Woolworths told to dump Masters, Big W

 In Australia, NewZealand, Woolworths
Woolworths should ditch its struggling Masters and Big W brands amid tough conditions, says leading fund manager Hamish Douglass.
Mr Douglass, the founder of Magellan Financial Group, was also highly critical of outgoing Woolworths chief executive Grant O’Brien but backed the newly assembled food and liquor team at Australia’s largest retailer to turn the company around.


"I know the [Woolworths] share price is going to be tough over the next 12 months," Mr Douglass told a business lunch in Melbourne on Thursday.  Sydney Morning Herald – Read more…

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