Bunnings UK has failed.
'The takeover has been so bad that Bunnings’ parent company Wesfarmers is considering pulling out of the UK. Wesfarmers managing director Rob Scott admitted that the management team made big mistakes, including sacking the entire Homebase senior management.'
Can it recover? Will we see price hikes in Australia to offset losses in the UK? Will there be a Masters inspired fire sale in the UK?
Share prices don’t look too bad but I don’t have a high-yield amg a200 so not a subject matter expert. https://www.google.com/search?q=ASX:WES
And who could forget the British accent bunnings ad https://www.youtube.com/watch?v=GPbKJOM-iis
https://www.triplem.com.au/news/national/bunnings-is-struggl…
https://www.smh.com.au/business/companies/it-was-never-going…
Clearly the Brits can't appreciate a good sausage sizzle.