It's important to remember that Coles only run the pubs so they...

It's important to remember that Coles only run the pubs so they can continue to run the bottle shops. Running the pubs gives them a licence to run over 200 bottle shops within a legislated radius of the pubs not just the bottle shops in the pubs themselves. In my opinion, the rents paid to run the pubs are a relatively small investment which allows them to make much more money from the bottle shops. If they were to breach their leases they would lose a huge amount of bottle ship revenue. Can't see this happening.