J Sainsbury Partners with Coles in Australia
11 Noviembre 2019 - 3:37AM
Noticias Dow Jones
By Adriano Marchese
J Sainsbury PLC (SBRY.LN) said Monday that it has agreed on a
strategic wholesale partnership with the Australian food and drink
retailer Coles Group Ltd. (COL.AU) to supply white-labeled
products.
From early next year, Sainsbury said it will supply its own
brand products to Coles supermarkets across Australia, as well as
online. It said the range will be white-labeled under the Coles
brand and includes a selection of packaged groceries and household
products.
Additionally, the partnership will also investigate Australian
groceries and alcohol which Sainsbury could source through Coles to
bring a new proposition to U.K. customers, it said.
Sainsbury said the partnership with Coles marks a key milestone
in the company's strategy to build its wholesale business, with a
number of partnerships already in place in Asia, Europe and the
U.K.
"We want to accelerate the introduction of innovative products
to Coles Own Brand, and this partnership allows us to do that with
a range of food and groceries that are already proven in the
international market but not yet available in Australia," Coles
Chief Executive Greg Davis said.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
November 11, 2019 04:22 ET (09:22 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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