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Why Australian supermarket Coles is dropping its convenience chain

Earlier this week, supermarket player Coles announced it is selling its convenience arm Coles Express to long-time fuel partner Viva Energy for AU$300 million. Coles had been working with Viva Energy through its Express arm for some time, though its agreement was due to expire in 2029 – meaning Coles would have either had to negotiate a new agreement in seven years’ time, or sell the business.  According to Coles’ chief executive Steven Cain the expiring deal, as well as the fluctuati