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Tag: metcash
New Metcash grocery guru Steven Cain certainly knows how to make an impact
2015-07-19 09:09:44| Grocery - Topix.net
He served back when it was still known as Coles Myer, and the struggling behemoth was under the stewardship of John Fletcher . As the financial press reported at the time, he was more of a high impact player, if you catch my drift.
Australia stocks sink across board, but Metcash rallies
2015-06-15 06:34:39| Grocery - Topix.net
Australian stocks suffered a Monday depression, with many of the heaviest-weighted sectors trading firmly in the loss column. The S&P/ASX 200 was down 0.7% about an hour into the session, with energy shares particularly soft after losses for crude-oil futures .
Tags: board
australia
stocks
sink
Burson to look over Metcash auto business as first WA stores open
2015-05-31 17:03:46| Grocery - Topix.net
Automotive parts supplier Burson Group says it will closely examine the Metcash automotive division as a potential acquisition because there's little overlap between the two firms, as it prepares to take the wraps off the first of its own Western Australian stores to fill a gap in its geographic network. Burson, which itself listed on the Australian Securities Exchange in April last year and has watched its share price climb by 74 per cent from its issue price of $1.82, is in expansion mode, and chief executive Darryl Abotomey said it would closely scrutinise the Metcash business.
Tags: business
open
auto
stores
Metcash mulls IPO for auto division
2015-05-14 19:55:40| Grocery - Topix.net
Metcash's automotive division, which includes the Autobarn, Autopro and Midas brands, generated revenues of about $250 million in the year to the end of April. The retailer says it is carrying out a strategic review of the division and investigating whether to launch an initial public offering.
Autobarn for ASX: Metcash eyes $350m automotive parts float
2015-05-14 19:55:39| Grocery - Topix.net
Struggling wholesaler Metcash is planning to exit its three-year investment in automotive parts through a $350 million-plus sharemarket float that will help it pay down debt. Metcash told the market on Thursday it was looking to sell its automotive division, which generated about $250 million in revenue for the year to April 2015.
Tags: parts
eyes
automotive
float