Cape Town-based Woolworths holds a majority share in the Australian retail chain, which sells apparel and homeware in its own retail stores and through concessions in major Australian department stores.
Country Road is listed on the Australian Stock Exchange and operates in Australia and New Zealand.
"Country Road is aware of media speculation concerning a possible transaction with Gresham Private Equity in relation to the Witchery Group," Woolworths said.
"Discussions with Gresham Private Equity relate to proposals that are incomplete, confidential and nonbinding and there is no certainty that a transaction will take place."
Source: Business Day
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
SAMRA 2 days
