Metcash Ltd

MTS: XASX (AUS)
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Metcash: Streamlining of Hardware Businesses Could Support Growth, but Cyclical Recovery Is Key

Metcash is merging its two hardware businesses. It expects the combination to help hardware CEO Scott Marshall drive growth by unlocking more scale benefits and improving the strategic alignment between Mitre 10 and Total Tools. However, management doesn't expect meaningful cost efficiencies.

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