This Month
Wesfarmers tests premium Priceline conversion with new Atomica brand
The retailing powerhouse sees an opportunity between cheap supermarket aisles and luxe chains like Mecca and Sephora. It will have five stores by July 1.
October 2024
Anchorage shops at Wesfarmers Health for new hire
Wesfarmers Health’s chief financial officer and private equity hotshot Ed Bostock is set to join Anchorage as a managing partner
July 2024
Architects buy Wesfarmers executive’s Cottesloe mansion
Wesfarmers heavyweight Ed Bostock has sold the family home in Cottesloe following his appointment as CFO of the conglomerate’s health division.
August 2023
Wesfarmers profit tops expectations, even in slowdown
Wesfarmers boss Rob Scott said the group’s largest divisions, Kmart Group and Bunnings, are perfectly placed to capture share in a tougher environment.
Rich Listers, Chemist Warehouse in ‘game changer’ pharmacy plan
Queenslanders Cathie Reid and Stuart Giles are teaming up with the retailing giant with the aim of building a “game changer” network of chemists inside hospitals.
July 2023
Why leaders with big egos worry Rob Scott the most
The Wesfarmers CEO started work as a sailing instructor. He went on to win an Olympic rowing medal, marry an Olympian and run a $56 billion company. Oh, and he wants his staff in the office.
June 2023
Wesfarmers and Woolworths healthcare forays trigger GP alarm
Wesfarmers and Woolworths are following global retailers into pharmacy and telehealth, fuelling cash-for-care concerns in the medical profession.
Rates, wages play havoc on Wesfarmers. Can it survive the storm?
Between the company’s investor day on Tuesday and the Fair Work Commission’s retail award decision on Friday, last week was a busy one.
May 2023
Wesfarmers bid for Silk Laser spoiled by Hong Kong minnow
Hong Kong-listed EC Healthcare has offered $3.35 all cash for Silk Laser Australia topping Wesfarmers’ offer of $3.15 cash per share.
April 2023
Silk Laser in $169m buyout talks with Wesfarmers’ API
The API parent will offer $3.15 a share for Silk Laser Australia and has the support of investor Wilson Asset Management.
December 2022
Woolworths makes further push into pharmacy
Just one day after announcing a half billion deal in the pet sector, the grocery giant has made a small move further into health and wellness.
Move over Amazon Prime, here comes Wesfarmers-Disney
The giants in retailing and streaming have come together in the OnePass loyalty program’s first outside partnership.
September 2022
New Wesfarmers health boss plans for growth
Emily Amos is just five months into the top job at what will one day be $10 billion division for the WA-based conglomerate.
August 2022
Wesfarmers names head of API after CEO steps down
The new boss of Wesfarmers’ health division is now in charge of its only asset: the drug wholesaler and owner of the Priceline chain.
March 2022
Wesfarmers taps Ed Bostock as new health unit CFO
After leading the company’s purchase of API, Mr Bostock will also help lead the integration of the conglomerate’s newest division.
Wesfarmers to test ‘cat-herding’ skills with API
Wesfarmers has finally won its eight-month campaign for control of Australian Pharmaceutical Industries. Now the real battle begins - winning the confidence of almost 1400 franchisees and independent pharmacists.
Wesfarmers courts API boss after snaring control
Richard Vincent will ensure continuity in the business after shareholders of the owner of Priceline Pharmacy backed the takeover by the WA-based conglomerate.
Investors Mutual votes yes at API, Wesfarmers win sealed
API’s larger shareholders have come around to the idea of Wesfarmers buying the company for $1.55 a share.
API’s early voters happy to take Wesfarmers’ offer
Australian Pharmaceutical Industries’ early voters are happy with the offer, despite an eleventh-hour push for a bump.
API investor seeks last-minute boost from Wesfarmers
Investors Mutual says the conglomerate’s $1.55 bid should include the fully franked special dividend.