Woolworths Still Aims to Gain Control of Warehouse, Financial Review Says
Woolworths Ltd. remains in talks with Stephen Tindall, who holds a 52 percent stake in Warehouse Group Ltd., and wants to do a deal to take control of the New Zealand- based retailer, the Australian Financial Review reported, citing an interview with Woolworths Chief Executive Officer Michael Luscombe. “I’d hope in time we can find a way for Stephen Tindall to be comfortable with a change in ownership,” the newspaper reported, citing Luscombe. Woolworths has a 10 percent stake in Warehouse.
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