The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

Lowe's seeks to wind up venture with Woolworths

Published Tue, Aug 30, 2016 · 09:50 PM
Share this article.

Sydney

LOWE'S Cos asked an Australian court on Monday to appoint a liquidator to wind up its home-improvements business with Woolworths Ltd, accusing its partner in the venture of "oppressive" and "prejudicial" behaviour.

Woolworths last week announced a three-step plan to quit the unprofitable Masters hardware division, formed with Lowe's in 2009, including a proposal to sell 82 properties and development sites that still needed the US company's approval.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Consumer & Healthcare

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here