Metcash Limited

And people know it's Richie, so they kind of go, they're big, they can afford it.

Metcash own 30% of them.

Metcash can chip in a bit more.

You know, they have all those sorts of views.

So we've always played our cards close.

See, you're what I would consider a true family business.

We are now reasonably corporatised.

We've got Metcash, you know, one of the ASIC top 70, 50 companies as a 30% stakeholder.

...

if you're going for your first ever meeting with Coles or a Woolies or, or Metcash or Aldi, you imagine your first ever category meeting that you're going in, and you kind of need some data and insight to just show that you understand your product, but the category that you, you wanna go in.

So we, we help businesses that can be, they can be global brands that are well-established in our region, coming into our region, all the way to, you know, new and emerging brands that are, are, are coming up.

And we love to support new brands coming up because selfishly we're kind of like, "We can help you succeed.

Um, uh, this is from, uh...

Who is this from? Uh, Marina Go, director of Metcash, uh, from the Australian Institute of Company Directors.

So yeah, right? Why not ask for the data, right? I like this.

Nobody asks why.

That's about credit card data and how we can use that, obviously, in a meaningful and responsible way.

Metcash is gonna give us data that boils right the way down to the individual products that we buy.

Mm.

So of course, if we can help facilitate that return on investment that actually creates a sale, then yeah, we will, we will, you know, we will strategically develop that, and I think it's our responsibility to do that.

Economies of scale are what makes the wholesale trade for grocery able to keep its prices down.

That's why we're not proposing that we need a third player, like say Metcash in Australia is an independent third player in their wholesale grocery zone.

What we're saying is that the two majors will have the same size of the market that they have now.

They will be importing just as many huge pallets of cereals into the country as they do now, and they'll enjoy those prices.

South32 had a good day as well.

Looking at the consumer staples stocks, they were weaker, specifically Coles and Woolies, and Metcash as well, down about 1%.

Endeavour Group as well.

I read a really fascinating piece, uh, on the AFR about these new GLP-1 drugs coming in pill form and how they could help ... uh, hurt rather the likes of Endeavour Group because more people might take up the weight loss drugs, and therefore they may drink less.

So do you think Woolies gets this? I mean, they're fortunate in like a lot of industries in Australia, they're part of a duopoly.

I mean, I know there's Metcash and there's Aldi and so forth, but I think 80% of supermarket purchases occur at Coles and Woolies.

I mean, do they get that you can only push farmers so far that with energy costs going up and fuel and fertiliser, to say we want your prices to go down, does Woolies understand that that just doesn't really work?

Look, again, as I say, in some sectors it seems to be worse than others.

okay why not

I think they would say I've got a brother who's now a bigwig he's in Australia he was Doug Jones he's the head of a mass mart for a while before he went to take over Metcash I've got a sister Sally who works for me and Michael and the fourth of the siblings is in media and advertising too so I think they would call me the bossy big sister to be honest But very friendly and fun.

So

around the Jones dinner table, your dad's in business, industrial vacuum cleaners, very, very practical stuff.