Metro Archives - Inside Retail Asia
Chinese retail group Wumart has won a lengthy bidding process for the Metro China business.
US warehouse retailer Costco opened its first store in China today, against a background of a worrying trade war between the US and China and at a time the local economy is showing signs of slowing.
The Metro China sale has progressed to the shortlisting of four companies invited to submit final bids.
The Metro China business is on the market for a reported US$1.5-2 billion.
The launch of Metro Myanmar business marks the German wholesaler’s 36th international market.
Metro Cash and Carry India is turning to smaller stores to speed up its network rollout as it tries to reach profitability.
Metro AG is considering exiting its Metro China retail business as part of a plan to focus on wholesaling activities worldwide.
Chinese international conglomerate and investment firm Fosun International is negotiating a US$500 million holding in German wholesaler Metro.
Metro Holdings’ Singapore retail business posted a 7.6 per cent decline in sales during the first quarter of this year amidst “difficult trading conditions”.
Next month’s Consumer Goods Forum Global Summit at the Marina Bay Sands will feature a ‘who’s who’ of international retail leaders.
Despite a rugged first half, Metro Holdings has still managed positive results and is moving head in Indonesia.
Cross-border eCommerce is set to skyrocket in China, according to a new report.