Ads
related to: coles myer australia
Search results
Results from the WOW.Com Content Network
Coles Group was previously known as Coles Myer (1986–2006) By the 1980s, Coles primarily operated supermarkets, whilst Myer operated the department store chains Myer and Grace Bros, as well as the Target discount variety store chain in Australia, and fast food restaurant chain Red Rooster (which it acquired in 1981). [8]
Coles Supermarkets Australia Pty Ltd, doing business as Coles, is an Australian supermarket, retail and consumer services chain, headquartered in Melbourne as part of Coles Group. Founded in 1914 in the suburb of Collingwood by Sir George Coles , the company currently operates 846 [ 2 ] supermarkets throughout Australia, including several now ...
In 1985 the Myer Emporium (and Target, its discount department store) merged with GJ Coles & Coy forming Coles Myer, then Australia's largest retailer. [13] Myer remained a distinct entity within the new corporate structure until it was sold in 2006.
Fosseys was established in 1926 at George Street, Sydney by Alfred Bristow Fossey and grew to 148 stores throughout Australia, with an annual turnover of $300 million. [citation needed] As part of the acquisition of Grace Bros, which had purchased JB Young's of Queanbeyan who owned Fosseys, Coles Myer came to own Fosseys.
Grace Bros was an Australian department store chain, founded in 1885. It was bought by Myer (later Coles Myer) in 1983.There were 25 stores across New South Wales and the Australian Capital Territory plus a few in Victoria, until they were re-branded under the Myer name in 2004.
In July 2006, Coles Myer CEO John Fletcher announced a strategy to progressively re-brand Bi-Lo, Kmart, First Choice Liquor, Liquorland and Theo's under the Coles banner. Bi-Lo supermarkets were to be re-branded as Coles supermarkets, with others changing to other Coles Group businesses. Coles planned to keep some Bi-Lo lines in its re-branded ...
ASIC chairman Alan Cameron, acknowledged during the press conference to announce the outcome of the investigation that: "It is worth saying that the original loss suffered by Coles Myer was about A$ 18 million, and the recovery made by Coles Myer was in excess of A$ 12 million." [15] Lew contributed to this 1996 settlement with Coles-Myer. [16]
An internal company investigation in 1995 exonerated Lew but accused Quinn of helping organise a secret underwriting of the share transaction which cost Coles Myer $18 million. [6] In 1997, Quinn was charged with fraud after spending almost $4.5 million of shareholder funds on renovations to his mansion home in Templestowe.
Ads
related to: coles myer australia