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Tag: METRO GROUP

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Business Financial Management Mobile Retail Retailer Technology

METRO GROUP invests in mobile payment and customer engagement platform Yoyo Wallet

Düsseldorf, 2017-Jun-27 — /EPR Retail News/ — METRO GROUP invests in the London-based start-up Yoyo Wallet, a fast growing mobile payment and customer engagement platform operating in the European market. Founded in 2013, Yoyo provides a combination of fast and simple-to-use mobile payment, ordering, and personalised loyalty and reward programs, all backed by an analytics…
June 27, 20170Comments

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Business Food & Beverage Management Retail Retailer

METRO GROUP and Yoma Strategic Holdings partner to develop one stop food distribution platform in Myanmar

Düsseldorf, 2017-Feb-28 — /EPR Retail News/ — METRO GROUP Wholesale & Food Specialist Company announces its joint venture partnership with the Singapore-listed Myanmar-focused Yoma Strategic Holdings Ltd. to develop a one stop food distribution platform in Myanmar. According to the agreement, METRO will take an 85% stake in the newly established joint venture called METRO…
February 28, 20170Comments

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Business Food & Beverage Management Retail Retailer

French Food Service Distribution specialist Pro à Pro now formally owned by METRO GROUP

Düsseldorf/Halle (Belgium), 2017-Feb-06 — /EPR Retail News/ — Today (1 February 2017), the acquisition of Pro à Pro by METRO AG Wholesale & Food Specialist Company was officially closed. With this step, the French Food Service Distribution (FSD) specialist for professional customers now formally belongs to METRO GROUP. In the run-up to the closing, the transaction…
February 6, 20170Comments

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Business Management Retail Retailer

METRO GROUP presents its achievements in sustainability at its Corporate Responsibility Report 2015/16

METRO GROUP shows with Corporate Responsibility Report 2015/16 improvements in sustainability Stakeholder survey and materiality analysis bases for the report Independent auditing of the report to emphasize transparency and credibility Düsseldorf/Berlin, 2016-Dec-22 — /EPR Retail News/ — Since 2010, METRO GROUP has subscribed to the principles of the UN Global Compact, a…
December 22, 20160Comments

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Business Electronics Grocery Management Retail Retailer

METRO GROUP: the Wholesale and Food Business to be called METRO; the Consumer Electronics division to be called CECONOMY

New company names published: It is intended that, in the future, the METRO GROUP Wholesale and Food Specialist Company will be called METRO, the METRO GROUP Consumer Electronics Company will be called CECONOMY Two focused, independent companies present their equity stories at the Capital Markets Day After effective date of the…
December 20, 20160Comments

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Business Financial Management Retail Retailer

Unaudited figures: METRO GROUP increased its like-for-like sales by 0.2% in FY 2015/16

Düsseldorf, 2016-Oct-22 — /EPR Retail News/ — According to preliminary, unaudited figures, METRO GROUP increased its like-for-like sales by 0.2% in financial year 2015/16. This means that METRO GROUP has met its financial year sales forecast. Reported sales of €58.4 billion were down on the previous year’s figure by 1.4% due to negative currency and portfolio…
October 22, 20160Comments

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Business Food & Beverage Management Philanthropy Retail Retailer

METRO GROUP announces early extension of existing agreement with German Federation of the Tafel food banks

Düsseldorf, 2016-Sep-24 — /EPR Retail News/ — At today’s ( 22 September 2016) reception on the Day of the Tafel Food Bank, METRO GROUP underscored the high priority of its partnership with the German Federation of the Tafel food banks through an early extension of the existing agreement until 2020. With this move, METRO shows its…
September 24, 20160Comments

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Business Management Retail Retailer

METRO GROUP’s planned demerger into two independent and stock-listed retail companies underway

Düsseldorf, 2016-Sep-06 — /EPR Retail News/ —  After the successful completion of the analysis phase, the planned demerger of METRO GROUP into two independent, strong and stock-listed retail companies is taking concrete shape: the necessary details with regard to corporate law, tax law and the respective capital structure of the two entities were clarified. Today…
September 6, 20160Comments

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Business Management Retail Retailer

