Wesfarmers Limited, the owner of Coles supermarkets, today announced a 46.3 per cent lift in net profit after tax to $879 million for the half-year ended 31 December 2008,  which was in the upper range...

Kraft Foods reported overnight that organic net revenues – assisted by price rises – increased by 6.6% in the second year of its three-year turnaround plan. “Growth in operating income...

The Chairman of Wesfarmers, Trevor Eastwood, has told shareholders that he is excited about the platform for growth of Coles, now that the senior management team is in place. Mr Eastwood was looking to...

Kraft Foods Inc. has announced positive third-quarter 2008 results as the company executes its three-year turnaround plan. Strong organic net revenue growth of 7.1 per cent was, in part, driven by pricing...

Any hopes of the Coles transformation being complete earlier than the five year estimate appear forlorn given the frank assessment of current Chief Executive Ian McLeod at an investor briefing held by...

Kraft Foods Inc., one of the world’s leading food manufacturers, has announced optimistic progress in the middle of their three-year turnaround plan. At the Lehman Brothers Back-to-School Consumer...

Wesfarmers, Australia’s largest employer and owner of Coles supermarkets, has announced that the market share of Coles has begun to stabilise as initiatives to transform the business continue in...

Wesfarmers, the owner of Coles supermarkets since the $20b purchase of Coles Group last year, has disputed claims that the turnaround of the supermarket giant is taking too long. Wesfarmers CEO, Richard...