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  • Finweek - English

    Simon’s stock tips

    Jan 31, 2020 5 minutes
    By Simon Brown

    WOOLWORTHS

    What’s the plan with David Jones?

    oolworths* has announced that CEO Ian Moir will be stepping down mid-February. His departure is not a surprise, after it was announced he’d be based in Australia trying to fix the company’s David Jones subsidiary. But this is sooner than I expected. The new CEO, Roy Bagattini, is an outsider and comes from a fashion retail background, suggesting he really is in place to fix David Jones. This raises the question: Is he fixing it for sale or to keep it? I suppose that will depend on how well he manages getting David Jones to start making real profits. However, as somebody with no prior involvement in the acquisition, it’s likely he will be able to take an unbiased view of the business and make the right

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