Woolworths buyout of David Jones at risk

By Byron Kaye SYDNEY (Reuters) – Australian billionaire Solomon Lew revealed on Wednesday he has bought a 9.89 percent stake in David Jones, throwing South African firm Woolworths Holdings‘ $2 billion buyout of the upmarket department store operator into doubt. Lew’s private investment company Australian Retail Investments said in a statement to the Australian Securities Exchange it had more … Read more