Wesfarmers Limited is an Australian conglomerate, headquartered in Perth, Western Australia.
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15 Facts About Wesfarmers
2.
Wesfarmers was founded in 1914 as a co-operative to provide services and merchandise to Western Australian farmers.
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3.
In 1949, Wesfarmers acquired Ashburton Transport, which at the time was lossmaking.
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4.
In 2001, Wesfarmers become a freely-traded publicly listed company with open ownership.
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5.
In January 2016, Home Retail Group accepted an offer from Wesfarmers to acquire the British home improvement retailer and garden centre Homebase.
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6.
In February 2016, Wesfarmers announced a restructure of its department store businesses into a single division named Department Stores, with each brand continuing to operate independently.
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7.
Kmart Tyre and Auto is no longer a part of Kmart after parent Wesfarmers sold the auto division to German company Continental AG.
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8.
In 2014, Wesfarmers was forced to write-down the value of Target by $680 million because of a fall in the company's profits.
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9.
Wesfarmers is one step closer in acquiring Australian Pharmaceutical Industries after the shareholder approval on 17th March 2022.
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10.
On 30 June 2014, Wesfarmers completed the sale of its insurance underwriting operations, including the WFI and Lumley brands, to the Insurance Australia Group.
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11.
On 2 July 2007, Wesfarmers announced it was purchasing the Coles Group retail business for $22 billion making it the largest successful take-over in Australian corporate history.
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12.
Wesfarmers took control of Coles on 23 November 2007, after paying almost $20 billion for the company.
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13.
Wesfarmers Resources owned and operated open-cut coal producing resources in Australia including the Curragh in Queensland.
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14.
Wesfarmers divested its coal business, completing the process with the sale of its 40 per cent interest in the Bengalla Joint Venture to New Hope Corporation for $860 million on 3 December 2018.
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15.
In 1950 Wesfarmers purchased the Gascoyne Trading Company, growing it to become the largest transport operator in Western Australia.
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