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Britain's Sainsbury's in wholesale deal with Australia's Coles

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By Reuters
Britain's Sainsbury's in wholesale deal with Australia's Coles
FILE PHOTO: Shoppers walk past the first 'till-free' Sainsbury's store in London, Britain, May 1, 2019. REUTERS/Toby Melville   -   Copyright  Toby Melville(Reuters)
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LONDON (Reuters) – British supermarket group Sainsbury’s <SBRY.L> has struck an agreement to sell packaged groceries and household products in Australia as it seeks to grow its wholesale business, it said on Monday.

Sainsbury’s said it has agreed a wholesale partnership with Australian grocer Coles <COL.AX>.

The UK firm’s biggest wholesale deal yet will see it supply own brand products to Coles supermarkets across Australia, as well as online, from early next year.

(Reporting by James Davey; editing by Kate Holton)