FoodWorks to push for improved trading terms

Posted on: Tue, 30 Jun 2009 18:14:00 EDT

Symbols: CMYYF

Jun 30, 2009 (The Australian Financial Review - ABIX via COMTEX) --
CMYYF | Quote | Chart | News | PowerRating -- FoodWorks' $A35m deal with Coles Group will boost its Australian store numbers to about 750 and its market share by one per cent. In the wake of that agreement, FoodWorks will attempt to negotiate improved trading terms with suppliers such as Metcash. Metcash CEO, Andrew Reitzer, will meet with FoodWorks representatives in the first week of July 2009, to discuss a supply arrangement.

Publication Date: 1 July 2009

FOODWORKS SUPERMARKET GROUP LIMITED
COLES GROUP LIMITED
WESFARMERS LIMITED - ASX WES
METCASH LIMITED - ASX MTS
WOOLWORTHS LIMITED - ASX WOW
UBS AUSTRALIA LIMITED
MORGAN STANLEY AND COMPANY INCORPORATED

For full details on (CMYYF) CMYYF. (CMYYF) has Short Term PowerRatings at TradingMarkets. Details on (CMYYF) Short Term PowerRatings is available at This Link.

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