date:Mar 25, 2014
Metcash Limited, Australias leading wholesaler to independently owned supermarkets in Australia, has announced plans for a major corporate restructuring that aims to make IGAs and other independents highly competitive against Woolworths and Coles.
Metcash will reduce its dividend payouts to fund a major capital investment for a five-year transformation plan of the independent supermarket supply group.
Five year transformation plan
Metcash CEO Ian Morrice said the five year plan called Project