
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
Founded
1914
Status
Publicly Traded
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Coles Group | Coles Group Limited | Wholly owned |
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.
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.
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.
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:
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.
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Woolworths Group | Australia | 1924 | Mass market | Australia | All-ages | |
| George Weston Limited | Canada | 1919 | Mass market | Canada | All-ages | |
| Empire Company | Canada | 1907 | Mass market | Canada | All Genders | |
| Issa Brothers | United Kingdom | 1949 | Mass market | United kingdom | All-ages | |
| Amazon | United States | 1980 | Mass market | United states | All Genders | |
| Aldi Sud | Germany | 1946 | Mass market | Global | Unisex |
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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.
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