Doug Jones, the new chief executive of grocery wholesaler Metcash, says he has a lot of experience in tackling high-inflation environments after 14 years in South African retail with Massmart Wholesale, and the group aims to build on market share gains as more shoppers shift to local neighbourhood outlets in the IGA network. Mr Jones says […]
Metcash new boss battle-hardened for high inflation times Read More »
Earnings results for supermarket wholesaler Metcash, released on Monday, will provide an update on the pace of inflation currently running through the food and grocery sector which some fear has accelerated since Woolworths and Coles reported an inflation breakout in the March quarter. Woolworths in May revealed that food inflation had grown by 2.7 per
Metcash full-year results to throw spotlight on the pace of food inflation Read More »
Superior Food Services is now expected to sell to a private equity firm after two of the most likely strategic buyers reportedly left the sales process. The $3.75bn grocery wholesaler Metcash had hired investment bank Goldman Sachs to consider buying Superior Food Services, but is understood to be out of the race. Also out of
Metcash, Coles pull out of race for Superior Food Services Read More »
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
Metcash hires Goldman Sachs to weigh Superior Food Services bid Read More »
Australia’s competition watchdog has approved a rare order allowing major freight and supermarket firms to work together. The move comes after storms knocked out a major rail line connecting WA and the NT from the eastern states. Linfox, Metcash, Coles, Woolworths and others are cleared to share information and prioritise urgent deliveries. Visit Business Insider
ACCC approves rare anti-competitive order Read More »
A fresh round of inflationary pressure is set to be unleashed across the supermarket aisle after leading grocery wholesaler Metcash, whose chains include IGA and Foodland, informed hundreds of grocery suppliers the cost of promotional activity like catalogues and sales events would be hiked by 3 per cent from May. Metcash has admitted in its
Suppliers to Metcash are facing higher charges Read More »
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