Woolworths news and archive

Woolworths all set to buy Australian menswear label Politix

The South African apparel giant announced Wednesday it is all set to acquire men's fashion brand Politix through its subsidiary, Country Road Group. Although no financial details have transcended, David Jones’ parent group further explained that the acquisition will be funded using its own resources and is expected to immediately increase the...

Report

Australia ́s Direct Group, new suitor for Woolworth ́s Ezibuy

Australia’s Direct Group has joined Direct Capital and Briscoes in New Zealand in the race to become the new owner of Woolworths’ fashion shopping website Ezibuy. Direct Group owns sites such as Damart, The Fox Collection, Innovations, Gaiam, Entertainment Masters, Victoria Hill and Homecare. New Zealand-based private equity and venture capital...

Business

Shop Direct to put Woolworth’s name up for sale

The Woolworths name could be put up for sale after its current owner, online retailer ShopDirect, has announced over the weekend the imminent closure of its website. The group’s chief executive advanced the investment would be directed towards a more successful website. As revealed by Shop Direct’s chief executive Alex Baldock in an interview...

Fashion Featured

Looking Beyond the Obvious in Sub-Saharan Africa - Part I

For many fashion brands, South Africa has been the stepping stone into the sub-Saharan region due to the attractive economic growth and affluent market. But has the time now come to start expanding north? According to Euromonitor International, sales through apparel and footwear specialists in Nigeria and Kenya are expected to grow by 93 percent...