Companies / Australia
Is Coles Sale Losing Momentum?
June 2007 | Company News AlertIdentified as one of the only remaining chances to enter the highly saturated, but highly profitable Australian mass grocery retail (MGR) sector, the Coles Group appeared inundated with suitors when it put itself on the auction block in February 2007. However, just months later, after much speculation and the release of Coles' third quarter financial results, the prospect of a highly contested bidding war appears to be slipping away.
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