The boss of Metcash Food calls for even stronger merger laws,while Aldi Australia’s boss explains why it has no stores in Tasmania.
Treasurer Jim Chalmers said the government would reform competition rules for supermarkets to drive down prices and address claims of market manipulation.
The IGA operator is looking to expand by acquiring a major foodservice distribution business and two hardware suppliers.
Premier Investments’ former chief executive Richard Murray will start in his new job at Total Tools at the end of this month.
Metcash CEO Doug Jones wants to see IGA become Australia’s supermarket of choice as it lowers prices to compete more fiercely with Coles and Woolworths.
Mathew Manson has left a string of puzzled customers in his wake,including a luxury watchmaker,a deodorant entrepreneur and a team of Easter Show face painters.
A Dan Murphy’s outlet supported by an Aldi supermarket and five speciality retailers in Shepparton has been sold for $13 million.
Metcash says IGA stores have managed to hold on to most of the lockdown-affected households they picked up during the pandemic and that consumer demand remains steady despite successive rate rises.
Supermarkets and fresh produce sellers say shoppers can put shortages behind them,but growers warn La Niña could play spoiler this summer.
IGA’s operator says consumers are still doing more shopping in their local neighbourhoods than they did before the pandemic.
Lazard Select Australian Equity Fund blitzed the field to be rated by Mercer as the best-performing Australian share fund,with a 2021-22 return of almost 20 per cent.