All is not well at Metcash, the retailer and wholesaler behind brands like IGA and The Bottle-O.
Putting aside the lacklustre share price performance, there are also deep concerns around the prospect of Metcash’s Independent Hardware Group, the real standout and home to well-known hardware brands like Mitre10, Home Hardware and Total Tools.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
