Metro Group news

14 January 2021
As Metro continues its evolution as a company, we round up developments in Spain, France and Romania as it looks to strengthen its operations globally and in the specific countries. Metro to promote digital transformation with Wipro Metro and Wipro have announced a strategic digital and IT partnership ‘ to drive forward the transformation of the Group's IT and to concentrate more strongly i...
15 December 2020
Germany-based Metro has ended its 2019/20 financial year on a positive trajectory after a challenging year that saw its major markets and customers impacted heavily by the COVID-19 pandemic. Positive Q4 sees Metro gain market share In its full year, Metro reported like-for-like sales contracted by 3.9%, which was at the upper end of its guidance range. The company said that ‘ with the excep...
26 November 2020
As Metro Cash & Carry establishes a transition team as its chief executive prepares to step down at the end of the year and launches a new service, we round up news from the retailer. Metro establishes CEO transition team During the transition period after existing CEO, Olaf Koch, leaves, Metro has confirmed that its CFO, Christian Baier, and COO, Rafael Gasset, will jointly assume the posi...
28 October 2020
As Metro Group expands in India and acquires a business in Portugal, we round up news from the cash and carry company. Metro acquires business in Portugal In Portugal, Metro has acquired the Aviludo Group, which it describes as the second largest food service distribution company in the country. Aviludo generated sales worth €152m in 2019 and services more than 13,500 HoReCa clients nationw...
15 October 2020
Metro generated like-for-like sales showing a slight contraction, of just 0.5%, in its fourth quarter. The company said a recovery in HoReCa sales and a ‘ positive sales development ’ in Germany, Russia and Eastern Europe had underpinned its improving performance. Strong recovery in key markets Metro said like-for-like sales had turned positive in Germany, Russia, and Eastern Europe, which ...
06 August 2020
In its Q3 2019/20 results, Metro reported a 17.5% decrease in like-for-like (LFL) sales, compared to the previous year, driven by the Coronavirus (COVID-19) pandemic and its negative impacts on the hospitality sector. However, as of July this year, Metro noted that sales had recovered to the previous year’s level in its Hotels, restaurants and catering (HoReCa) division. Germany: like-for-like...
25 June 2020
Following an agreement to sell Real earlier this year, the wholesaler has completed the sale to the SCP Group. The sale allows Metro Group to focus on its wholesale business. Deal signed The deal was agreed earlier in 2020, however it was awaiting approval from the supervisory and antitrust authorities which has now occured. The inflow of funds will be €300m. The SCP Group will take full...
09 June 2020
On the 25th of June, SCP Group will officially purchase Real from the Metro Group. SCP Group getting ready The sale will include the online platform Real.de, which the SCP Group is already preparing for resale. The SCP Group will also take full control of all Real's business units, with former Lidl board member, Bojan Luncer, heading up the new operation. Along with its real estate partner,...
06 May 2020
Following Wumart’s announcement last October that it intends to acquire an 80% stake in Metro China, the deal is now complete on 23 April. In this article, we explore what impacts this merge might bring to China’s grocery industry. Metro’s strengths make up the shortcomings of grocery retail in China China might lead the world in digital payment and retail technology, its grocery retail i...
16 April 2020
We bring you the latest news on how retailers and suppliers are coping with the challenges of COVID-19 in Germany. We will continue to update this article with the latest initiatives. Ten-point plan for retail The German Trade Association has laid out a plan for a gradual return to normality. It includes measures to support small businesses, stimulate consumer spending, adjust labour l...