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| Coles Group Limited |
Company Overview: Coles Group Limited
Established in 1914, Coles Group Limited is an Australian food & staples retailing company operating several retailing chains. Its chief operations are mainly concerned with the sales of good items and groceries through its flagship supermarket chain Coles Supermarkets. In addition, the group is also engaged in the sale of liquor and petrol through its Coles Liquor and Coles Express outlets. Since its establishment in Collingwood, Victoria, Coles has become the second-largest retailer in Australia after its principal rival Woolworths in terms of Revenue.Earlier known as Coles Myer Limited from 1985 to 2006, Coles Group was owned by Western Australian conglomerate Wesfarmers from 2007 until 2018. Since the inception of its first store in Smith Street of Victoria, it has evolved to more than 2500 retail outlets across the nation.
The company went public on the Australian Securities Exchange on 21st November 2018 under the ticker COL. At the time of writing, the company’s market capitalisation is $22,94 billion, and its share price is $16. 920. Its EPS was recorded at $0.787.