Woolworths Ltd. Salvages $380 Million in Home Improvements Exit

  • Australian supermarket chain announces three-part sale
  • Joint venture with Lowe’s cost Woolworths billions of dollars

Woolworths Ltd. expects to salvage A$500 million ($380 million) exiting its home-improvements venture after a failed attempt to take on Australian market leader Bunnings Ltd. cost shareholders billions of dollars.

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