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What went wrong at Woolworths' Masters
2016-01-18 06:23:18| Grocery - Topix.net
It has been strangled by a hard-headed new Woolworths board led by Scotsman Gordon Cairns, who simply couldn't stomach tipping any more funds into the Masters hardware chain, after $3 billion-plus had leaked into the drains outside its 63 stores across Australia. Masters was conceived in 2009, at a time when the Woolworths boardroom was over-confident and a certain arrogance had permeated the upper echelons of the company.
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