Wesfarmers takes another slice of Australian retail

WESFARMERS, which owns Coles and central Queensland's Curragh mine among other assets, will be allowed to take over the owner of classic Australian clothes brand King Gee.

The Australian Competition and Consumer Commission on Thursday announced it would not oppose Wesfarmers' proposed takeover of Pacific Brands' The Workwear Group.

Workwear owns retail outlets across the country, and the clothes brands King Gee, Hard Yakka and Stubbies, and the takeover would pit Wesfarmers' Kmart and Bunnings against its competitor Pacific Brands.

ACCC chairman Rod Sims said Wesfarmers would still be forced to compete with existing retailers and actual and "potential" imports from Asia in the work wear market.

Mr Sims said a public review run by the competition regulator found that "brand loyalty" to the work wear brands had diminished in recent years.


Topics:  retail wesfarmers

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Kilcoy gets a run at history

HONOURED: Somerset's Matthew Heck will carry the Queens Baton through Kilcoy next Tuesday.

Queen's Baton Relay celebrations to hit town next week.

Rain gives a boost to prices

ON THE RISE: Recent rain in the state is driving demand for cattle.

Cattle prices recover from last year's fall

Have you seen the car connected to a Laidley robbery?

Police are appealing for information on a break and enter of the QN Hotel in Laidley.

If you know anything contact police or Crime Stoppers.

Local Partners