A rich Country Road offer, but not overdressed

Fresh details cast Woolworths' offer in a new light in relation Country Road's prospective earnings -- and will give pause to concerns of a ‘collateral benefit’ for Solomon Lew.

Country Road’s update on its trading performance has been fortuitously timed to coincide with the bidder’s statement from South Africa’s Woolworths and to be tabled only a week before David Jones’ shareholders meet to vote on their $2.2 billion offer from Woolworths.

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