Why is everyone talking about the Wesfarmers share price this week?
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The Wesfarmers Ltd (ASX: WES) share price is in the green in Tuesday afternoon trade. At the time of writing, the shares are 0.38% higher at $82.95 a piece.
For the year to date, shares in the retailer, which owns the Kmart Group, Bunnings Warehouse, Officeworks, Priceline, and many more household names, have climbed 1.47%. They’re now trading 15.58% ahead of this time last year.
Why is the Wesfarmers share price in the spotlight this week?
On Monday, the AFR reported that Wesfarmers had abruptly called off plants to support the largest franchisee in its Priceline pharmacy network, Infinity Pharmacy Group, which owes more than $400 million. The move means the company is on the verge of collapse and has been…
