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What is happening with the take over wars? Some call it monopoly, but in reality a monopoly is just a patent. A patent is the result of innovation and inventiveness. A monopoly in business is a different thing. It is what Microsoft tried to do in computing before Sun came on teh scene.

 

 

Mitre 10 Solutions store with the older Mitre 10 logo in Wagga Wagga, New South Wales

Mitre 10 MEGA and Trade Centre Pakenham, Victoria

The move to set up a co-operative group of hardware stores, originated from a meeting held in Victoria, June 1959, with five men who would become Mitre 10's founding fathers — Tom Molomby, Tom Danaher, Reg Buchanan, Jack Womersley and Ian Nisbet. The meeting was held in the Mitre Tavern, and the group eventually hoped to build things up to ten stores, so they decided to call the company Mitre 10.[7] This move occurred specifically to maximise funds and energy with regards to advertising and promotions and to demonstrate that independent operators offered service, advice and competitive prices.

The new company soon expanded operations, with fifteen New South Wales members joining the group by February 1961. Queensland soon followed with seven retailers, under the chairmanship of Arthur Scurr, joining the cooperative in January 1962, followed by a further sixteen members from Newcastle in October the same year. With the company successfully operational in the three Eastern states by the end of 1962 and South Australia and Western Australia soon running their own state based co-operatives, attentions turned to crossing the Tasman.[8]

I

In 2004 Mitre 10 opened its first "destination hardware, or "Big-box" chain at Hastings, New Zealand in February 2004,[9] the first Australian Mega open June 2004 at Beenleigh, Queensland.[10]

In late 2008 Woolworths Limited and Mitre 10 were in talks of to acquire the company. The Australian Financial Review reported Mitre 10 had held talks with other companies since beginning to find a major buyer or investor, although in early 2009 Woolworths decided the company structure was too complex for a takeover. Mitre 10 is believed to be in talks with Metcash Trading, supplier of IGA and various liquor stores, analysts say Metcash had been on lookout for a ‘fourth pillar’ for some time to add to its operations, and that Mitre 10 may be perfect.[11]

In late 2009 Mitre 10 announced that they were searching for a major investment or buyer, on 27 November, Metcash (ASXMTS

 
) released a statement to the ASX with a proposal for Metcash to take 50.1% in the Mitre 10 Hardware Group for A$55 million cash injection. Mitre 10 members will vote on March 2010, the deal will give Metcash the right to buy the remaining 49.9% in the company at the end of 2013 or 2013 with an amount based on the earnings. Mitre 10 will remain a standalone entity headed by Mark Burrowes. In March 2010 98% of Mitre 10 shareholders voted in favour of the Metcash bid.[12]

[edit] New Zealand

After initial early discussions in Auckland, Mitre 10 New Zealand was established on 20 June 1974.[13] In New Zealand Mitre 10's current logos were implemented in 2003. New Zealand chose to retain the colours from the previous logo (i.e. orange, yellow and blue) while Mitre 10 Australia chose to move to a white and blue application. In March 2010, as Mitre 10 Australia was going through the Metcash purchase, there was a structural change in the holding company which owned the Mitre 10 brand for both Australia and New Zealand. Mitre 10 New Zealand chose to purchase the Mitre 10 brand for New Zealand thereby securing the brand's future in New Zealand.[14]


Mitre 10 is the trading name of two retail and trade hardware store chains, one of over 700 locations throughout of Australia, and a now-separate chain of 110 in New Zealand. Both the Australian and New Zealand operations are based on a co-operative system where the store owners are members of the national group and each has voting rights. The chain name references the mitre joint, but was inspired by the Mitre Tavern in Melbourne.[3]

In 2008 Mitre 10 was named the number 1 most trusted retail brand in New Zealand by the New Zealand edition of Reader's Digest, and 20th overall, Bunnings Warehouse came in at 61st. Mitre 10 came 17th overall in the 2007 survey.[4][5][6]


