On 2 July 2007, Wesfarmers announce it was purchasing the Coles Group retail task for A$22 billion making it the largest successful take-over in Australian incorporated history.[4] Wesfarmers officially took control of Coles on 23 November 2007, after paying(a) almost A$20 billion for the familiarity.
Contents
1 History
2 Divisions
2.1 Home Improvement and Office Supplies
2.2 Coal and Energy
2.3 Industrial & Safety
2.4 Insurance
2.5 Coles (Food, pot likker and Convenience) Division
2.6 Other businesses
3 Notes
3.1 Further reading
4 External links
History
The company was founded on 27 June 1914 as a farmers co-operative which focused on the provision of services and merchandise to the Western Australian homespun community.
In 1924 it established the first public radio post in Western Australia with 6WF before it passed into the hands of the Australian transmit Corporation in 1929.
By the 1940s the companys work include being wheat and general merchants; country distribution for solid ground Oil Refineries Ltd; wool, live stock, skin and produce auctioneers; grain & issue exporters; insurance underwriters; acquiring agents for the wheat pool of W.A. Known as Westralian Farmers Limited, it had premises in various locations within the Perth central business district. In the 1940s there were premises at 563-571 hessian Street. They also had premises at Newman Street in Fremantle.
In 1991, 19 m³ of the records of the Westralian Farmers Co-operative were deposited with the J S Battye Library in Perth.
A name change in 1985 to Wesfarmers Limited coincided with its restructuring from a co-operative to a public...If you want to get a full essay, stray it on our website: Orderessay
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