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2026 Who Brands. All information is provided for educational purposes. Brand names and logos are trademarks of their respective owners.

  1. Home
  2. Brands
  3. Retail & E-commerce
  4. Coles Group
Coles Group logo
Retail & E-commerce

Who Owns Coles Group?

Coles Group is owned by Coles Group Limited, a publicly traded Australian company listed on the Australian Securities Exchange (ASX) under ticker COL. Founded in 1914 by George Coles in Collingwood, Melbourne, Coles was spun off from Wesfarmers in 2018 and operates independently. Coles Group operates over 800 supermarkets, 900 liquor outlets, and 700 convenience stores across Australia, serving millions of customers weekly. CEO Leah Weckert has led the company since 2023. Coles Group reported approximately A$43 billion in revenue in fiscal year 2025.

Parent Company

Coles Group Limited

Founded

1914

Status

Publicly Traded

Headquarters

Melbourne, Victoria, Australia

mid rangemass marketAsia PacificOfficial Website

Who Owns Coles Group?

  • Parent Company: Coles Group Limited
  • Ownership Type: Wholly owned
  • Company Type: Publicly Traded
  • Stock Ticker: ASX: COL
BrandParent CompanyOwnership Type
Coles GroupColes Group LimitedWholly owned

History of Coles Group

  • Founded: 1914
  • Founders: George Coles

Coles Group traces its origins to 1914 when George Coles opened his first variety store in Collingwood, Melbourne. Coles sold a range of goods at low prices, following the model of American variety stores. The business expanded throughout the 1920s and 1930s, opening stores across Victoria and other Australian states.

In the 1960s, Coles transitioned from variety stores to supermarkets. The first Coles supermarket opened in 1960 in Balwyn, Melbourne. This shift reflected changing consumer preferences and the growth of self-service retail. Coles became one of Australia's two dominant supermarket chains alongside Woolworths, a position the two companies maintain today.

The company underwent significant transformation in the 1970s and 1980s. Coles expanded its grocery retail presence, acquired liquor retailers, and diversified into department stores with the acquisition of Myer. In 1985, Coles merged with Myer to form Coles Myer Limited, creating Australia's largest retailer at the time.

In 2007, Wesfarmers acquired Coles Group for approximately A$20 billion. Wesfarmers invested in modernizing stores, supply chains, and operations. Under Wesfarmers ownership, Coles underwent major transformation including new store formats, enhanced fresh food offerings, and improved customer experience. The investment helped Coles improve its competitive position against Woolworths.

In November 2018, Wesfarmers spun off Coles Group as an independent publicly traded company. The demerger allowed Coles to focus on its specific market and competitive dynamics. Since the spin-off, Coles has invested in digital capabilities, private label products, and customer loyalty programs. The company partnered with Ocado for automated fulfillment centers to support its online grocery delivery business.

In 2024 and 2025, Coles faced regulatory scrutiny from the Australian Competition and Consumer Commission (ACCC) regarding pricing practices. The ACCC alleged that Coles engaged in misleading pricing through its "Down Down" promotions. Coles admitted in court to pressuring suppliers amid the pricing controversy. The case had implications for pricing practices across the Australian supermarket sector.

As of 2026, Coles Group continues to operate as one of Australia's two dominant supermarket chains. The company serves millions of customers weekly through its network of over 800 supermarkets, 900 liquor outlets, and 700 convenience stores across Australia.

About Coles Group Limited

Is Coles Group publicly traded?
Yes, Coles Group Limited trades on the Australian Securities Exchange under the ticker symbol COL. The company became an independent public entity following its spin-off from Wesfarmers in November 2018. It is a constituent of the S&P/ASX 20 index.

Who owns Coles Group?
Coles Group is owned by its shareholders. The company has more than 400,000 shareholders, including institutional investors (such as BlackRock and Vanguard), Australian superannuation funds, and individual investors. No single shareholder has a controlling stake.

When was Coles Group founded?
The current corporate entity, Coles Group Limited, was created in 2018 when Wesfarmers spun off its supermarket and retail operations. The original Coles business was founded in 1914 by George Coles in Collingwood, Victoria.

What is Coles Group's annual revenue?
For FY2025 (52 weeks to 29 June 2025), Coles Group reported total sales revenue of AUD 44,352 million, up 1.8% from AUD 43,571 million in FY2024. On a normalised 52-week basis, sales growth was 3.6%.

How many stores does Coles Group operate?
As of 29 June 2025, Coles Group operates 862 supermarkets and 998 liquor stores across Australia. The liquor stores operate under the Liquorland, First Choice Liquor, and Vintage Cellars brands.

How many people does Coles Group employ?
Coles Group employs more than 115,000 team members across its supermarket, liquor, and corporate operations. The company is one of Australia's largest private sector employers.

Who is the CEO of Coles Group?
Leah Weckert serves as Chief Executive Officer of Coles Group. She leads the company's executive team from its headquarters in Melbourne, Victoria.

What is Coles Group's market share?
Coles Group holds approximately 27-28% of the Australian grocery market. Its primary competitor, Woolworths, holds approximately 37-38%. Aldi holds approximately 12%, with the remainder held by independent retailers and Costco.

