Other businesses
Coles
Coles is a leading Australian retailer which sells everyday products including fresh food, groceries, household goods, liquor, fuel and financial services via its national store networks and online platforms. The Group holds a minority interest in Coles through a wholly-owned subsidiary, Wesfarmers Retail Holdings Pty Ltd. For more information on Coles' performance during the year, please visit www.colesgroup.com.au
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Wesfarmers owns a 50 per cent shareholding in leading loyalty and data company Flybuys, with Coles holding the other 50 per cent. Formerly part of Coles, following the demerger in November 2018 the Flybuys business was set up as an independent, stand-alone business. As at 30 June 2021, there were 6.4 million active households in the Flybuys loyalty scheme. For more information on Flybuys, please visit www.flybuys.com.au
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Wesfarmers' investment in the BWP Trust (the Trust) contributed earnings of $65 million, an increase of $13 million on last year. The Trust was established in 1998 with a focus on large format retailing properties and, in particular, properties leased to Bunnings. BWP Management Limited, the responsible entity for the Trust, is a wholly-owned subsidiary of Wesfarmers Limited. Units in the Trust are listed on the Australian Securities Exchange and Wesfarmers holds, through a wholly-owned subsidiary, 24.8 per cent of the total units issued by the Trust as at 30 June 2021. The Trust's portfolio as at 30 June 2021 consisted of a total of 74 properties. For more information on the Trust, please visit www.bwptrust.com.au
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![GRESHAM NEW[2]](/images/default-source/businesses/new-business-logos/gresham-new-2.jpg?sfvrsn=3c4036bb_2 "GRESHAM NEW[2]")
Wesfarmers has a 50 per cent shareholding in Gresham Partners Group Limited, the holding company for the Gresham Partners operations. Gresham Partners is a leading independent financial services business with activities in corporate advisory, funds management, property, and capital solutions. For more information on Gresham Partners, please visit www.gresham.com.au
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![WESPINE NEW[2]](/images/default-source/businesses/new-business-logos/wespine-new-2.jpg?sfvrsn=84036bb_2 "WESPINE NEW[2]")
The 50 per cent-owned Wespine Industries (Wespine) operates a plantation softwood sawmill in Dardanup, Western Australia. Wespine manufactures structural timber used in the construction industry along with landscaping, packaging and other timber products. Wespine experienced the full range of trading conditions over the year. New home building is the primary driver of structural timber demand and the year commenced with WA housing approvals near record lows but finished very strongly. Wespine recorded timber sales of $111 million, leaving finished goods inventory near zero and production constrained by log supply. Safety continues to be a focus for management with initiatives relating to both risk identification and reduction including cultural change. Recordable injuries declined significantly during the period. For more information on Wespine, please visit www.wespine.com.au
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