Original article by Sue Mitchell
The Australian Financial Review – Page: 19 : 23-Jul-15

Woolworths Holdings CEO Ian Moir says the South African group plans to reinvest the proceeds of David Jones asset sales into the department store business. Woolworths is set to sell one of the David Jones stores in both the Melbourne and Sydney CBDs. The two stores could fetch around $A400m in total, and Moir says the remaining two stores in the CBDs will be expanded and upgraded. The David Jones food halls will also be upgraded at a cost of $A8m.

CORPORATES
WOOLWORTHS HOLDINGS LIMITED, DAVID JONES LIMITED, COUNTRY ROAD LIMITED, WITCHERY FASHIONS PTY LTD, TRENERY, SEED, FCUK