Who is Steven Cain?
Youngest ever CEO of a FTSE 100 Company and former director of Metcash, Coles, Asda, Pacific Equity Partners and ITV. Entrepreneurial leader who has successfully grown shareholder value in multi billion dollar retail and media companies in both the UK and Australia.
How much does the CEO of Coles make?
The documentation for Coles’ spin-off from Wesfarmers reveals that the new CEO, Steve Cain, will be paid a $3.9 million signing on bonus in addition to his base salary of $2.1 million and up to $3.5 million in other bonuses — in recognition of payments he lost when he jumped ship from smaller rival, Metcash, earlier …
Who is the owner of Coles Group?
On 2 July 2007, Western Australian based company Wesfarmers agreed to purchase Coles Group Limited for A$22 billion.
Is Coles owned by Australia?
Coles Group Limited is an Australian public company operating several retail chains. … Since its foundation in Collingwood, Victoria in 1914, Coles has grown to become the second-largest retailer in Australia after its principal rival Woolworths in terms of revenue. Formerly known as Coles Myer Ltd.
Who is the CEO of Woolworths?
Bradford Banducci (Feb 26, 2016–)
How many Coles stores are in Australia?
Coles Supermarkets is a national full service supermarket retailer operating more than 800 stores across Australia.
How much does Woolworths CEO earn?
In FY19, Banducci received $974,000 in cash short-term incentives of a target $1.3 million, although the vesting of more than $2.1 million in deferred short-term bonuses and $6.9 million in long-term bonuses pushed his total remuneration to $12.6 million.
What does a Coles store manager earn?
The typical Coles Store Manager salary is $112,132. Store Manager salaries at Coles can range from $57,347 – $168,180.
How much does Coles make a year?
Coles Group supermarkets recognized a total sales revenue of 38.17 billion Australian dollars during the 2019 financial year. Although this represents a slight decrease from the 2018 financial year, the company’s revenue has remained largely around this level since 2015.
Is Bunnings owned by Coles?
The Bunnings DIY chain is owned by ASX-listed Wesfarmers, which last November spun off supermarket group Coles into a seperately-listed entity.
Is Aldi Australian owned?
The German chain Aldi opened its first Australian store in Sydney in 2001 and by 2004 had 54 stores across the eastern states. … Aldi was founded by brothers Karl and Theo Albrecht in 1946 when they took over their mother’s store in Essen, Germany. The store had been in operation since 1913.
Is Target Australian owned?
Target Australia (formerly Lindsay’s and later Lindsay’s Target) is a mid-price department store chain owned by the Kmart Group division of Australian retail conglomerate Wesfarmers. It is Australia’s largest department store chain by store number, operating 275 stores throughout the country.
Is Target owned by Coles?
In late 2006, the group name changed to Coles Group Ltd after the divestment of Myer, and in November 2007, Target was acquired by Wesfarmers as part of the Wesfarmers acquisition of Coles Group Limited.
What country owns Woolworths?
Woolworths (colloquially “Woolies”) is an Australian chain of supermarkets and grocery stores owned by Woolworths Group. Founded in 1924, Woolworths today is Australia’s biggest supermarket chain with a market share of 33% as of 2019.
Is Bunnings Australian owned?
Bunnings Group, trading as Bunnings Warehouse, is an Australian household hardware chain. The chain has been owned by Wesfarmers since 1994, and has stores in Australia and New Zealand. … Bunnings began to expand into other states in the 1990s, and opened its first warehouse-style store in Melbourne in 1994.