Tag Archives: Ian Morrice

Metcash reports ‘pleasing’ first-half results, despite challenges in grocery

Outgoing Group CEO Ian Morrice handed the reins to Jeff Adams as Metcash announced sales revenue of $7.06 billion – an increase of 7.6 per cent. Food EBIT increased 5.8 per cent to $89.4 million, reflecting positive earnings from the convenience business, compared with an operating loss of $4.3m in …

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Metcash and Chinese retail giant in export deal

One of the largest non-government retailers in China, Suning Holdings Group, has signed an agreement with Metcash to introduce Australian and New Zealand products to the Chinese market. During a recent trip to Australia, Suning International VP Steven Zhang met with local Metcash vendors, then signed a memorandum of understanding …

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Former Tesco executive to lead Metcash

Jeff Adams will succeed Ian Morrice as Metcash Group CEO, bringing more than 20 years of experience in retail and wholesale industries with Tesco PLC to the role. The accomplished executive has held a number of senior positions with Tesco PLC, including CEO of Tesco Kipa (Turkey), CEO of Tesco …

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Food and grocery pillar stifles Metcash’s half-year results

Metcash Group generated sales revenue of $6.63 billion for the first half (May-October, 2016) of its FY17, up 0.3 per cent against the previous corresponding period, with an intense trading period in the food and grocery sector negatively affecting sales in that division. Continued earnings growth in the liquor (up …

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