Original article by Sue Mitchell
The Australian Financial Review – Page: 26 : 8-Jun-18
Coles has indicated plans to boost capital expenditure after it is demerged from Wesfarmers, in part because the food and liquor retailer needs to refurbish stores. Coles may need to raise capital in order to finance its expenditure plans, depending on the amount of debt that Wesfarmers decides to leave it with. Coles MD John Durkan says he anticipates that the total Australian grocery market will grow by around three per cent a year.
COLES GROUP LIMITED, COLES SUPERMARKETS AUSTRALIA PTY LTD, WESFARMERS LIMITED – ASX WES, METCASH LIMITED – ASX MTS, WAVESTONE CAPITAL PTY LTD, MOODY’S INVESTORS SERVICE INCORPORATED, STANDARD AND POOR’S (AUSTRALIA) PTY LTD, AMAZON.COM INCORPORATED, BUNNINGS GROUP LIMITED