Ann: Intention to demerge Coles - Briefing Presentation, page-6

Demergers can be beneficial for separate entities to have greater control of their businesses. Nuts of course to compare Coles to Myer, everyone has to eat and I don’t see people switching on mass to online deliveries outside the majors!

Will be happy to retain Coles and Bunnings etc in separate business, this will likely realise greater capital growth for both. Who knows, maybe Bunnings will be the next to demerger off Wesfarmers in the next few years?

Now that’s a stock I would love to have in a separate business!!