Metcash has begun a $330 million equity raising, saying it needs fiscal flexibility during the coronavirus crisis.
Kaufland’s exit eliminates a potentially dangerous new competitor, but Metcash remains vulnerable.
Metcash delivered a net loss of $152 million in 1H20.
Retail group signals an expected $15 million loss to its food pillar.
7-Eleven won’t renew its contract with the food and beverage distributor.
Metcash’s largest wholesale supermarket officially opens its own distribution centre.
Hardware sales continue downturn due to slowing construction activity.
A reinvigorated Metcash is still being squeezed, as competitors retool their strategies.
Australian food and grocery wholesaler adds new non-executive directors.
Metcash secures new deal to supply Drakes Supermarkets’ Foodland stores in South Australia.