Metro Group news

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...
28 February 2020
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...
21 February 2020
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...
11 February 2020
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...
16 January 2020
Metro Group has reported sales growth of 2.2%, with same store sales up 1% compared to last year. Positive performance across most markets Metro Group saw Q1 sales hit €7.5bn, with strong growth in many of its markets. In Asia, sales were up by 3.2%, in part driven by positive currency effects. In Eastern Europe, same store sales increased by 5% and in Western Europe (excluding Germany), sa...
13 December 2019
With the upcoming disposals of the Chinese operations and Real, Metro Group will be better placed to focus on its core wholesale business. Disposals underway The sales of Metro China has been confirmed, with partner Wumei taking a majority stake. Metro Group is expected to receive over €1bn in net proceeds once the deal is completed. Metro has also confirmed that it is in exclusive talks ov...
28 October 2019
Metro Group reports its Q4 sales, which grew by 3.9% to €7.6bn (2.7% on a constant currency basis) and its full year sales which were up by 1.5% to €29.9bn (2.5% on a constant currency basis). Sales by region In Germany, Metro's domestic market, Cash & Carry sales were up 0.6% on a like for like basis, with sales in Western Europe up 2.2% (2% constant currency basis), driven primarily by Po...