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Coles Supermarkets Australia Pty. Ltd., doing business as Coles, is an Australian supermarket, retail and consumer services chain, headquartered in Melbourne as part of Coles Group. Founded in 1914 in the suburb of Collingwood by Sir George Coles , the company currently operates 846 [ 3 ] supermarkets throughout Australia, including several now ...
On 13 March 2006, Coles Myer announced it would sell Myer to a consortium controlled by US private equity group Newbridge Capital. The consortium also included the Myer family, who held a 5% stake. The sale was completed for A$1.4 bn on 2 June 2006. [15] Coles Myer changed its name to "Coles Group Limited" in November 2006. [16]
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