Business Services Industry
Agreement wraps up unfinished grocery business.
Australasian Business Intelligence, May, 2005
May 25, 2005 (The Australian Financial Review - ABIX via COMTEX)
Industry veteran, John David, called Metcash CEO, Andrew Reitzer, in late 2004 to congratulate him for moving on Foodland. David, the founder and ex-chairman of grocery wholesaler, Davids Holdings, had joined forces with his counterpart at Foodland more than 20 years ago to try to build a third giant in Australian retailing. They were unsuccessful though, and Davids was later taken over by South Africa's Metro Cash & Carry. Metcash's acquisition of many of Foodland's Australian assets has brought David's dreams to fruition.
Publication Date: 26 May 2005
FOODLAND ASSOCIATED LIMITED - ASX FOA:
METCASH TRADING LIMITED - ASX MTT:
DAVIDS HOLDINGS PTY LTD:...
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