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“It doubles the size of the group which means we've got bigger buying power and we can buy more products at a cheaper rates and it strengthens the group for the future going forward.” Source: Courier Mail Read more: http://www.thecourier.com.au/story/4055508/exit-unifies-hardware/
#Metcash is looking fantastic at the @gccec right now with plenty of good looking #customstand inspiration, quality products and strong #networking time!
ACCC defers decision on Metcash’s purchase of Home Timber & Hardware "The undertaking was not made public but would offer guarantees in terms of dealing with independents to ensure they are treated fairly. "The ACCC is normally reluctant to agree to such behavioural undertakings because they are hard to enforce." SOURCE: The Australian Read more: http://www.theaustralian.com.au/business/companies/accc-defers-decision-on-metcashs-purchase-of-home-timber--hardware/news-story/f199acf22977cb781f038692e2cd5ced
"If an equity group bought it, it would be done on a return on investment and they might get the price up and the business going and then they might just offload us and we would be back here again," Mr Iser said. "We really want to be convinced that the right group is buying the Home Timber & Hardware group." Mr Iser acknowledged HTH could get bundled up in a deal with Masters although he did not think this was the most likely outcome. Source: SMH Read More: http://www.smh.com.au/business/retail/uncertainty-could-hurt-home-sale-20160607-gpdg2q.html
One must spare a thought for the independent hardware retailer who is already battling enough but currently has a choice of two suppliers," Deutsche Bank analyst Michael Simotas said in report this week. "If Mitre 10 and Danks were combined, this choice would evaporate and margins could be squeezed even further." SOURCE: AFR
ACCC chairman Rod Sims said the commission would closely scrutinise Masters store acquisitions by Bunnings, but would have an "open mind" about a merger of Mitre 10 and Home. "We've given it a little bit of thought and we haven't yet had any engagement with Woolworths – that's something we should do," Mr Sims said.
'Doom and gloom' predicted for local supplier Metcash, as supermarket giant Aldi prospers | Paygle.com
‘Doom and gloom’ predicted for local supplier Metcash, as supermarket giant Aldi prospers | Paygle.com
21 Oct 2015, 12:26pm Photo: The rise of Aldi puts the future of local stores, and their supplier Metcash, at risk. (ABC: Charlie McKillop) The rise of German supermarket giant Aldi has the alarm bells ringing for the future of many of local stores and their major supplier Metcash. It was not that long ago that it seemed like there was a corner store in every suburb. Woolworths and Coles put an…
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