Tag: Metro Group
Metro slips after acquisition
8 May 2007 — Duesseldorf (GER): Metro Group has posted a Q1 net loss of €9 million ($12.2 million), compared to profit of €7 million last year, attributing the slide to profits being dented...
eurOPe 2007 exclusive — Metro chief to speak
13 March 2007 — Noordwijk (NL): OP companies from all channels are paying close attention as the mass merchandisers continue their march across the globe, particularly in view of their ever increasing non-food offering. With...
Final curtain call for Wal-Mart Germany
It's official – from the summer of this year, there will be no more Wal-Mart Germany. Seventy of the retail giant's 85 stores in the country will be completely rebranded and integrated into Metro...
Final curtain call for Wal-Mart Germany
It's official – from the summer of this year, there will be no more Wal-Mart Germany. Seventy of the retail giant's 85 stores in the country will be completely rebranded and integrated into Metro...
Metro in talks with DHL?
19 January 2007 — Duesseldorf (GER): Metro Group is thought to be negotiating with the transportation company DHL on the possible acquisition of its logistics unit, SCM Logistik Deutschland. A Metro spokesman said that...
Saturn to open new megastore
30 January 2007 — Frankfurt (GER): Saturn, the German consumer electronics chain controlled by Metro Group, is to open an 86,000 sq ft outlet in Frankfurt. The two-storey megastore is expected to open in...
Media Markt adds to Greek presence
15 September 2006 — Athens (GR): Media Markt, the parent company of Metro Group, has opened a third Greek store. The 43,000 sq ft store is located in the Delta Falirou district of Athens.
Wal-Mart to quit South Korea
27 September 2006 — Seoul (SK): The proposed $882 million sale of 16 Wal-Mart stores to Shinsegae has been approved by South Korea's anti-trust agency. The sale has been agreed on the condition that...
People & Places
USA Eastman Kodak's board of directors has named Laura Quatela as a VP at the company. Quatela has been with the firm since 1999, most recently as director of intellectual property transactions. Rochester (NY) Imation CEO,...
Wal-Mart to sell German division
31 July 2006 — Bentonville (ARK): The vice-chairman of Wal-Mart stores, Michael Duke, has announced that the company is to sell its German retail division to Metro Group. Duke said: "As we focus our...
Media Markt expands in Spain
7 April 2006 - Seville (SPN): Metro Group-owned Media Markt has opened its first outlet in the Spanish city of Seville. The electronics outlet, which is spread across two floors, offers more than 50,000...
