Masters sees losses widen, intensifying talk of a Woolworths exit

 In Australia, NewZealand, Woolworths
Masters Home Improvement stores are losing $78,000 a week based on the latest losses reported by the embattled hardware operation’s US joint venture partner Lowe’s.
Based on Lowe’s latest financials reported overnight in the US, Deutsche Bank estimates the Masters JV lost $67.5 million before tax in the first quarter of fiscal 2016. Sydney Morning Herald – Read more…

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