Jul 1, 2026 – 7.38pmSupermarket giant Coles is closing in on a near $4 billion deal to acquire pet care company Greencross at the same time chief executive Leah Weckert’s growth plans were dealt a blow by the competition watchdog, which flexed its new powers to review store plans for the first time.The potential acquisition of Australia’s largest integrated pet care business, which owns the Petbarn and City Farmers retail chains as well as hundreds of vet clinics and specialtist hospitals, would be Weckert’s first major deal since she took the helm at Coles three years ago.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Coles nears $4b Greencross deal as watchdog flexes new powers
Shares in the supermarket giant fell more than 4 per cent after it confirmed the talks with TPG Capital and after the ACCC blocked site development plans.











