Wesfarmers – What a turnaround it has been over the past 10 years

By Justin Still
Updated August 20 2018 - 1:06pm, first published 12:53pm
Wesfarmers – What a turnaround
Wesfarmers – What a turnaround

It’s hard to believe now, but if you look back 10 years, Wesfarmers was in all sorts of trouble when they paid a big price ($15bn) for Coles, funding the acquisition via debt to then see the onset of the GFC, where the company’s share price fell from a high at the time of $40 to $15 per share. The company was forced to do a heavily discounted capital raising in order to repair the balance sheet.

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