drakes

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 …

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Metcash

Metcash supply deal with Drakes

Metcash has reportedly signed a five-year deal with Drakes supermarkets in Queensland. According to the Australian Financial Review, Drakes had previously announced plans to build an $80 million distribution centre in South Australia, and then planned to self-supply in once its current deal with Metcash expired. The deal with Metcash will remove the threat of …

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