Big W for sale? Woolworths in talks with buyout firms KKR, TPG: sources

 In Australia, BigW, NewZealand, Woolworths
Global buyout firms, including KKR & Co and TPG Capital, have made preliminary approaches to Woolworths to express interest in its Big W discount store chain, people with knowledge of the matter said.
The private-equity firms have held early talks with Woolworths, as the retailer reviews its operations after its chief executive officer announced retirement plans in June, according to the people. The Big W chain could be valued at about $1.5 billion, one of the people said, asking not to be identified as the information is private.  Sydney Morning Herald – Read more…

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