Wholesale giant Metcash today announced it is in the final stages of selling its newly acquired Franklins supermarket chain to Australian IGA Supermarkets. Metcash Chief Executive Officer Mr Andrew Reitzer...

Wholesale giant Metcash is free to complete its acquisition of Australian supermarket chain Franklins after the Federal Court refused an application by the Australian Competition and Consumer Commission’s...

Pick n Pay CEO Nick Badminton said yesterday he was “disappointed” with the performance of South Africa’s second-largest grocer and warned about continuing difficulties in the trading...

Metcash and Pick n Pay, owner of the Franklins supermarket chain, today announced that they have agreed to extend the cut-off date for the proposed sale of the chain to Metcash. Metcash announced that...

The Australian Competition and Consumer Commission yesterday announced that it will oppose the sale of supermarket chain Franklins to wholesale giant Metcash, on the grounds that it would create a monopoly...

Franklins today revealed that its parent company, South African based Pick n Pay, has begun preparations to sell its stores via tender individually, or in groups, in the event that the ACCC blocks its...

South African supermarket group Pick ‘n’ Pay said its Franklins retail business, which it has sold to Metcash Trading, did not achieve “critical mass” in the Australian market.The...

Discount supermarket chain Franklins has been acquired by its former wholesale supplier, Metcash Trading Ltd, in an unsolicited $215 million offer to its current owner, South African chain Pick n Pay. The...

Franklins Australia, the local unit of South African retailer Pick ‘n Pay, produced a 3.3% increase in turnover in Australian Dollars for the six-months to August 31. The company has managed to turn...

South African based supermarket group Pick ‘n Pay has reported a significant turnaround in the operations at their Australian chain – Franklins. The grocer, which operates over 80 stores throughout...