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METRO AG
ATMs in small hubs may run out of cash: Confederation of ATM IndustryATM operators are demanding ₹100 crore compensation from banks. State Bank of India is accused of sending most cash to big cities. This lea...- Will we K-Pop (desi remix)? How India can turn Tata, Adani, Reliance into global titansForeign companies are exiting India for various reasons, from business failures to global strategy shifts. India aims to build national cha...
- METRO AG completes sale of its Indian operations to Reliance RetailMETRO AG has completed the sale of its Indian operations, including all 31 wholesale stores and the entire real estate portfolio (6 store-o...
- CCI clears Reliance's $344 million buy of Metro's local businessThe deal, announced nearly three months ago, will help Reliance strengthen its wholesale format and cement its position as the biggest play...
- Metro AG stores to cater to both retail and wholesaleMetro sold only to business customers such as neighbourhood stores, hotels, restaurants, caterers and others with a business or goods and s...
- Reliance may acquire Metro AG's India business at a value of less than $500 millionThe move will help Reliance Retail – the retail unit of the conglomerate -- to consolidate its presence in the B2B trade segment which it h...
- Metro AG global CEO Steffen Greubel hints at exiting IndiaThe German wholesaler grew its Indian business by 21% to $982 million during the year ended September, as per its latest annual report. Las...
- Metro AG will sell its India business only if it gets the desired valuation"At the moment, talks with Reliance Retail and Thailand's CP Group are ongoing, but Metro won't do a distress sale or sell at a price lower...
- CAIT alleges FDI policy violations by Metro; German retailer denies charge"As per the media reports Metro Germany is looking to sell the India business and make profits of over Rs 10,000 crore on its investment in...
- Swiggy in talks to buy Metro AG’s India operation to accelerate quick commerce growthSuch a move would be aimed at taking forward Swiggy’s ambition of venturing further into ecommerce, expanding its business beyond mainstay ...
- Metro AG reviewing cash & carry business in IndiaMetro has appointed consultancy firm Bain & Company to identify options and the final decision is likely to be taken in the next two to thr...
- Wipro signs deal to take over IT units of Metro AG, expects business of $1 billionWipro will pay €40 million to acquire the IT assets of Metro in Germany, Romania and India, and take over 1,300 employees.
- Metro AG sales decline 4% during year to September in IndiaThe German retail and wholesale group clocked sales of Euro 787 million (Rs 7,034 crore) during the year ended September 2020, compared wit...
- Metro AG restrategises with smaller stores, to focus on kiranasThe move comes even as Metro Cash & Carry is seeking to cut operating expenses in India and shifting focus to the kirana segment from the h...
- Metro AG India sales rise 10% to Rs 6,755 croreDüsseldorf-based Metro doesn’t sell products directly to consumers in India and is an organised wholesaler or cash-andcarry operator that s...
- India is one of the most attractive future markets for Metro AG: COOPieter Boone, the global COO for Metro AG that runs Metro Cash and Carry in more than two dozen countries, was in India to attend the World...
- Rajeev Bakshi to step down as managing director of METRO Cash & CarryBakshi’s decision comes at a time when the parent company is planning to invest Rs 400 crore to have more wholesale outlets in India
- German retailer Metro AG plans to invest Rs 400 crore to expand in India marketMetro AG plans to invest Rs 400 crore to increase the number of its wholesale stores in India as part of a strategy to make the country a k...
- Metro to sell Makro to Booker Group as retailer leaves UKMetro AG agreed to sell its Makro wholesale unit to Booker Group Plc for 139.7 million pounds in cash and stock as Germany's biggest retail...
- German retailer Metro's Q4 profit up, annual result slipsGerman retailer Metro AG said on Tuesday that fourth-quarter profit rose 12 percent as the company boosted sales, but reported a fall in fu...
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