Spielwarenmesse: Australia: Wesfarmers is set to buy online retailer Catch

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Australia: Wesfarmers is set to buy online retailer Catch

12. June 2019 09:30 h

By toyhobbyretailer.com.au

  • As reported by Business News Australia, retail giant, Wesfarmers is set to buy online retailer, Catch, for a tidy sum of $230 million.

Subject to ACCC approval, the merger will see Wesfarmers venture into unfamiliar eCommerce, pure-play territory.

Under the deal, Catch Group will operate independently of Wesfarmers' other businesses – Bunnings, Target, Kmart and OfficeWorks – but will be overseen by Kmart Group MD, Ian Bailey.

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