AUSTRALIA: Metcash in talks with fuel companies over petrol deal
Australian grocery wholesaler Metcash Trading is reported to be in discussions with a number of petrol retailers over a possible strategic alliance.
Metcash is understood to be in talks with Mobil, Caltex and BP and may be in a position to announce a deal next month. Metcash wants to set up a discount petrol offer for its IGA (Independent Grocers of Australia) in a bid to compete with petrol discount schemes run by rivals Woolworths and Coles Myer, reported the Australian.
Woolworths offers its customers a 4c per litre petrol discount when A$30 (US$20.4) is spent at its stores.
Coles Myer, which recently announced it had made a deal with Shell, is to unveil its petrol discount offer within the next few weeks.
Metcash chief Andrew Reitzer declined to comment on the identity of any potential partners and said nothing had been finalised. "We are in discussions with more than two parties," he was quoted by the Australian as saying. "It's a very fluid situation right at the moment".
In the second part of this week's focus on the Australian food retail market, David Robertson looks at Woolworths' main rival, Coles Myer, which accounts for around 16% of all retail spending in Austr...
With 76% of Australia's food retail market, just two companies, Woolworths and Coles, dominate the region. In a two-part review, David Robertson looks at both supermarket chains. The first article wil...
Australian retailer Coles Myer has reported annual sales up 13.3% to A$36.6bn (US$28.1bn) and said it is considering selling its Myer department stories....
Supermarket chain Woolworths has today (Friday) announced a sharp rise in sales for the year to 26 June, bolstered by strengthening food and liquor sales and acquisitions....
Supermarket chain Coles Myer has agreed to support a food industry proposal to promote the benefits to consumers of buying Australian-grown produce, according to the Age newspaper....
Supermarket chain Woolworths Ltd has refused to comment on reports that it is considering the sale of its A$1bn (US$753m) chain of national distribution centres, according to the Australian Associated...
Retailer Foodland has announced a delay in documents needed to complete the process of its demerger and sale to Woolworths and Metcash....
A charter promoting fair competition between potential buyers of independent supermarkets has started, Australian Competition and Consumer Commission chairman, Graeme Samuel, has announced....
- Danone's Q1: four things to learn
- Who will buy Danone's Stonyfield business?
- Nestle Q1 update: four things to learn
- Interview: Sir Kensington's on sale to Unilever
- Column: Why snacking is the new meal
- Nestle to cut UK confectionery jobs
- Tyson shops Sara Lee bakery, Kettle and Van's
- PepsiCo affirms full-year target as Q1 hits mark
- Icelandic to sell Saucy Fish Co. owner Seachill
- Tyson to buy burger-to-entree firm AdvancePierre