I think this says a lot about the coming competition in groceries.
Time to get what they can now for coles as in a year or 2 with kaufland and amazon fresh on the scene it could be really struggling. Smart move overall, but it does show that coles is not confident going forward.
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- Ann: Intention to demerge Coles - Briefing Presentation
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Ann: Intention to demerge Coles - Briefing Presentation, page-10
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