date:Jun 05, 2015
Ian Morrice.
Metcash is conducting a $480 million overhaul to enable the company to better compete in the retail market and to improve the quality of stores.
Metcash stated it will be taking a number of steps to respond to the difficult trading environment including a potential IPO of its automotive businesses which include Autobarn, Autopro and Midas.
We have completed the first year of our transformation plan and these capital management initiatives will provide a foundation from which the