Lowe’s execs jet in to stem Masters bleeding

 In Australia, NewZealand, Woolworths
Top executives from US hardware giant Lowe’s, believed to include its chairman and CEO Robert Niblock, have flown to Australia for meetings with its Masters hardware joint venture partner Woolworths as the start-up chain continues to lose millions of dollars and miss its earnings targets.
BusinessDay has learned that a board meeting of the Masters joint venture will be held in Melbourne tomorrow, with directors from Lowe’s and Woolworths touring a number of Masters stores in the south east suburbs including its store in Hawthorn East where the key meeting will take place.  Sydney Morning Herald – Read more…

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