Metcash (IGA) welcomes ACCC court action opposing Franklins buyout
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.
Franklins takeover by IGA Supermarkets owner blocked by ACCC
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 buys Franklins to convert to IGA supermarkets
Metcash, owner of IGA supermarkets and Australia’s largest independent grocery and liquor wholesaler, will acquire the Franklins supermarket chain for $215 million.
Metcash records record profit with IGA holding strong
Metcash Limited, the the operator of IGA Supermarkets, Mitre 10 Hardware stores and Cellarbrations Liquor has posted a record profit up 12.4 percent from $227.6 million for the year.
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