Tuesday, 3 December, 2019 - 09:38
Metcash to cop fresh $237.4m write-down
Metcash has announced a $237.4 million write-down against its major food division just days after revealing 7-Eleven would not be renewing its $800 million supply contract.
Chris Baddock has over 30 years of experience in fast-moving consumer goods organisations including Lion and Woolworths. He was the director of Pinnacle Drinks, a wholly-owned subsidiary of the Woolworths’ Endeavour Drinks Group prior to becoming the chief executive of Australian Liquor Marketers in July 2019.
Metcash has announced a $237.4 million write-down against its major food division just days after revealing 7-Eleven would not be renewing its $800 million supply contract.
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