CP mitre 10 bought home and timber ,bunnings bought 15 masters sites/stores (a combination).My understanding was/is bunnings market share is far less than u suggest.Where did u get the 50% market share from ?.Also my understanding is bunnings will continue to open stores.I have not read anything suggesting the accc will stop bunnings opening new stores in austtralia?
ps Bunnings UK appear to b making every effort to understand the UK market as they trial their new stores,with people employed to advise on the market ie B&Q..If bunnings get it right and imo there entry into UK markets appears alot smarter than masters,then the potential is very interesting ie UK market $38b,UK market very fragmented with plenty of consolidation opportunities (especially if combined with possible funds from coal ipo and officeworks),the 2 largest players in the sector only control 15% of sector.Population of UK/ireland 67m.
Interesting article 'UK very good market' for bunnings 'sky news.sry can't remember if someone posted this link or i googled it,
ps also if successful the uk will improve bunnings global buying power and possibly provide opportunities to expand in selected european countries.
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