Coles Group
Australian public company / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Coles Myer?
Summarize this article for a 10 year old
Coles Group Limited is an Australian public company operating several retail chains. Its chief operations are primarily concerned with the sale of food and groceries through its flagship supermarket chain Coles Supermarkets, and the sale of liquor through its Coles Liquor outlets. Since its foundation in Collingwood, Victoria in 1914, Coles has grown to become the second-largest retailer in Australia after its principal rival, Woolworths, in terms of revenue.
Company type | Public |
---|---|
| |
Industry | Consumer staples |
Predecessors | Coles Myer Ltd Wesfarmers (spun-off) |
Founded | 9 April 1914; 110 years ago (1914-04-09) Collingwood, Victoria |
Headquarters | 800 Toorak Road, Hawthorn East, Victoria, Australia |
Key people | |
Products | Retail and consumer services |
Revenue | A$38.464 billion (2019)[2] |
A$1.467 billion (2019)[2] | |
Total assets | A$9.777 billion (2019)[2] |
Total equity | A$3.357 billion (2019)[2] |
Subsidiaries |
|
Formerly known as Coles Myer Ltd. from 1986 to 2006, Coles Group was owned by Wesfarmers from 2007 until 2018, when it was spun-off, with it once again listed as an independent public company on the Australian Securities Exchange, containing Coles Supermarkets, Coles Online, Coles Express, Coles' liquor division, Coles' financial division, and Flybuys.[3]