VENTURE CAPITAL POST

Employees at Woolworths have voiced their displeasure over the supermarket's controversial Australia Day stance.

Australian department store David Jones was acquired by South African retailer Woolworths in a deal valued USD2 billion, reported Ventures Africa.

As part of its goal to offload non-core assets, Australia-based food company Goodman Fielder had sold its biscuit business at a loss to Green's Foods in a deal valued at $17 million.

Australia electronics chain Dick Smith Holdings Ltd's rise on the Australian Stock Exchange had put its enterprise value to five times its value at the time of its buyout at AUD534 million.

Due to high costs of operations and low returns, Woolworths opts to close down stores in Nigeria.

SCA Property's gearing, its debt to ratio assets, is projected to rise to 33% and can rise to as much as 40% according to its CEO.

ParknShop, the biggest supermarket chain in China received bids from companies such as Woolworths, KKR and other investors.

Woolworths Ltd. reported losses amounting to AUD $139 million stating it was spiked by weak sales and high start up costs.