Woolworths Group Ltd (ASX: WOW) was founded in 1924 by Percy Christmas, with its first store opening in Sydney’s Imperial Arcade. Woolworths has gone on to become Australia’s largest supermarket business, operating Woolworths supermarkets in Australia and Countdown in New Zealand. It also runs the retail department store Big W as well as liquor stores Dan Murphy’s and BWS. With over 3,000 stores and more than 200,000 employees, it’s one of Australia’s largest employers.
The Woolworths Group Ltd (ASX:WOW) share price has risen after the supermarket giant has released its FY20 result.
Woolworths Group Ltd (ASX:WOW) has announced an acquisition this afternoon – it’s buying a controlling stake of PFD Food Services for $552 million.
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After getting whacked in the lead up to the COVID crash of March 2020, the Woolworths Group Ltd (ASX: WOW) share price has held its own.
The S&P/ASX 200 (INDEXASX: XJO) is expected to open flat today. BHP Group Ltd (ASX:BHP), QUBE Holdings (ASX:QUB) and AMP Limited (ASX:AMP) are in the news.
Woolworths (ASX:WOW) has released FY20 profit guidance for the market to think about.
