Buyout Firms Said to Approach Woolworths on $1 Billion Big W

Updated on
  • Blackstone, KKR, TPG express preliminary interest in business
  • Supermarket chain's CEO announced retirement plans in June

Blackstone Group LP, KKR & Co. and TPG Capital have made preliminary approaches to Australian retailer Woolworths Ltd. to express interest in its Big W discount store chain, people with knowledge of the matter said.

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