Wesfarmers to spin off Australian supermarket chain Coles into separate company
Retail industry news : Australian supermarket chain Coles Supermarkets is all set to be spun off from its parent company Wesfarmers into a new $18 billion independent company listed on the Australian Securities Exchange (ASX). Wesfarmers is expected to retain a stake of 20% in Coles following the demerger, according to reports. The decision comes […]