Retail group Metro plans to sell supermarket chain Real

Retail group Metro plans to sell supermarket chain Real

Published at: 2019-04-15 10:49 | Author: CIJEurope.com
The German retail group Metro wants to get rid of Real, its supermarket chain. With 279 stores and 36,000 employees, Real is still producing €7bn in sales, but it’s produced a string of losses in recent years. X+ Brick AG and the Redos Group are two potential investors believed to be in the running take over the supermarket chain. Both companies have offered over €900 million for the chain. "The process of selling is now entering a hot phase,” Metro boss Olaf Koch told the German economic daily Handelsblatt. “The talks are constructive, but the results are still open,” he said, indicated the plan was to complete a deal by June “at the latest.”

Similar Stories:

Palladium bringing in new brands with 8 on the way out
Eight brands are leaving the Palladium shopping center on náměstí Republiky in Prague t  »
BIG CEE expanding portfolio in Serbia
BIG CEE is planning a number of new long-term investments in Serbia, branching out into th  »
Primark looking at two more stores in Czechia
Primark's shop in central Prague is just the first step in the company's expansi  »
Czech Billa employees win another 5% raise
The Billa supermarket chain has raised wages at its stores for the second time this year,  »
When it comes to the development of smartphone apps for the retail sector, most of the act   »
Rumors that Tesco is on the way out of Poland are certainly nothing new, but another Briti   »
You’ve been expanding your portfolio as quickly as possible. How are you using the incre   »
In a deal that’s reportedly still being finalized, Jeronimo Martins and Auchan will take   »