What type of business is coles

Visit website Opens in new window. Coles Express Coles Express is one of Australia's leading fuel and convenience retailers, with over sites across Australia, employing more than 5, team members. Coles Financial Services Backed by some of the biggest names in financial services, Coles Financial Services provides insurance, credit cards and personal loans to Australian families.

Our strategy. Our history. The two business would have different investment profiles, Mr Scott said, with Coles delivering earnings growth with "defensive characteristics", and Wesfarmers offering greater opportunities for big returns by buying new businesses and growing its existing ventures.

Wesfarmers also announced current Coles managing director John Durkan will step down later this year after four years in the top job. He will be replaced by Steven Cain. Mr Durkan said he first discussed stepping down with Wesfarmers' former boss Richard Goyder 18 months ago, and that it was the right time for Coles to have a new leader who was "prepared to commit to long-term tenure and navigate this great Australian company through the next chapter of its history".

Mr Cain is currently the head of supermarkets at Metcash, which supplies IGA supermarkets, and advised Wesfarmers on its takeover of the Coles Group in Woolworths' shares also rose on Friday, to close up 1. Coles to become independent company under Wesfarmers spin-off. Please try again later.

The Sydney Morning Herald. By Patrick Hatch March 17, — Save Log in , register or subscribe to save articles for later. By Country. View All Industry Reports. Australia Company Profiles. Applying Industry Research Industry Classifications. What does Coles Group Limited do? Coles Online: Providing customers with online grocery shopping, home delivery and click and collect pick up locations. Coles Express: Operating fuel outlets and convenience retail stores at over locations across Australia.

Coles Financial Services: Provides credit cards, insurance and personal loans. Pty Ltd which operates Spirit Hotels and an associated retail liquor business. The joint venture operates 87 hotel and gaming sites under the Spirit Hotels brand. Purchase this report or a membership to unlock the full analysis of the capital intensity of this industry.