BNET Industries
Market Cap:$573.2M
Last Fiscal Year Sales:$6.2B
- Public
- US
Dow Jones Description
Wesfarmers has moved far beyond its agricultural beginnings. Founded in 1914 and headquartered in Perth, Australia, Wesfarmers Limited (SYD: WES) operates in several different sectors.The company began as a farmers' cooperative, but now deals in home improvement products and building supplies, coal mining, gas processing and distribution, industrial and safety product distribution, chemicals and fertilizers manufacture, insurance, and rail transport. The company has annual revenue of about $6.2 billion and employs about 30,000 people. Wesfarmers and Genesee & Wyoming (G&W) of the United States, joint venture partners in the Australian Railroad Group (ARG), agreed to sell ARG to Babcock & Brown Limited and Queensland Rail for $1.3 billion. The sale covers freight operations in Western Australia and contracted services operating in New South Wales and Victoria. It also includes the remaining 43 year lease on the rail network in Western Australia, currently managed by the ARG subsidiary.
Number of Employees 30,000
Contact Information
Wesfarmers House, 11th Fl
Perth
(61) 893274211
Peer Companies
NAICS Code Other Management Consulting Services: 541618
Recent Events
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WESFARMERS' HARDWARE BIZ BUNNINGS TO OPEN 12 STORES IN NSW
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Australia's Tabcorp in talks to buy pubs-report
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FORMER W AUSTRALIA PREMIER TAKES SENIOR ROLE WITH WESFARMERS
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Asia Markets: Wesfarmers gains in Aussie supermarket race
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TPG to List Myer in $2 Billion IPO
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Australia's Metcash in supply deal with Coles
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AUSTRALIAN RETAILER WESFARMERS POSTS NET PROFIT RISE TO US$1.3B
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Wesfarmers CEO Focuses on Performance
News & Analysis
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wesfarmers ltd. and woolworths - All News and Analysis
Bunnings welcomes Woolies-Lowe's tie
BNET
- 2009-08-24
BUNNINGS says it is not afraid of Woolworths joining forces with the world's second-biggest hardware retailer to compete in Australia. Woolworths said today it was making a takeover bid worth more than $87 million for Danks Holdings, Australia's third-largest hardware distributor.Woolworths is teaming up in a joint venture with US...
Wesfarmers looks at ways to reduce debt
- 2008-10-20
SYDNEY -- Wesfarmers Ltd. is assessing a variety of measures to cut a $3 billion Australian debt if it is unable to refinance funds it borrowed to acquire the Coles Group last year. Chief financial officer Gene Tilbrook said at a presentation for investors and analysts that he was...
Cashing in while rival's off its trolley.
- 2007-07-10
Byline: Simon Evans Jul 10, 2007 (The Australian Financial Review - ABIX via COMTEX) -- Wesfarmers and Coles Group believe Woolworths is trying its hardest to destabilise their $A21bn merger. Wesfarmers has taken a unique opportunity to buy an Australia-wide chain of stores. Woolworths...
Woolies rubs salt into rival's wound.
- 2007-07-09
Byline: Richard Gluyas and Scott Murdoch Jul 09, 2007 (The Australian - ABIX via COMTEX) -- Analysts forecast Australian retailer Woolworths to issue like-for-like store sales data for the last quarter 2006-07 that will show growth of up to 8. The healthy figure would...
Why grocer revels in the wowser role.
- 2007-07-09
Byline: Stephen Bartholomeusz Jul 09, 2007 (The Sydney Morning Herald - ABIX via COMTEX) -- Woolworths may still become involved in the asset sale of rival Australian retailer Coles Group. Although conglomerate Wesfarmers is now in the box seat to acquire Coles, investors will...
Lame systems dog Coles.
- 2007-07-09
Byline: Ben Woodhead Jul 09, 2007 (The Australian - ABIX via COMTEX) -- IT is emerging as a major issue for conglomerate Wesfarmers in its planned acquisition of Australian retailer Coles Group. The latter has invested some $A800m during the four yeas to 2007...
Woolies still in Coles queue.
- 2007-07-08
Byline: Richard Gluyas Jul 08, 2007 (The Australian - ABIX via COMTEX) -- The Australian Competition & Consumer Commission has been approached by retailer Woolworths. The company wants the watchdog to vet a possible acquisition of some assets of major rival Coles Group. These...
Coles: please do better than copy Woolies.
- 2007-07-08
Byline: Sue Mitchell Jul 08, 2007 (The Australian Financial Review - ABIX via COMTEX) -- Coles Group could improve its business by adopting new retail trends rather than competing with its major rival. Coles' new owner, Wesfarmers, plans to seek ideas from the international...
Coles bid can't quite do the trick.
- 2007-07-02
Byline: Peter Wells Jul 02, 2007 (The Australian Financial Review - ABIX via COMTEX) -- The Australian sharemarket lost ground on 2 July 2007, with the S&P/ASX 200 falling 11.6 points to 6,263.3. The All Ordinaries Index retreated 12 points to close at 6,298.6....
Woolies puts takeover cash to work.
- 2007-07-02
Byline: Katherine Jimenez Jul 02, 2007 (The Australian - ABIX via COMTEX) -- Competition in Australia's grocery business is expected to intensify in the wake of Wesfarmers' $A22bn takeover of Coles Group. Rival Woolworths is believed to be ready to spend much of the...
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