After more than two years of hype, promises of thousands of new jobs and millions of dollars pumped into local economies, German supermarket chain Kaufland has announced a shock decision to abandon its Australian plans – and the ongoing drought and bushfires may be to blame.
The European giant broke the news to its 200 staff in Australia on Wednesday, but remained vague on the reasons behind its exit.
Kaufland had more than 20 stores in the pipeline in Victoria, South Australia and Queensland, the first of which was expected to open later this year or early next year.
Read more: https://thenewdaily.com.au/finance/consumer/2020/01/22/kaufland-australia-2/