Metro Cash & Carry will add 5 new stores in India this year. Partnerships with “kirana” stores The retailer will build partnerships with small family-owned stores known as "kirana" stores in Bengaluru, Hyderabad and Delhi. It will provide point-of-sale devices to owners to help them track daily sales, profits and order items from Metro online. The devices also allow the stores to trade usin...

Following an agreement to sell Real earlier this month, the wholesaler has now signed a deal to sell Real to a consortium consisting of the SCP Group and investment firm X-Bricks. Deal confirmed The deal has now been signed and the last stage is for the supervisory and antitrust authorities to approve the sale. The inflow of funds will be €300m, with Real being valued at around €1bn. If t...

The wholesaler has agreed to sell Real to a consortium consisting of investment firm X-Bricks and the SCP Group. Deal still to be signed Although an agreement has been made, the deal is yet to be signed and certain issues are still under negotiation. The supervisory and antitrust authorities will also need to approve the sale. However, Metro Group expects the sale to complete, with the infl...