Tag: Franklins

Metcash has reached an agreement with Ritchies for the sale of nine Franklins stores, which will be rebranded under the IGA banner.

The way has been cleared for Metcash to acquire Franklins, after the Australian Competition and Consumer Commission (ACCC) lost its case against the country’s biggest independent retail wholesaler and distribution company.

The milk price war that the big supermarket chains are engaging in is hurting the smaller businesses in the food production chain and farmers, cafes and independent food outlets are demanding the Federal Government steps in.

Coles and Woolworths’ milk price war, with ‘home brand’ milk varieties from both supermarkets being sold for $1 per litre as a loss leader will decimate small retailers and hurt farmers with Aldi and Franklins supermarkets also joining the war, with both lowering their milk prices to match.

Metcash, owner of IGA supermarkets and Australia’s largest independent grocery and liquor wholesaler, welcomes Federal Court action by the Australia Competition and Consumer Commission opposing Metcash’s plans to acquire the Franklins supermarket chain for $215 million.

The Australian Competition and Consumer Commission will block the proposed acquisition of the Franklins supermarket chain by Metcash Trading Limited, who operate the IGA chain of supermarkets and wholesalers.

Metcash, owner of IGA supermarkets and Australia’s largest independent grocery and liquor wholesaler, will acquire the Franklins supermarket chain for $215 million.