METRO to celebrate inaugural Own Business Day on 11 October 2016

Düsseldorf, 2016-Sep-05 — /EPR Retail News/ — Whether it is the cosy café, the family run bed and breakfast or the hairdresser around the corner – small, privately owned businesses, visited by millions of people every single day, play a crucial role in local communities. To pay tribute to their enduring dedication and recognize their accomplishments,…
September 5, 20160Comments

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Business Kiosks Management Marketing PR Retail Retail Software Retailer Technology

METRO GROUP acquires a stake in Munich-based startup Shore

Düsseldorf, Germany, 2016-Aug-03 — /EPR Retail News/ — METRO GROUP acquires a stake in the Munich-based start-up Shore, a market leader in web-based business solutions for local service providers in Europe. Shore supports small and medium-sized businesses and service providers with a cloud-based software that allows them to digitally manage their business processes. The investment…
August 3, 20160Comments

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Business Consumer Goods Consumer Information Consumer Services Electronics Management Marketing Mobile Retail Retailer Technology

METRO GROUP acquires stake in Cologne based start-up offering quick support for technical issues through a network of professional advisors

Düsseldorf, Germany, 2016-Jul-09 — /EPR Retail News/ — METRO GROUP – as minority partner – acquires a stake in the start-up “Deutsche Technikberatung” based in Cologne, one of the participants of the first Spacelab Accelerator Program of Media-Saturn this year. Deutsche Technikberatung regards itself as a “technical support for home users” and offers quick support for…
July 8, 20160Comments

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Business Consumer Services Food & Beverage Management Marketing Merchant Services Online Retailers Retail Retailer

METRO GROUP acquires French food service distribution company Pro à Pro from Colruyt Group

Düsseldorf, Germany , 2016-Jul-09 — /EPR Retail News/ — METRO GROUP has acquired the French food service distribution company for professional customers Pro à Pro from the Belgian retail group Colruyt Group. Pro à Pro is one of the most important food service distribution (FSD) providers in France offering direct food delivery services to different…
July 8, 20160Comments

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Business Management Marketing Outlet Retail Retailer Store Fixtures Transportation & Logistics

METRO GROUP to build its largest logistics hub in Marl — the largest one in Germany

Düsseldorf, 2016-Jul-06 — /EPR Retail News/ — METRO GROUP plans to build its largest logistics hub in Marl to service the German wholesale stores of METRO Cash & Carry and the Real hypermarkets. With a total area of more than 220,000 square meters and over 1,000 jobs, it will be at the same time the…
July 6, 20160Comments

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Business Restaurants Retail Retailer Technology

METRO GROUP acquires stake in the leading provider of iPad based POS systems for restaurants in the German-speaking region

Düsseldorf, Germany, 2016-May-16 — /EPR Retail News/ — METRO GROUP acquires a stake in the Berlin-based start-up orderbird, the leading iPad based point of sale system for restaurants in the DACH region. With this move, METRO GROUP underscores its commitment to digitalisation in the hospitality sector. By investing into yet another start-up with digital solutions…
May 16, 20160Comments

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Business Financial Management Retail Retailer

METRO GROUP achieved like-for-like sales in Q1 2015/16 on prior year level (0.1%)

Group like-for-like sales in Q1 2015/16 on prior year level: +0.1% Very good Christmas business in Germany with like-for-like sales increased by 2.1% Currency adjusted sales growth at METRO Cash & Carry compensates for portfolio changes Media-Saturn with positive sales development especially in Germany and Western Europe Sale of METRO Cash & Carry Vietnam successfully…
January 12, 20160Comments

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Business Management Retail Retailer

METRO GROUP closes the sale of its Cash & Carry wholesale business in Vietnam to Thailand-based TCC

Düsseldorf, Germany, 2016-1-11 — /EPR Retail News/ — METRO GROUP has closed the transaction of the sale of its Cash & Carry wholesale business in Vietnam to Thailand-based TCC. TCC Land International Pte. Ltd., a subsidiary of TCC Holding Co. Ltd., has thereby acquired METRO GROUP'scomplete wholesale operations in Vietnam including all 19 wholesale stores…
January 11, 20160Comments

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Business Food & Beverage Management Retail Retailer

METRO GROUP supports online job recruiting startup Culinary Agents as it expands its services to French and Italian entrepreneurs

