Woolworths’ shares slump on CEO exit and NZ write-offs
Brad Banducci says he is retiring, not resigning, but his exit is messy.
Woolworths has rebranded 34 of its New Zealand stores, but says it is on a 'multi-year journey'.
Shares in Australia's biggest supermarket chain slumped almost 9% today after the chief executive announced his departure and the company's profit figures included a massive write-off for the New Zealand business.
Woolworths shares were down 8.9% to A$32.68 by the early afternoon on the ASX and were
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