Mitre 10 Hardware Group
Type Public Unlisted Company
Industry Retail/Trade Building supplies
Founded Melbourne, Victoria, Australia
Founder(s) Tom Molomby
Tom Danaher
Reg Buchanan
Jack Womersley
Ian Nisbet
Headquarters Melbourne, Australia
Auckland, New Zealand
Area served Australia
New Zealand
Key people Australia
Mark Laidlaw, CEO
New Zealand
Craig Wilson, C.E.O.
Products Timber
Hardware
Housewares
Retail/Trade Plumbing
Farm fencing products
Trade Electrical supplies
Hand and Power Tools
Kitchen and Bathroom
Paint
Garden and Outdoor products
Revenue increase A$1.06 billion (2009)[1]
Operating income increase A$371.6 million (2009)[2]
Owner(s) 50.1% Metcash Ltd (ASXMTS
 
)
49.9% Mitre 10 members
Employees 16,500[2]
Website Australia
http://www.mitre10.com.au
 

New Zealand
http://www.mitre10.co.nz
 

 


Bunnings Group Limited
Type Subsidiary
Industry Retail/Trade Hardware
Founded Western Australia, in 1952
Headquarters Perth, Western Australia
Parent Wesfarmers
Website http://www.bunnings.com.au/
 

Bunnings Warehouse is the southern hemisphere's largest hardware chain,[1] with 280 stores in Australia and New Zealand.[2]

The chain is owned by Australia's largest corporate employer Wesfarmers Limited, based in Perth, Western Australia.


In 1886 brothers Arthur and Robert Bunning left London to settle in Perth, Western Australia, and soon gained a government building contract, which led to them founding a group of building companies which later became 'Bunning Bros Pty Ltd'. They purchased their first sawmill the following year in the South West of Western Australia, and over the next few years they concentrated more on saw milling and timber distribution and less on building.[3]

[edit] Early 20th century

The company expanded to include several new mills around Western Australia. In 1952 Bunnings Limited became a public company, expanded into retailing and purchased several competition hardware stores.[3]

[edit] Late 20th century

In 1970 Bunnings bought the merchandising and saw milling operations of the Hawker Siddeley Group, in 1983 they bought out Millars (WA) Pty Ltd and in 1990 they bought out the Alco Handyman hardware operations. The Victorian and South Australian hardware stores McEwans, owned by James McEwans Ltd, were bought out by Bunnings in 1993. Many of the McEwans stores were closed shortly after, leaving only the best performers. Bunnings Limited was then bought out by Wesfarmers Limited in 1994.

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  (Redirected from Wesfarmers Limited)
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Wesfarmers Limited
Type Public (ASXWES
 
)
Industry Retailing, Industrial, Insurance, Energy
Founded 1914
Headquarters Australia Perth, Western Australia
Area served Australia Australia
New Zealand New Zealand
United Kingdom United Kingdom
Bangladesh Bangladesh
Key people Bob Every, Chairman
Richard Goyder, CEO
Revenue increase $51.485 billion AUD (FY 2010)[1]
Operating income increase $3.476 billion AUD (FY 2010)[1]
Profit increase $1.565 billion AUD (FY 2010)[1]
Employees 200,000
Subsidiaries Bunnings Warehouse, Coles Supermarkets, Bi-Lo, Pick 'n Pay Hypermarket, Coles Express, Coles Central, Liquorland, Vintage Cellars, 1st Choice Liquor Superstore, Officeworks, Officeworks BusinessDirect, Harris Technology, Kmart, Kmart Tyre & Auto Service, Target, Pharmacy Direct, HouseWorks, Curragh Queensland Mining, Wesfarmers Premier Coal, Bengalla Mining Company*, WFI, Lumley Insurance, Lumley Special Vehicles, Lumley General Insurance (NZ), OAMPS Insurance Brokers, Crombie Lockwood (NZ), Lumley Finance, Monument Premium Funding, Koukia*, Blackwoods, Protector Alsafe, Bakers, Total Fasteners, Bullivants, Wesfarmers Industrial & Safety NZ, CSBP, Australian Gold Reagents*, Wesfarmers Kleenheat Gas, Unigas*, Wesfarmers Kleenheat Elpiji, Wesfarmers LPG, Coregas, Air Liquide WA*, Energy Generation, Gresham Partners Group*, Wespine Industries*
* Joint ventures
Website www.wesfarmers.com.au
 

 

 

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