Mitre 10 and Home Hardware tie-up could challenge Bunnings

 In Australia, Bunnings, Metcash/IGA, NewZealand, Woolworths
A tipped $2 billion tie-up between Mitre 10 and Home Timber & Hardware Group could provide Bunnings with some strong competition and has sparked predictions of a hardware price war.
A union of the two franchised hardware chains would create a network of between 800 and 900 stores, and with the right leadership analysts suggest it could harness its buying power to fight Bunnings on price and brands.
Industry insiders suggest Metcash, which owns Mitre 10,  has already reached out to Woolworths, which controls the Home franchise, but it was told it was too early for talks, one source said. Sydney Morning Herald – Read more…

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