Does Coles Group pay dividends?
Yes, Coles Group pays fully franked dividends. For FY2025, the company declared total dividends of 69.0 cents per share, returning more than AUD 925 million to shareholders. The final dividend was 32.0 cents per share.

  • Founded: 2018
  • Headquarters: Melbourne, Victoria, Australia
  • Company Type: Publicly Traded
  • Stock: ASX: COL
  • Revenue: AUD 44.4 billion (FY2025)
  • Employees: More than 115,000

Visit Coles Group Limited website

View full company profile for Coles Group Limited

Where Is Coles Group Made / Based?

  • Headquarters: Melbourne, Victoria, Australia

Coles Group Categories & Tags

SupermarketGroceryRetailAustralian RetailFood Retail

Coles Group Sustainability & Ethics

Coles Group has committed to achieving net zero emissions by 2050. The company plans to power the entire Coles Group with fully renewable energy by 2025. Coles aims to reduce combined Scope 1 and Scope 2 greenhouse gas emissions by more than 75% by 2030. The company has signed renewable power purchase agreements and invested in onsite solar installations.

Coles implements sustainable sourcing practices across its supply chain, working with over 8,000 suppliers. The company emphasizes responsible sourcing, transparency, and collaboration with suppliers to improve environmental outcomes. Sustainable sourcing initiatives focus on seafood sustainability, responsible palm oil sourcing, and animal welfare standards.

Coles drives circular economy activities through waste reduction programs, packaging innovation, and food waste initiatives. The company partners with OzHarvest and SecondBite to redirect surplus food to people in need. Coles' partnership with SecondBite has delivered millions of equivalent meals to Australians in need.

The company maintains ethical labor practices across its operations and supply chain. Coles publishes a Modern Slavery Statement and maintains a Supplier Code of Conduct. The company has faced scrutiny regarding labor practices, working conditions, and employment policies, particularly regarding wage rates and working hours for retail staff.

Awards & Recognition

Coles Group received recognition for its supplier partnerships and sustainability initiatives through its annual Supplier Partner Awards. The 2024 awards, held on October 17, 2024, recognized outstanding suppliers across multiple categories:

  • Product Launch of the Year: Arnott's Group, for Tim Tam inspired by Jatz crackers
  • Fresh Supplier of the Year: Rock Ridge Fresh, for year-round fresh produce supply
  • Community Champion of the Year: Mondelez, for supporting SecondBite and FightMND
  • Sustainability Supplier of the Year: Hewitt Foods, for water conservation and biodiversity research
  • Supply Chain Partner of the Year: TMX and Accenture, for automated distribution projects
  • Digital Commerce Partner of the Year: PepsiCo, for integrated online shopping experiences
  • Grocery Supplier of the Year: Coca-Cola Europacific Partners, for category growth

Coles Group Recalls & Controversies

Coles Group has faced several significant controversies, particularly related to pricing practices and supplier relations.

In February 2026, the ACCC took Coles to federal court, alleging the supermarket offered misleading discounts through its "Down Down" promotions. The ACCC argued Coles breached the law by offering illusory discounts on many products. Coles admitted in court to pressuring suppliers amid the pricing controversy. The court case revealed evidence of Coles exerting pressure on suppliers, raising concerns about the retailer's market power. Woolworths faced similar court challenges over comparable allegations.

Coles and Woolworths control approximately two-thirds of the Australian grocery market. This concentration has led to ongoing scrutiny from regulators and consumer advocates about market concentration and its impact on competition and pricing. The Australian government has conducted inquiries into supermarket pricing and competition, reflecting broader public concern about grocery affordability.

The pricing controversies damaged consumer trust in Coles, particularly regarding the authenticity of promotional pricing. The company faced criticism for not adequately rebuilding trust after the pricing practices were exposed.

Coles operates under intense regulatory scrutiny from the ACCC and other government bodies. The company has also faced scrutiny regarding labor practices, working conditions, and employment policies. As one of Australia's most visible companies, Coles faces high community expectations regarding ethical business practices and corporate responsibility.

Coles Group Ownership: Pros & Cons

Advantages

  • +Strong market position in Australian grocery retail with over 800 supermarkets
  • +Extensive retail network and distribution infrastructure across all Australian states
  • +Significant brand recognition and customer loyalty through Flybuys program
  • +Diversified retail formats serving different shopping occasions
  • +Strong private label product portfolio under the Coles brand

Considerations

  • -Intense competition from Woolworths and discount retailers like Aldi
  • -Regulatory scrutiny from ACCC regarding pricing practices and supplier relations
  • -Exposure to consumer spending patterns and economic conditions
  • -Pressure on margins from competitive pricing environment
  • -Supply chain complexity and food waste management challenges

Frequently Asked Questions About Coles Group

Sources & Further Reading

  • Coles Group Official Website
  • Coles Group Investor Relations
  • ASX: Coles Group (COL)
  • ACCC v Coles Court Case Information
  • Coles Sustainability Report
  • Coles Supplier Partner Awards 2024
  • SecondBite Food Rescue Partnership
  • OzHarvest Food Rescue Partnership
  • Australian Competition and Consumer Commission
  • Coles Group Limited Annual Report 2025

Competitors to Coles Group

These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.

