The more time that passes, the less likely a buyer will be found for the remaining arms of transport and logistics firm1st Fleet, administrator warns
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1st Fleet divisions find buyers
Australian Container Freight Services and Metcash take over failed 1st Fleet divisions
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ACFS, Metcash swoop on 1st Fleet divisions and put drivers to work
ACFS and Metcash take over 1st Fleet divisions, saving Sydney and Queensland drivers from the unemployment line
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Metcash sheds stores to streamline supply chain
Fifteen regional Campbells Cash & Carry branches will close and Foodlink will be sold as Metcash restructures its business
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Metcash sells FoodLink to Bidvest in shake-up
Group reorganisation sees non-core food service firm divested, Campbells stores sold and nearly 500 jobs lost
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Metcash steps towards one stop distribution
Metcash's new 20,000sq m perishables and fresh produce Distribution Centre in NSW on track to open in February
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ACCC gives up the fight over Franklins
ACCC rules out appealing to the High Court to quash Metcash's takeover of Franklins
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Metcash to digest Franklins logistics after court win
Metcash’s supply chain will continue swallowing the load of 80 NSW and ACT more stores, now that the full bench of the Federal Court has rejected Australian Competition and Consumer Commission’s application to prevent Metcash from acquiring the Franklins supermarket business.
In doing so, the Federal Court held that state markets were part of a broader national market, the point that Metcash has always argued.
“We will continue the process of seeking and reviewing expressions of interest for the stores, which are being sold to independent retailers,” Metcash CEO Andrew Reitzer says.
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Franklins on the brink, so Metcash gets takeover approval
Metcash granted approval to finalise takeover of financially-stricken supermarket chain Franklins, but ACCC wins right to appeal
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Metcash disappointed, but ACCC to appeal
The ACCC is appealing a Federal Court decision granting Metcash the right to take over the Franklins supermarket business
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