Woolworths CEO Roy Bagattini seals in2food deal to control its premium meals supply chain
Woolworths is buying 100% of in2food Holdings from its founders and Old Mutual Private Equity in a cash deal expected to lift earnings immediately.
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Woolworths is buying 100% of in2food Holdings from its founders and Old Mutual Private Equity in a cash deal expected to lift earnings immediately.
The company's revenue surged to $4.3 billion, primarily driven by strong sales growth in its core South African operations.
Despite the impressive revenue growth, Woolworths encountered supply chain disruptions that impacted sales during the 26-week period.
In addition to his executive and governance responsibilities, Roy Bagattini holds a minority stake of 0.158 percent in Woolworths Holdings.