Wesfarmers to acquire Catch Group.

Wesfarmers, chemicals, fertilisers, coal mining and industrial and safety products retailer has agreed to acquire Catch Group, e-commerce retailer for $160m. Subject to completion of the transaction, Catch Group will operate as an independent business unit, under the oversight of Ian Bailey, the Managing Director of Kmart Group. “This will further drive best practice in the supply chain, fulfilment and online execution across our brands, including opportunities for Target to secure online fulfilment capacity and productivity benefits. The catch will also benefit from the support of Kmart Group’s scale and capabilities to drive its continued growth in its existing marketplace business.” Ian Bailey, Kmart Group Managing Director.