METRO GROUP posts like-for-like sales growth of 1.5% in financial year 2014/15

Like-for-like sales growth of 1.5% in financial year 2014/15 Growth drivers online retail and delivery remain successful METRO Cash & Carry and Media Saturn report like-for-like sales growth in both financial year 2014/15 and Q4 2014/15 Acquisitions Classic Fine Foods and RTS strengthen sales lines Sale of Galeria Kaufhof successfully completed; net cash inflow of €1.75 […]

HBS Global Properties acquires 41 GALERIA Kaufhof properties from Simon Property Group Inc. for €2.6 billion

Portfolio totals 83 properties with an Asset Value of $4.8 billion(1) NEW YORK, LOS ANGELES & COLOGNE, Germany, 2015-10-5 — /EPR Retail News/ — HBS Global Properties, the real estate joint venture between Hudson’s Bay Company (“HBC”) (TSX: HBC) and Simon Property Group Inc. (“Simon”) (NYSE: SPG), is pleased to announce the acquisition of 41 GALERIA […]

METRO GROUP sells Galeria Kaufhof including all locations in Germany and Belgium to the Canadian Hudson’s Bay Company for EUR 2.825 billion

Closing date of transaction 30 September 2015 Transaction value: €2.825 billion Net cash inflow of €1.75 billion for (today’s) end of METRO AG’s financial year as at 30.09.2015 Rating-relevant net debt reduced by €2.85 billion Düsseldorf, Germany, 2015-10-1 — /EPR Retail News/ — METRO GROUP successfully concludes the sale of Galeria Kaufhof including all locations in […]

Canada-based Hudson’s Bay Company to acquire Metro’s department store group GALERIA Kaufhof and its Belgian subsidiary Inno for €2.825 billion

Creates a Global Platform, Positioning HBC for Future Growth in Europe Transaction Value of €2.825 Billion Agreed, Including the Assumption of Certain Liabilities HBC Plans to Work with GALERIA Kaufhof’s Existing Management Team to Further Strengthen Offerings to Consumers Agreement Includes Extensive Commitments to Maintain Employment Levels and Store Count, GALERIA Kaufhof to Remain Headquartered […]

METRO GROUP achieves sales target for the entire financial year 2013/14

Sales at METRO GROUP climbed by 1.3% in financial year 2013/14 after adjustment for portfolio changes and currency effects Like-for-like sales increased by 0.1% after totalling -1.3% in the previous year; sales guidance achieved Q4 2013/14: all sales lines generated higher like-for-like sales; considerable trend improvement at Media-Saturn Earnings outlook confirmed METRO GROUP’s Christmas business […]

METRO GROUP announces reorganisation at Galeria Kaufhof management structure

Initiated generational change creates foundations for continued economic success and personnel continuity Olivier Van den Bossche new CEO of department store operations Lovro Mandac new Chairman of the Supervisory Board of GALERIA Kaufhof GmbH Edo Beukema and Volker Schlinge resume the Management Board positions for Procurement and HR – Thomas Storck and Ulrich Köster with […]

METRO GROUP returns to the ranks of the world’s sustainability leaders in retailing with its inclusion in Dow Jones Sustainability World Index

Düsseldorf, Germany, 2014-9-23— /EPR Retail News/ — METRO GROUP is returning to the ranks of the world’s sustainability leaders in retailing. From today, the Düsseldorf-based company with its sales lines METRO Cash & Carry, Media-Saturn, Real and Galeria Kaufhof will be relisted on the leading international sustainability index Dow Jones Sustainability World, the rating agency RobecoSAM […]