The Australian reports that Australia’s biggest retailer, Woolworths, may team up with Tesco to launch a bid for Coles Group that would compete with one made by Westfarmers, an Australian home improvement chain.
Woolworths had been reported to be considering throwing in with Kohlberg Kravis Roberts (KKR) for a bid, but is now leaning toward Tesco. If the two do decide to team up and are successful, it is speculated that Woolworths would keep Coles’ Target and Officeworks chains, and Tesco would get the food chains.
Woolworths had been reported to be considering throwing in with Kohlberg Kravis Roberts (KKR) for a bid, but is now leaning toward Tesco. If the two do decide to team up and are successful, it is speculated that Woolworths would keep Coles’ Target and Officeworks chains, and Tesco would get the food chains.
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