Tag: Wesfarmers
Harvey Norman to launch Officeworks competitor
23 July 2007 — Sydney (AUS): Harvey Norman, the Australian retailer, is said to be mounting a challenge to Officeworks by opening a new office supplies chain. The proposed brand name has been registered...
Wesfarmers to buy Coles
3 July 2007 — Sydney (AUS): Wesfarmers has agreed to buy Officeworks' parent Coles Group for AUD$20.7 billion ($17.6 billion). The deal, worth AUD$17.25 dollars per share to Coles shareholders, will make Wesfarmers the...
Coles interest drying up?
30 May 2007 — Sydney (AUS): Kohlberg Kravis Roberts KKR and CVC Asia Pacific, two of the private equity groups that were bidding for Coles Myer, have pulled out of the contest after two...
Officeworks going once, going twice…
Australia's office products community remains baffled and completely in the dark as to the future ownership and security of its leading national OP superstore chain, Officeworks. Following the announcement in February that Coles Myer...
Wesfarmers fails to buy more Coles shares – report
2 May 2007 — Sydney (AUS): Wesfarmers has been unsuccessful in an attempt to purchase more Coles shares and up its current 12.8 percent stake in the company, reports the Australian press. It is...
Tesco teaming up with Woolworths for Coles?
27 April 2007 — Sydney (AUS): Tesco is said to be considering a partnership with Woolworths to bid for Australian retailer Coles Myer. It is thought that if the bid – that will have to...
Officeworks attracts attention
11 April 2007 — Melbourne (AUS): Harvey Norman, the Australian electrical and furniture retailer, is considering buying Officeworks, having posted a 17.2 percent rise in Q3 sales and forecast "extremely strong" annual profit. Chairman...
