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UPDATE 1-Australia's Woolworths appoints new chairman after sales slump

2015-08-28 21:53:04| Agriculture - Topix.net

Australian supermarket chain Woolworths Ltd appointed a new chairman on Thursday as it reported its first fall in full-year net profit in at least 19 years amid tough competition and falling market share. The country's biggest supermarket operator said former Lion Nathan chief executive Gordon Cairns would replace Ralph Waters as chairman.

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