Invest
Big new push for ASX-listed retail giant
In good news for investors, Wesfarmers Limited has announced the purchase of Catch Group for $230 million.

Big new push for ASX-listed retail giant
In good news for investors, Wesfarmers Limited has announced the purchase of Catch Group for $230 million.

Wesfarmers has announced the purchase of digital retailer Catch Group for $230 million. Other big names in its group include Kmart and Target.
The company, which demerged from Coles in 2018, stated that Catch would run independent of all other brands but would report to Kmart managing director Ian Bailey.
Wesfarmer managing director Rob Scott said the acquisition is consistent with the company’s focus on building its data and digital capacities.
“This acquisition represents an opportunity to accelerate Wesfarmers and Kmart Group’s digital and e-commerce capabilities whilst continuing to invest in the unique customer and supplier proposition provided by Catch Group,” said Mr Scott in a statement to the ASX.
Kmart Group’s managing director, Ian Bailey, believes Catch was built on its technology platform and data capabilities.
“We are excited to work with the Catch team and look forward to leveraging our capabilities to grow the business and accelerate the customer-driven, omni-channel initiatives across Kmart and Target,” said Mr Bailey.
Catch Group managing director and CEO Nati Harpaz said the Catch team is looking forward to working with Kmart Group for the benefit of Catch’s business partners and customers.
“Catch will continue to deliver online innovation in the online market in Australia, with the focus of delivering great value and savings to our customers,” said Mr Harpaz.
Approval of the deal is subject to the Australian Competition and Consumer Commission clearing the merger.
This email address is being protected from spambots. You need JavaScript enabled to view it.
About the author

About the author


Stock market
‘Skinny rally’ can’t continue: Bell
Bell Asset Management CIO Ned Bell believes that market darling large-cap companies are in for a reckoning as the global economy reopens for business. ...Read more

Stock market
Vaccine rollout to boost underperforming stock in 2021
The rollout of the COVID-19 vaccine is tipped to be a greater stimulus than the massive fiscal response, with shares that have underperformed during the pandemic set to soar in 2021, an industry exper...Read more

Stock market
US lawmakers quiz key GameStop players
Notorious retail investor Keith Gill is facing a grilling from the US congress and the possibility of a class action lawsuit due to his alleged part in the GameStop saga, with policymakers convinced h...Read more

Stock market
Facebook’s news ban feared to have implications for the sharemarket
Facebook’s move to restrict the sharing and viewing of news in Australia could have huge implications for the sharemarket, an expert has said, as Treasurer Josh Frydenberg readies himself for anothe...Read more

Stock market
Stock market bubble fears overblown: Vanguard
Fears of a stock market bubble are “overblown” despite equity markets around the world closing in on all-time highs, an industry analyst states. ...Read more

Stock market
Experts blast Treasurer’s plan to permanently ease disclosure laws
Sharemarket disclosure laws could be permanently relaxed as the Treasurer looks to shield businesses from disgruntled shareholders, but legal experts have labelled Frydenberg’s reasoning “madness...Read more

Stock market
Is your portfolio climate change ready?
The vast majority of investors believe climate change will have an impact on their portfolio, yet not all investors are readying their asset allocation to take advantage of a net zero world, new resea...Read more

Stock market
Sharemarket penalises mining firms abusing human rights
The sharemarket has been a powerful tool in holding to account mining companies engaged in human rights violations, but informational campaigns by civil society groups and the media are the real aware...Read more

Stock market
‘Skinny rally’ can’t continue: Bell
Bell Asset Management CIO Ned Bell believes that market darling large-cap companies are in for a reckoning as the global economy reopens for business. ...Read more

Stock market
Vaccine rollout to boost underperforming stock in 2021
The rollout of the COVID-19 vaccine is tipped to be a greater stimulus than the massive fiscal response, with shares that have underperformed during the pandemic set to soar in 2021, an industry exper...Read more

Stock market
US lawmakers quiz key GameStop players
Notorious retail investor Keith Gill is facing a grilling from the US congress and the possibility of a class action lawsuit due to his alleged part in the GameStop saga, with policymakers convinced h...Read more

Stock market
Facebook’s news ban feared to have implications for the sharemarket
Facebook’s move to restrict the sharing and viewing of news in Australia could have huge implications for the sharemarket, an expert has said, as Treasurer Josh Frydenberg readies himself for anothe...Read more

Stock market
Stock market bubble fears overblown: Vanguard
Fears of a stock market bubble are “overblown” despite equity markets around the world closing in on all-time highs, an industry analyst states. ...Read more

Stock market
Experts blast Treasurer’s plan to permanently ease disclosure laws
Sharemarket disclosure laws could be permanently relaxed as the Treasurer looks to shield businesses from disgruntled shareholders, but legal experts have labelled Frydenberg’s reasoning “madness...Read more

Stock market
Is your portfolio climate change ready?
The vast majority of investors believe climate change will have an impact on their portfolio, yet not all investors are readying their asset allocation to take advantage of a net zero world, new resea...Read more

Stock market
Sharemarket penalises mining firms abusing human rights
The sharemarket has been a powerful tool in holding to account mining companies engaged in human rights violations, but informational campaigns by civil society groups and the media are the real aware...Read more