Wesfarmers Limited WES.ASX

Headquartered in Perth, Australia, Wesfarmers is a conglomerate with interests in the retail, mining, industrial and chemical sectors. It also produces fertilisers, home and office supplies and safety products. It carries out most of its operations in Australia and New Zealand. Founded in 1914 as a farmers’ cooperative and went public in 2001. It has wholly-owned subsidiaries operating in the UK, India, Hong Kong, China, Indonesia, Bermuda, Singapore and New Caledonia

Wesfarmers is one of the largest listed companies in Australia. Trading under brands such as KMart and Target Australia the Wesfarmers group of companies are household names. Wesfarmers is also one of Australia’s largest employers, with roughly 220,000 members of staff in their employment. Wesfarmers has a shareholder’s base of approximately 484,000 as of March 2022. Wesfarmers took control of Coles Group in 2007, but the two demerged in 2018.

As well as this, Wesfarmers is an eco-conscious company. The group supports and is guided by the United Nations Sustainable Development Goals. It has identified 9 of these goals to which the company can contribute to with a goal of increasing sustainability. Wesfarmers is listed on the Australian Securities Exchange under the ticker ASX: WES.

Include WES stock in your eToro watchlist to keep up with the company’s latest stock performance and share price changes.