July 27, 2016 7:28 AM ET

Food and Staples Retailing

Company Overview of Coles Group Limited

Company Overview

Coles Group Limited owns and operates retail stores in Australia. The company provides bread and bakery products, fruits and vegetables, meats/seafood/deli, dairy/eggs/meals, pantry products, frozen products, drinks, liquors, international food products, healthy living products, household products, health and beauty products, baby products, pet products, business products, stationery and media products, mobiles, gift cards, socks and jocks, and tobacco. It also offers products online. Coles Group Limited was formerly known as Coles Myer Ltd. and changed its name to Coles Group Limited in November 2006. The company was founded in 1914 and is based in Tooronga, Australia. As of November 23, 20...

Level 5, Module 1

800 Toorak Road

Tooronga, VIC 3146

Australia

Founded in 1914

Phone:

61 3 9829 3111

Fax:

61 3 9829 6787

Key Executives for Coles Group Limited

Managing Director
Age: 52
Compensation as of Fiscal Year 2016.

Coles Group Limited Key Developments

Coles Group To Sell Coburg North Village Shopping Centre

Coles Group Limited is looking to sell Coburg North Village shopping Centre. Market expectations are in excess of $30 million. Pat De Maria, Tom Forrest and Steven Lerche of Savills are marketing the property.

Viva Energy Listing To Be Delayed

Viva Energy Australia Ltd. is eyeing the float of a AUD 2 billion real estate investment trust, yesterday faced claims from major tenant Coles Group Limited in a legal dispute that has pushed back its plans to list on the ASX until next year. Coles has also raised concerns that a REIT would limit its ability to have the first right of refusal on the sale of any of Viva’s sites.

Coles Group Considering Options After General Electric's Recent Divestiture

Coles Group Limited is considering its options after the sale of the consumer finance arm of General Electric Company (NYSE:GE). "As we have stated previously, several options, including a change of control, was contemplated when Coles entered into the joint venture agreement," a Coles spokeswoman said. "Now the sale has been announced Coles is considering its options." Wesfarmers Finance Pty Ltd held pre-emptive rights over Coles Group Limited's portion of the GE portfolio, believed to be worth about $800 million, with the option triggered by a change of control.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 24, 2016
PlayCorp Group of Companies Pty Ltd.
 

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