Author name: Dan Armes

Metcash

Metcash hires Goldman Sachs to weigh Superior Food Services bid

The $900m grocery wholesaler Metcash has hired investment bank Goldman Sachs to consider buying Superior Food Services from Quadrant Private Equity. Metcash is among trade buyers and private equity firms considering an acquisition of Superior Food Services in the second round of the competition. How serious Metcash’s pursuit of the business is remains unclear, with

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JBS

Woolworths, Aldi respond to reports of corruption at meat supplier JBS

Australian supermarkets have responded after a major meat and seafood supplier faced allegations of corruption. While the name JBS Foods may not ring any bells for most consumers, the Brazilian meat company is the biggest meat manufacturer in the world and supplies Woolworths, Coles, Aldi, IGA and many more popular food retailers in Australia. Shoppers

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wages

Woolworths boss calls for retail wages to increase amid rising inflation

The head of supermarket giant Woolworths has called for an increase in retail workers’ wages to keep up with the rapidly rising rate of inflation across the industry. In a message to shareholders on Tuesday morning announcing the business’ third-quarter trading results, chief executive Brad Banducci said he backed a proposal from the Australian Retailers Association industry

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Coles

Coles sales surge despite pandemic, floods – but Covid costs $65 million

Coles Group weathered what it described as significant Covid and flood-related disruptions during the third quarter to post a 3.9-per-cent lift in sales to $9.295 billion. The company said staff absenteeism related to isolation requirements during the Omicron outbreak led to “availability challenges and short-term impacts on Coles’ promotional program and disruptions to stores and

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drive-through

Woolworths unveils plans for drive-through only store in Sydney

Woolworths has launched a bid to open its first drive-through only store in Sydney’s eastern suburbs. As part of a $560,000 proposed redevelopment, the supermarket giant is seeking to turn an old Rose Bay Caltex service station site into a dedicated pick-up site for customers collecting online orders. There would be no in-store shopping at

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