Woolworths Ltd Ord (WOLWF) 15.5300 $WOLWF Woolw
Post# of 273250
Woolworths misled consumers over product safety hazards - Ordered to pay over $3 million in penalties
M2 - Fri Feb 05, 5:08AM CST
The Federal Court has today ordered Woolworths Limited (Woolworths) to pay total penalties of $3.057 million for breaches of the Australian Consumer Law relating to safety issues with house brand products sold in Woolworths supermarkets, Big W and Masters stores.
Lowe's Plans to Exit Home Improvement Joint Venture in Australia
PR Newswire - Mon Jan 18, 6:00AM CST
Lowe's Companies, Inc. (NYSE: LOW) today announced it has provided notification to Woolworths Limited, its joint venture partner in Australia, of its intent to begin the process of exiting its investment in the joint venture, which operates Masters Home Improvement stores and Home Timber and Hardware Group's retail stores and wholesale distribution in Australia. Woolworth's owns two-thirds of the joint venture, and Lowe's owns one-third.
LOW: 79.60 (+0.43)
ACCC takes action against Woolworths for alleged unconscionable conduct towards supermarket suppliers
M2 - Thu Dec 10, 3:19AM CST
The Australian Competition and Consumer Commission has instituted proceedings in the Federal Court against Woolworths Limited, alleging it engaged in unconscionable conduct in dealings with a large number of its supermarket suppliers, in contravention of the Australian Consumer Law.