WOW 0.67% $30.20 woolworths group limited

Woolworths has dumped Australia's best-known tinned tomato...

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    Woolworths has dumped Australia's best-known tinned tomato brand, SPC Ardmona as its private label provider after cutting a deal with a new Australian supplier for the Woolworths-brand product line.
    The tomato deal has the potential to undermine SPC's $70 million supply deal with Woolworths, which was only made on a handshake and is under review by the supermarket giant.

    http://www.smh.com.au/business/retail/woolworths-dumps-spc-ardmona-tomatoes-20161108-gskmbd.htm

    A handshake should be as good as a written contract and is the Australian way.

    Sounds like the Woolie man is trying to back out of the deal which will leave a lot of SPC workers out of

    a job. Very bad form if this is the case.

    A deal is a deal.
 
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