Coles will enter a deal that will see it relinquish control of its pubs.On Monday, Coles said it had reached a deal with Australian Venue Co, owned by private equity firm KKR and pub titan Bruce Dixon, that will net it about $200 million.
AVC will run the pubs business and receive the revenue and profits from those operations, while Coles will run and receive the profits from its bottle shops. “The agreement with AVC will enable each party to bring relevant expertise to the joint venture," Coles chief executive Steven Cain said.
Source: News Formal (newsformal.com)
pwhatch I thought Coles had got rid of their pokies a few years ago. Disappointed that wasn't the case. This new deal sounds a bit dodgy too to me.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coles shedding 87 pubs in $200m dealColes is offloading management of its 87 pubs in a $200 million deal with private equity-controlled Austral... Is that a Halal move?
Source: 9NewsAUS - 🏆 10. / 72 Read more »
IGA plans $100m upgrades to take back ground lost to Coles, WooliesIndependent IGA supermarkets will spend $100 million modernising their stores after years under-investment left the network lagging behind major trends in retailing, according to their wholesaler Metcash. It will take more than upgrades, their prices are about 20 % higher than Coles/Woolworths. GOOOOOOOD LUCK 100 million is chump change to Coles n Myer brothers. But good on you little Ausy patriot. Your battle is a big mountain 15-25 year mountain. They probably need to present a point of difference not just in terms of price but also who they are as grocery chains. Maybe starting with what's on the shelf in terms of brands and product variety?
Source: smh - 🏆 6. / 80 Read more »
‘Never have I been so disgusted’A Coles customer says she has “never been so disgusted” after snapping a viral photo of what appears to be a baby formula express lane at her local supermarket. It's a FreeMarket, not sure what her problem is. - Complain about Chinese buying baby formula: OK - Complain about Chinese breeding us out: Absolutely haram! Coles is in danger of being swamped by Asians!
Source: newscomauHQ - 🏆 9. / 77 Read more »
Coles shedding 87 pubs in $200m dealColes is offloading management of its 87 pubs in a $200 million deal with private equity-controlled Austral... Is that a Halal move?
Source: 9NewsAUS - 🏆 10. / 72 Read more »
IGA plans $100m upgrades to take back ground lost to Coles, WooliesIndependent IGA supermarkets will spend $100 million modernising their stores after years under-investment left the network lagging behind major trends in retailing, according to their wholesaler Metcash. It will take more than upgrades, their prices are about 20 % higher than Coles/Woolworths. GOOOOOOOD LUCK 100 million is chump change to Coles n Myer brothers. But good on you little Ausy patriot. Your battle is a big mountain 15-25 year mountain. They probably need to present a point of difference not just in terms of price but also who they are as grocery chains. Maybe starting with what's on the shelf in terms of brands and product variety?
Source: smh - 🏆 6. / 80 Read more »
US and South Korea cancel large-scale joint military exercisesThe move is aimed at reducing tensions on the Korean peninsula and resolving the North Korean nuclear crisis. Saved us several hundred million dollars, about 50 miles of wall we can build on the southern border. Of course ! The difference between no cajones & cajones sorry Barack.
Source: abcnews - 🏆 5. / 83 Read more »
US, South Korea to end key joint military exercisesSouth Korea has announced that talks with the US have resulted in the ending of its joint military exercises. kim asked for mac donald's free supply, request was denied, kim got angry Rs Thank you President Trump. On whose favor
Source: SBSNews - 🏆 3. / 89 Read more »
Two injured after allegedly being hit by car outside Adelaide pubA man who intervened in a domestic dispute was hit twice by the same car, while a woman was also struck by the vehicle and injured, outside a pub in Adelaide this morning, police say. the car was autonomous? Why was it without a pilot?
Source: abcnews - 🏆 5. / 83 Read more »
News Adelaide: Couple drives at crowd near Adelaide pubA couple who were fighting at a pub have been charged after allegedly driving into a group of people who tried to intervene. 9News The ‘ only in Adelaide ‘ files People are getting more and more selfish and crazy or it's just me who can't understand behaviour anymore?!
Source: 9NewsAUS - 🏆 10. / 72 Read more »