Last Drinks: Woolworths Pulling the Pin on Pubs
Woolworths Group is set to sharpen its focus even more on the core supermarkets segment via an intended divestment of its drinks and hospitality businesses. This follows the sale of the petrol businesses in April 2019. We don't expect any demerger to materially change Woolworths' competitive position. The firm's narrow economic moat is underpinned by buying power over competitors thanks to the scale benefits of Australia's largest supermarket. We make no change to our AUD 24.50 fair value estima...Woolworths Group is organized into five segments: Australian Food and Petrol, which involves the procurement of food and petroleum products for resale to customers in Australia; New Zealand Supermarkets, which involves the procurement of food and liquor and products for resale to customers in New Zealand; Endeavour Drinks Group, which involves the procurement of liquor products for resale to customers in Australia; BIG W, which involves the procurement of discount general merchandise products for resale to customers in Australia; as well as Hotels, which involves the provision of leisure and hospitality services, accommodation, entertainment and gaming in Australia.
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