Original article by Catie Low
The Australian Financial Review – Page: 13 & 18 : 27-Nov-15

Woolworths chairman Gordon Cairns has conceded that the retailer must take action on its Masters joint venture, conceding that annual losses of $A200m are not sustainable. However, he says Woolworths will wait until a five-year strategic plan for Masters is finalised in 2016 before deciding on its future. Cairns remains convinced that the Australian home improvement market can support a rival to Bunnings. He has also indicated that Woolworths is unlikely to sell its Big W department store chain.

CORPORATES
WOOLWORTHS LIMITED – ASX WOWMASTERS HOME IMPROVEMENT AUSTRALIA PTY LTDBIG W DISCOUNT STORESLOWE’S COMPANIES INCORPORATEDBUNNINGS GROUP LIMITED