What went wrong at Woolworths’ Masters

 In Australia, Hardware, NewZealand, Woolworths
Project Oxygen is finally out of breath.
It has been strangled by a hard-headed new Woolworths board led by Scotsman Gordon Cairns, who simply couldn’t stomach tipping any more funds into the Masters hardware chain, after $3 billion-plus had leaked into the drains outside its 63 stores across Australia.
Masters was conceived in 2009, at a time when the Woolworths boardroom was over-confident and a certain arrogance had permeated the upper echelons of the company. Sydney Morning Herald – Read more…

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