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Ian Moir: "We had a much more profitable Christmas this year than last."

Woolworths CEO Targets Africa’s Middle Class to Drive Sales Growth

South African food and clothing retailer Woolworths Holdings Ltd. (WHL) expects to more than triple the proportion of sales it derives from other African countries within seven years as it taps a growing middle and upper class. The rest of Africa isn’t currently “a huge part of our business,” Woolworths Chief Executive Officer Ian Moir [...]