|Company name||Wesfarmers Limited|
|Company type||Public (Asx - WES)|
|Industry||Retailing, Industrial, Insurance, Energy|
|Headquarters||Perth, Western Australia|
|Key people||Bob Every, Chairman|
Richard Goyder, CEO
|Revenue||(+)A$54.87 billion (2011)|
|Operating income||(+)A$3.23 billion (2011)|
|Net income||(+)A$1.92 billion (2011)|
|Total assets||A$40.81 billion (2011)|
|Subsidiary||Bunnings Warehouse, Coles Supermarkets, Bi-Lo, Pick 'n Pay Hypermarket, Coles Express, Coles Central, Liquorland, Vintage Cellars, 1st Choice Liquor Superstore, Officeworks, Officeworks BusinessDirect, Harris Technology, Kmart, Kmart Tyre & Auto Service, Target, Pharmacy Direct, HouseWorks, Curragh Queensland Mining, Wesfarmers Premier Coal, Bengalla Mining Company*, WFI, Lumley Insurance, Lumley Special Vehicles, Lumley General Insurance (NZ), OAMPS Insurance Brokers, Crombie Lockwood (NZ), Lumley Finance, Monument Premium Funding, Koukia*, Blackwoods, Protector Alsafe, Bakers, Total Fasteners, Bullivants, Wesfarmers Industrial & Safety NZ, CSBP, Australian Gold Reagents*, Wesfarmers Kleenheat Gas, Unigas*, Wesfarmers Kleenheat Elpiji, Wesfarmers LPG, Coregas, Air Liquide WA*, Energy Generation, Gresham Partners Group*, Wespine Industries* |
* Joint ventures
Wesfarmers Limited (Asx - WES) is one of Australia’s largest public companies and one of Australia's largest retailers. Its headquarters are in Perth, Western Australia.
Wesfarmers is the largest private employer in Australia, with almost 200,000 employees across the country. Official records announced a record net profit of $1.05 billion for 2006 with operating costs of $8.9 billion (prior to the Coles Group takeover).
On 2 July 2007, Wesfarmers announced it was purchasing the Coles Group retail business for A$22 billion making it the largest successful take-over in Australian corporate history. Wesfarmers officially took control of Coles on 23 November 2007, after paying almost A$20 billion for the company.