BrandParent CompanyCountryFoundedMarket PositionPrimary MarketGender Target
Woolworths AustraliaWoolworths Australia
Woolworths Group
Australia
1924
Mass marketAustraliaAll-ages
LoblawsLoblaws
George Weston Limited
Canada
1919
Mass marketCanadaAll-ages
SobeysSobeys
Empire Company
Canada
1907
Mass marketCanadaAll Genders
AsdaAsda
Issa Brothers
United Kingdom
1949
Mass marketUnited kingdomAll-ages
Whole Foods MarketWhole Foods Market
Amazon
United States
1980
Mass marketUnited statesAll Genders
AldiAldi
Aldi Sud
Germany
1946
Mass marketGlobalUnisex

Learn More About Competitors

Woolworths AustraliaRetail Ecommerce

Woolworths Australia

Owned by Woolworths Group Limited

Australia's largest supermarket chain, operating over 1,000 stores across the country. Owned by Woolworths Group Limited (ASX: WOW). Known for grocery retail, fresh food, and private label products.

supermarketgroceryretail
LoblawsRetail Ecommerce

Loblaws

Owned by George Weston Limited

Canadian grocery retailer and flagship banner of Loblaw Companies Limited, Canada's largest food retailer with over 2,500 stores nationwide.

supermarketgroceryretail
SobeysRetail Ecommerce

Sobeys

Owned by Empire Company Limited

Canadian national supermarket chain with over 1,500 stores, owned by Empire Company Limited (TSX: EMP.A).

supermarketgroceryretail
AsdaRetail Ecommerce

Asda

Owned by EG Group

British supermarket chain offering groceries, clothing, and general merchandise, owned by TDR Capital and the Issa brothers since 2021.

supermarketgroceryretail
Whole Foods MarketRetail Ecommerce

Whole Foods Market

Owned by Amazon.com Inc.

American supermarket chain specializing in organic, natural, and specialty foods with a focus on sustainable and ethical sourcing practices. Owned by Amazon.com Inc.

groceryorganic-foodretail
AldiRetail Ecommerce

Aldi

Owned by ALDI SÜD

German discount supermarket chain operating in 20+ countries under two separate privately held entities, ALDI SÜD and ALDI NORD, both owned by the Albrecht family.

supermarketdiscount-retailgrocery

Competitive Analysis

Market Positioning: Coles Group competes with 6 brands in the same categories, ranging from mass market to luxury positioning.

Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.

Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.

Independent Alternatives to Coles Group

Looking for brands with different ownership structures? These similar brands are not owned by Coles Group Limited, giving you alternative choices that support different corporate structures.

AsdaRetail Ecommerce

Asda

Owned by EG Group

British supermarket chain offering groceries, clothing, and general merchandise, owned by TDR Capital and the Issa brothers since 2021.

supermarketgroceryretail
Privately Owned

Asda is privately owned, unlike Coles Group which is under a publicly traded parent company.

JoannRetail Ecommerce

Joann

Owned by Joann Inc.

American fabric and craft supplies retailer offering sewing, quilting, and DIY materials and supplies.

fabriccraftssewing
Privately Owned

Joann is privately owned, unlike Coles Group which is under a publicly traded parent company.

AldiRetail Ecommerce

Aldi

Owned by ALDI SÜD

German discount supermarket chain operating in 20+ countries under two separate privately held entities, ALDI SÜD and ALDI NORD, both owned by the Albrecht family.

supermarketdiscount-retailgrocery
Privately Owned

Aldi is privately owned, unlike Coles Group which is under a publicly traded parent company.

Sprouts Farmers MarketRetail Ecommerce

Sprouts Farmers Market

Owned by Sprouts Farmers Market, Inc.

American natural and organic grocery retailer with over 430 stores across 24 states. Publicly traded on NASDAQ as SFM.

organicnatural-foodsgrocery
Publicly Traded

Sprouts Farmers Market operates independently without a large parent corporation.

Trader Joe'sRetail Ecommerce

Trader Joe's

Owned by ALDI SÜD

American grocery retail brand known for specialty foods and private-label products owned by Aldi.

groceryretailspecialty-foods
Privately Owned

Trader Joe's is privately owned, unlike Coles Group which is under a publicly traded parent company.

Family DollarRetail Ecommerce

Family Dollar

Owned by Family Dollar

American discount variety store chain offering affordable household items, merchandise, and general goods. Founded in 1959, Family Dollar operates approximately 7,100 stores across the United States. Sold by Dollar Tree in July 2025 to Brigade Capital Management and Macellum Capital Management.

discount-retailvariety-storemerchandise
Privately Owned

Family Dollar is privately owned, unlike Coles Group which is under a publicly traded parent company.

Coles Group Limited Stock Information

Jobs at Coles Group Limited

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Last reviewed: August 1, 2026 · Reviewed by Who Brands Editorial Team