Wesfarmers to invade British hardware market

The move by Wesfarmers boss Richard Goyder to spend $700 million to get a foothold in the British home improvement market brings with it some geographical risk – given the record Australian companies have buying overseas assets.
But the size of the investment relative to the West Australian conglomerate’s $46 billion market capitalisation means he is not betting the farm and Wesfarmers’ experience and stellar track record in running Bunnings must mitigate much of the downside. Sydney Morning Herald – Read more…