Macro Finance
Woolworths Profit Falls as New CEO Pivots Group Toward Food
Bloomberg Markets·September 2, 2026·1 min read
Woolworths Holdings Ltd. is pivoting its business around its upmarket South African food operations, placing its best-performing division at the center of the group. New CEO Sam Ngumeni seeks to revive growth after annual profit declined. The strategic shift prioritizes food as the core focus.
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