Web: | en.wikipedia.org/wiki/Woolworths_(South_Africa) |
Info:
Woolworths Holdings Limited (JSE: WHL) is a South African chain of retail stores and one of the largest in the country, modelled on Marks & Spencer of the United Kingdom. This relationship with Britain's Marks and Spencer was formed after the Second World War, which led to the retailer buying all of the unissued share capital of Woolworths in 1947. These shares were later sold, but close ties still remain. The first Woolworths store opened in The Old Royal Hotel in Cape Town in October 1931. It was founded by Max Sonnenberg assisted by his son Richard and Fred Kossuth. |
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