Australia's Metcash flags end to 7-Eleven supply deal, shares plummet
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(Reuters) - Metcash Ltd on Friday said convenience store chain 7-Eleven will not renew its supply agreement with the Australian grocery distributor after their contract ends in August 2020, prompting its shares to mark their worst session in 17 months.The contract with 7-Eleven will not be renewed as both companies were unable to meet a deal on supply requirements on the Australian east coast, especially regarding delivery routes and scheduling, Metcash said."Metcash determined these..