Country Road Group and David Jones merge

Woolworths announced on Friday that is intends to combine its Australian subsidiaries Country Road Group and David Jones into one group, WHL Australasia, which will be headquartered in a single campus based in Richmond, Melbourne.

Ian Moir (pictured), Woolworths CEO, said in a statement:

"The creation of a single regional structure is the logical next step for our business. It enables the benefits and synergies of the Australian acquisitions to be fully realised and allows the creation of a single team and culture focused on our Australian customers and driving improved shareholder returns for the WHL Group."

Woolworths has also promoted John Dixon - who was appointed David Jones CEO in 2015 - to WHL Australasia CEO from September, while Sacha Laing, COO of Country Road Group, will be leaving the business with immediate effect, as part of the restructure.