Cash Flush Woolworths Looks to Expand South African Food Unit

Woolworths Holdings Ltd. plans to expand its South African food unit after the sale of Australia’s oldest department store chain, David Jones, removed about 18 billion rand ($969 million) in liabilities.

The Cape Town-based retailer is opening more outlets that sell ready-to-eat items and more cafés, Chief Executive Officer Roy Bagattini said in an interview on Wednesday. It’s also looking at other quick-service food options and will dedicate more space to its liquor business, he said.

Source: Bloomberg