Large flagship stores continue to distinguish themselves through their unique experience and local anchoring, according to former Kaufhof leader Olivier Van den Bossche. Department stores might also take on the role of omni-channel hubs in the future.
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German retail giant Metro has sold a majority interest in its Chinese operations to local retailer Wumart. The sale fits in with the group’s strategy to focus more on professional customers.
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Has the long-running conflict between MediaMarktSaturn and the Kellerhals family finally been resolved? The co-founder may be tempted to exchange his remaining MediaMarkt shares for an interest in parent group Ceconomy.
Czech billionaire Daniel Kretinsky has acquired a 4.63 % stake in French retailer Casino, along with his Slovak partner Patrik Tkac. The move comes soon after a failed attempt to get a majority share in the German Metro group.
Daniel Kretinsky's attempts to acquire 67.5 % of shares in German retailer Metro have failed. The Czech billionaire now wants to take a seat in the Board of Directors.
Time is running out for Daniel Kretinsky's takeover bid on German retail holding Metro. The offer ends on 7 August, but is a deal still possible given the many people opposing it?
German retail group Metro is calling on its shareholders not to accept the EP Global Commerce takeover bid because it would be too low. The food service company has just published sound quarterly results.
Haniel has accepted EP Global Commerce's takeover bid on its remaining Metro shares. The question is now what the other shareholders will do.
Metro has received a new, higher bid for its Real supermarkets from X+bricks and SCP Group. The wholesale company had been in exclusive negotiations with a syndicate headed by real estate player Redos for some time.
Metro is disappointed in a takeover bid by shareholder group EP Global Commerce, which is offering 5.8 billion euros for the holding behind Makro and Real.
There seems to be light at the end of the tunnel for German retail group Metro: a buyer has been found for supermarket chain Real and profits are higher than expected. Unfortunately, losses keep accumulating at Makro in Belgium.
The German Schwarz group, parent company of Lidl and Kaufland, has shown an interest in about 100 Real stores, currently belonging to the Metro Group. There are at least five other interested parties, including fellow food retailer Edeka.
Makro Belgium will receive another 40 million euros from German parent company Metro, but that may well be the final lifeline. The Germans' patience with the loss-making Belgian branch is wearing thin: without a quick improvement the branch may be closed.
German wholesaler Metro has had a mixed first quarter of its financial year 2018/19. While turnover went up slightly (on a comparable basis), profit went down. Western Europe saw strong performances.
Czech billionaire Daniel Kretinsky and Slovak investor Patrik Tkac may be making an offer to take over Metro soon: the two have already acquired portions of the holding behind the Metro and Makro chains.
De plannen van Metro-CEO Olaf Koch om de noodlijdende hypermarktketen Real te verkopen en de loonvoorwaarden aan te passen, stuiten op hevig verzet van de Duitse vakbond Verdi. Maandag was er een nationale stakingsactie.