Investors bark. Coles backpedals on ‘peak pooch’ price for pet business
Coles abandoned a nearly $4 billion acquisition of pet retailer Greencross after investor pressure, calling the deal "peak pooch" valuation. The price was considered too steep compared to Woolworths' $1 billion Petstock purchase four years ago. Coles prioritized capital discipline amid sector challenges including Amazon competition and price wars in grocery retail.
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Published 20 Jul 2026, 05:00 UTC · Updated 20 Jul 2026, 05:10 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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