Woolworths elicited public interest when it announced on Monday its fire sale in which it disposes all inventory through hefty discounts before it sells Masters Home Improvement. But it also incurred the ire of US hardware giant Lowe’s, its partner in Masters.
The Australian reports that Lowe’s has filed a lawsuit against Woolworth’s plan to sell Masters for $15 billion. Lowe’s accuses Woolworths of oppressive conduct and acting in bad faith for the planned closure of the hardware in just more than three months.
