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Lowe's opts to stay on board Masters venture
Feb 26, 2013 (The Australian Financial Review - ABIX via COMTEX) --
US hardware group Lowe's is happy with the performance of Masters, its joint venture Australian home improvement business with Woolworths. Lowe's could exercise a put option from October 2013. Lowe's CEO Robert Niblock said that the Masters business had a modest impact on earnings in 2012. Lowe's expects Masters to break even in 2015-16.
Publication Date: 27 February 2013
WOOLWORTHS LIMITED - ASX WOW
MASTERS HOME IMPROVEMENT AUSTRALIA PTY LTD
LOWE'S COMPANIES INCORPORATED
WESFARMERS BUNNINGS LIMITED
THE HOME DEPOT INCORPORATED
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