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July 29, 2015 12:08 PM ET

Food and Staples Retailing

Company Overview of Coles Group Limited

Company Overview

Coles Group Limited owns and operates retail stores in Australia and New Zealand. The company operates its stores under four groups: Food, Liquor & Fuel; Kmart; Officeworks; and Target. Food, Liquor & Fuel group comprises Supermarkets, Coles Liquor, Coles Express, and Coles Online. The Supermarkets brand comprises the Coles and Bi-Lo brands that offer a range of fresh food, groceries, and general merchandise. Coles Liquor operates four major brands: Liquorland, Vintage Cellars, Theo’s, and 1st Choice Liquor Superstore. Coles Express operates fuel and convenience stores across Australia. Kmarts are discount stores that offer a range of items, including sporting goods, toys, electrical applian...

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

Finance Director
Age: 45
Compensation as of Fiscal Year 2015.

Coles Group Limited Key Developments

Coles to Axe 205 Jobs from Store Support Centre in Victoria

Coles is making 205 people redundant from its store support centre in Victoria. The company said 97 permanent and 108 contracted positions would go from their IT and strategy and project management divisions over coming months. In September 2014 the company confirmed it was axing 438 jobs from its Melbourne support centre at Tooranga. The company said the changes would lead to the loss of 378 permanent positions and 60 contractor jobs.

Coles Group Reportedly Received Approaches For Vintage Cellars Liquor Chain

Coles Group Limited has received approaches from private equity buyers wanting to buy the Vintage Cellars liquor chain for up to AUD 300 million. It is understood that the approaches have been made in the past few days and involve splitting off the Vintage Cellars chain in a clean sale out of the larger Coles liquor division. The approaches have been made by at least two different parties as part of deals involving Coles’ underperforming liquor division and are centred on a spin-off of Vintage Cellars. A Coles spokesman said on June 5, 2014, “We don’t comment on media or market speculation around mergers, acquisitions or divestments.”

Coles Group Limited Reports Retail Sales Results for Third Quarter and Year to Date Ended March 31, 2014

Coles Group Limited reported retail sales results for third quarter and year to date ended March 31, 2014. For the quarter, the company’s sales were AUD 8,639 million against AUD 8,342 million a year ago. For the year to date, the company’s sales were AUD 27,900 million against AUD 26,651 million a year ago.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 22, 2014
A Shopping Centre Site in Florida Beach Estate
 

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