German retail giant Metro is looking to sell its hypermarket chain Real, in order to continue narrowing its focus on wholesale. Amazon is named as one of the potential buyers.
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Spanish discount chain Dia has joined Horizon International, the purchasing alliance set up this year by sector peers Casino, Metro and Auchan.
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MediaMarkt's owner Ceconomy has engaged in talks with investment group EP Investment about a possible sale of its interest in Metro, the German food group that also operates through Makro and Real.
German retail giant Metro is satisfied with the results so far in its fiscal year 2017/18, but sees the need to take measures in the difficult Russian market.
French retail giants Auchan, Casino and Schiever have agreed to form a new purchase alliance with German Metro, named Horizon. This new alliance will allow the chains to coordinate purchases both inside France and abroad.
A more professional product range and a return to bigger packages: that is how Makro Belgium wants to return to better ways. Its CEO Vincent Nolf admits the chain is currently "in intensive care", but hopes to see improvement already next year.
Over the past three years, German Metro group invested 205 million euro into its ailing Belgian store chains Makro and Metro, but the results are far from positive.
German Metro managed to stabilize its first quarter profit compared to last year, despite a setback in Russia. It mainly cut costs in its Real restructuring plan.
German food retail group Metro says it has created a solid foundation for new growth in its first year since it stepped away from its non-food activities. The Benelux are still worrisome however.
A raid on Metro’s German main office took place recently, as part of an insider trading and market manipulation investigation. Metro says it is fully cooperating with the investigation.
German Metro opened the very first energy neutral Metro store in Sankt Pölten in Austria. The store implemented all types of sustainable techniques, which result in a store without any energy consumption.
Metro’s preliminary results show that the German retailer has achieved a 1.6 % growth in its 2016/2017 fiscal year. Even on a like-for-like basis, there was still a slight growth: Metro itself considers it to be a successful year.
Metro has reported a decent third quarter turnover growth, both on a like-for-like and reported basis, for the company’s first independent results since its split from Metro Group.
German Metro Group's Q1 turnover has dropped 0.6 % compared to the year before, although there is a slight 0.1 % like-for-like turnover increase.
After Metro Group's split into Metro and Ceconomy, both branches will be led by a Dutch CEO. The aim of the split is to create two stronger branches.
German Metro Group has unveiled the details about the company split into two separate entities: one with a focus on consumer electronics, the other grouping Metro's food and wholesale divisions.