WES 0.60% $65.12 wesfarmers limited

Ann: 2024 Strategy Briefing Day presentation, page-5

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    Goyder was in control of WES from 2005 to 2017.
    In 2007 Wesfarmers purchased the Coles Group in the biggest successful take-over in Australian corporate history, after paying almost $20 billion for the company.Coles was a national supermarket, department store. liquor, fuel and convenience retailer in Australia. As of September 2013, Coles operated 756 full-service supermarkets, 810 liquor outlets, 92 hotels, and 636 fuel and convenience stores.
    Wesfarmers bought Kmart and Target when they bought Coles. Coles employs more than 105,000 staff.[12] Coles' busineses include Coles Supermarkets, Coles Online, Coles Express, Vintage Cellars, 1st Choice Liquor Superstore, BI-LO, Coles Financial Services and Liquorland.
    Under Goyder’s supervision, Wesfarmers prepared for the successful divestment of Coles, keeping a large holding in the company.
    Wesfarmers unsuccessfully attempted to develop Bunnings Stores in the UK towards the end of Goyder’s management, which was a failure.
    The management of the Coles acquisition, the balance of COL shares retained, and those COL given to all us WES shareholders, together with the WES price going from $24 to $29 under his stewardship makes Goyder a very successful C.E.O. of WES.
    Last edited by kn0way: 08/05/24
 
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