13.08.2015 04:00:00
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Woolworths Limited -- Moody's: Australian grocery market's duopoly faces shake-up
Sydney, August 13, 2015 -- Moody's Investors Service says that Woolworths Limited (A3 negative) and Coles, the supermarket operated by Wesfarmers Limited (A3 stable), are facing a number of headwinds that are undermining the historically stable structure of Australia's grocery retail market, with the emergence of German discounter Aldi (unrated) being the key driver.