Woolworths aims to boost wine collection with Archer's Cellarmasters
Australian retail giant Woolworths has made an A$340 ($344.4 million) bid for Archer Capital-owned wine distributor Cellarmasters, coming one and a half months after the company reportedly approached Pacific Equity Partners (PEP) and Unitas Capital for their New Zealand asset Independent Liquor.
According to The Australian, Woolworths' CEO Michael Luscombe has voiced his confidence that regulators would approve the Cellarmasters transaction. Archer Capital acquired Cellarmasters Group from Foster's...
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