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Australian FMCG wholesaler Metcash restructures Campbells business

Australian grocery wholesaler Metcash said on Friday it will close its underperforming Campbells Cash & Carry wholesale distribution businesses, merging parts of it with another wholesale division in a restructure expected to cost AUD10.8 million (USD9.8 million) after tax.

Metcash said it will close eight of the business’s 20 warehouses due to a combination of reduced turnover and fixed network costs, which has resulted in them no longer being viable. It will merge the rest of the business with its Campbells Wholesale business.

(Source: The Australian)