Wesfarmers chief executive Richard Goyder has acknowledged strong retail turnarounds in Coles, Kmart and Target during the annual general meeting held yesterday. Mr Goyder said that it was “important...

Sara Lee has announced a further step toward their plan to focus on food and beverage products with the sale of the air care business to consumer products giant Procter & Gamble. The binding offer...

Wesfarmers, one of Australia’s largest companies and owner of the Coles Group, has reiterated their belief that the Coles acquisition will prove a great buy in the long-term. The underperforming...

The Managing Director of Coles, Ian McLeod, has today informed investors of the improvements made at Coles as the company continues to see momentum in their business gather steam. Speaking at an investor...

Kraft Foods is confident that their turnaround strategy will position them for strong growth in coming years, with or without Cadbury. The maker of Oreo and Vegemite began a corporate overhaul soon after...

Sara Lee has reported a binding bid of almost A$2.2 billion (€1.275 billion) from consumer products giant Unilever to acquire its global body care and European detergents businesses. Sara Lee announced...

Wesfarmers has reaffirmed to investors that the Coles turnaround is progressing as planned in their annual shareholder review. Chairman Bob Every said that, long-term, the company was confident that the...

Wesfarmers has announced a net profit after tax of $1.535 billion – up 44 per cent – as their Coles turnaround gathers momentum. The WA-based conglomerate, owner of the Bunnings and Coles Group...

Coles owner Wesfarmers has advised that the turnaround is progressing as planned and is expecting improved trading conditions in the coming year, as global economic data shows signs of recovery. Chief...

Coles has announced the hiring of Tony Buffin as their new Chief Financial Officer. He will claim the position vacated by Terry Bowen when he moved to the position of CFO of Coles owner Wesfarmers. Mr...