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Woolworths share price: Where next as Demerger looms?
The Woolworths share price has drifted higher as the company closes in on demerging its drinks and hotels businesses.
Shane Walton | Financial Writer, Australia | Publication date: 2021-05-10T02:45:59+0100
Woolworths (ticker: WOW) on Monday announced that it had entered the third and final stage of its Endeavour Drinks transformation program.
Today’s announcement builds on a process started back in 2019, which started with the group’s drinks and hospitality businesses restructured to its own legal entity: Endeavour Group. The aim behind the demerger was always a simple one: Create a more focused, independent business that was/ will be well positioned for future growth. ....

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