Wesfarmers, the owners of Bunnings, are poised to take over Homebase in the UK, a huge chain of DIY & hardware retailers like themselves.

This is a positive move, as opposed to their usual strategy of expanding market share here.
Hopefully it brings home foreign profits and doesn't get shuttled off to the Cayman Islands.

http://www.smh.com.au/business/retail/bunnings-stores-set-to-roll-out-in-the-uk-after-700m-deal-20160113-gm5gqg.html

Good move, lets hope they succeed!

I saw a Harvey Norman store over there some years ago.

Some of the Big 4 banks

have lived to regret their expansion into the UK

& other locales overseas

bogarde73 wrote on Jan 14^th, 2016 at 9:32am:

Wesfarmers, the owners of Bunnings, are poised to take over Homebase in the UK, a huge chain of DIY & hardware retailers like themselves. This is a positive move, as opposed to their usual strategy of expanding market share here. Hopefully it brings home foreign profits and doesn't get shuttled off to the Cayman Islands. http://www.smh.com.au/business/retail/bunnings-stores-set-to-roll-out-in-the-uk-after-700m-deal-20160113-gm5gqg.html

Might bankrupt them if UK economy turns down sharply. They evidently believe there will be a spending splurge following recent floods. However, it depends on how much they paid and whether there is sustained profitability.

I suspect few foreign companies have succeeded in the UK market.

Yep they have, but I think they bought into already troubled banks in a troubled industry in the UK.
Retail hardware is probably a different proposition.

bogarde73 wrote on Jan 14^th, 2016 at 9:32am:

Wesfarmers, the owners of Bunnings, are poised to take over Homebase in the UK, a huge chain of DIY & hardware retailers like themselves. This is a positive move, as opposed to their usual strategy of expanding market share here. Hopefully it brings home foreign profits and doesn't get shuttled off to the Cayman Islands. http://www.smh.com.au/business/retail/bunnings-stores-set-to-roll-out-in-the-uk-after-700m-deal-20160113-gm5gqg.html

they only resell made in china stuff so what's the big deal about what they do ?

remember what happened to ABC learning centers when they tried to expand to fast into the US market !!

Sir lastnail wrote on Jan 14^th, 2016 at 11:25am:

bogarde73 wrote on Jan 14th, 2016 at 9:32am: Wesfarmers, the owners of Bunnings, are poised to take over Homebase in the UK, a huge chain of DIY & hardware retailers like themselves. This is a positive move, as opposed to their usual strategy of expanding market share here. Hopefully it brings home foreign profits and doesn't get shuttled off to the Cayman Islands. http://www.smh.com.au/business/retail/bunnings-stores-set-to-roll-out-in-the-uk-after-700m-deal-20160113-gm5gqg.html they only resell made in china stuff so what's the big deal about what they do ? remember what happened to ABC learning centers when they tried to expand to fast into the US market !!

Bunnings has an opportunity to corner the UK market for industrial grade Map of Tassie Merkins.

Bit harsh Sir Last Nail, at least its an Australian Company expanding instead of selling out

Well, WE have already started "the long collapse", But things are set to get a lot worse in 2016 & for "some time" to come.

So, the timing of Bunnings expanding overseas could be worse, BUT I can't think how!

red baron wrote on Jan 14^th, 2016 at 12:32pm:

Bit harsh Sir Last Nail, at least its an Australian Company expanding instead of selling out

Come on Baron ... an aussie company that only flogs cheap chinese shyte at an inflated price.