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Metcash reportedly warned on food business

Metcash have reportedly been warned they should consider reassessing the viability of their food distribution business.

The move would boost margins for retail partners and de-risk the business, Credit Suisse analyst Grant Saligari reportedly told clients this week, according to a report in The Sydney Morning Herald.

It comes after Metcash lost their long-standing supply contract for 7-Eleven last year, worth a reported $800 million, and their loss of the South Australian Drakes distribution deal in 2018.

They continue to supply IGA, independent grocers Foodland and select c-stores and has holdings in hardware and supplies select liquor stores.

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