However, the group is still thought to be in negotiations to acquire the Theo’s business in Queensland but the total purchase price is now expected to be considerably less than the A$300m first quoted.
AUSTRALIA: Coles Myer acquires Theo’s NSW stores
The retail group, Coles Myer, has acquired the New South Wales stores of the Theo's liquor store chain. The giant retail group had been linked with the acquisition of the Theo's businesses in both NSW and Queensland, for an estimated price tag of A$300m.
December 18, 2002