Showing 1 - 9 of 9 results
Metcash spends $59m to buy more of Total Tools


Wholesale and distribution giant Metcash has acquired a larger stake in hardware franchise chain Total Tools, upping its ownership from 70 per cent to 85 per cent with a $59.4 m spend.

Metcash will invest $375m for store networks


Retail conglomerate Metcash has seen strong sales momentum across all of its pillars – food, hardware and liquor – during the first four months of its second financial half. According

Total Tools’ $57m acquisition confirmed


Metcash has successfully acquired a 70 per cent stake in franchisor Total Tools Holdings for $57 million, a business that has boomed during the Covid-19 pandemic. The wholesale distributor, which

Metcash benefits from shop local trend


Metcash says sales continue to benefit from the change in consumer behaviour since the advent of Covid-19. Chairman Robert Murray said consumers have been shopping more in their local neighbourhoods

Metcash enters binding agreement in Total Tools’ $57m buyout


Metcash is moving forward with its acquisition of 70 per cent of Total Tools, a national franchise targeting tradespeople, for approximately $57 million. The wholesale distributor, which already operates in

Metcash to buy Total Tools for $57m


Metcash is looking to increase its presence in the hardware market after seeing sales in this part of the business return to positive growth in the second half of FY20,

Indie retail supplier Metcash seeks $330m


IGA supplier Metcash is seeking to raise A$330 million to strengthen its balance sheet as it weathers the COVID-19 restrictions. The equity raising consists of a A$300 fully underwritten placement

Metcash faces competition from new grocery co-op


A group of Australia’s independent supermarkets and convenience stores have come together to form a new co-operative that could spell trouble for the nation’s leading grocery wholesaler, Metcash. Led by

Metcash appoints new CEO


A former Tesco executive will take over the reigns.