Düsseldorf, Germany, 2015-10-28 — /EPR Retail News/ — METRO GROUP is supporting Culinary Agents, the professional networking website for catering and hospitality sectors, to kick off operations in France and Italy this month. Starting in October, the online job recruiting startup offers its services to French and Italian entrepreneurs and specialists of restaurants, caterers and hotels,…
October 28, 20150Comments

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Business Financial Management Retail Retailer

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…
October 19, 20150Comments

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Business Malls Management Retail Retailer

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…
October 1, 20150Comments

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Business Management Retail Retailer

METRO GROUP and Groupe Auchan extend the scope of their innovative purchasing cooperation in France

The new cooperation agreement implies the negotiation of manufactured brands on a local level, combining the strengths of the retailer Groupe Auchan and METRO Cash & Carry, the wholesale division of METRO GROUP. CROIX, France, 2015-9-22 — /EPR Retail News/ — After having started their cooperation at the international level in November 2014, the two partners, facing…
September 22, 20150Comments

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Business Management Retail Retailer

METRO GROUP launches its official flagship store exclusively on Alibaba Group’s Tmall Global platform

The two companies establish strategic partnership to expand their e-commerce endeavors  in China METRO GROUP opens cross-border e-shop on Alibaba Group’s Tmall Global platform offering German goods to Chinese consumers METRO GROUP and Alibaba Group to explore further collaboration opportunities in sourcing, supply chain and big data Düsseldorf, Germany, 2015-9-8 — /EPR Retail News/ — METRO…
September 8, 20150Comments

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Business Management Retail Retailer

METRO GROUP supervisory board proposes Barry Callebaut CEO Jürgen Steinemann as the next board chair

Düsseldorf, Germany, 2015-8-7— /EPR Retail News/ — Düsseldorf-headquartered METRO GROUP is facing a change at the helm of its Supervisory Board: the three largest shareholders of the company, Haniel, Schmidt-Ruthenbeck and Beisheim, as well as the current Supervisory Board ofMETRO AG are backing the succession plan of Supervisory Board Chairman Franz Markus Haniel, who decided to…
August 7, 20150Comments

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Business Management Retail Retailer

METRO GROUP launched the first online platform for comprehensive learning materials on the trade sector

Online portal www.handel-erklaert.de provides learning materials for secondary and vocational schools Ad-free, educationally refined teaching materials on key aspects of trade Offering underscores industries importance as a key economic sector with more than 33 million employees across Europe Düsseldorf, Germany, 2015-5-22 — /EPR Retail News/ — METRO GROUP, the German Retail Federation HDE and the Federation of…
May 22, 20150Comments

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Business Financial Management Retail Retailer

METRO GROUP continues positive trend in its operating business during the second quarter of the financial year 2014/15

Like-for-like sales of METRO GROUP again with substantial increase: + 2.5% in Q2 2014/15 and +2.2% in H1 2014/15 Online and delivery sales continue to show strong momentum EBIT before special items on previous year’s level in Q2 at €-40 million, reaches €984 million in H1 2014/15 (H1 2013/14: €1,033 million)  Negative impact on EBIT…
May 6, 20150Comments

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Business Management Restaurants Retail Retailer

METRO GROUP expands commitment to the start-up sector; takes a share in the American online professional networking site Culinary Agents

A strategic partnership with the start-up Culinary Agents Market niche for the recruitment of qualified personnel to restaurants, hotels and caterers Online job network expanding into France and Italy Düsseldorf, Germany, 2015-4-28 — /EPR Retail News/ — METRO GROUP is expanding its commitment to the start-up sector, taking a share in the American online professional networking site…
April 28, 20150Comments

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Business Management Retail Retailer

METRO GROUP to adjust the goodwill resulting from companies acquired 17 years ago as part of sustainable repositioning of the hypermarket chain Real

Around €450 million impairment of goodwill from the takeover of Allkauf and Kriegbaum stores in 1998 No effect on Group guidance before special items Major investments into stores and services intended Düsseldorf, Germany, 2015-4-24 — /EPR Retail News/ — As part of a sustainable repositioning of the hypermarket chain Real, METRO GROUP will adjust the goodwill resulting…
April 24, 20150Comments

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Business Financial Management Retail Retailer

METRO GROUP achieved its sales and profit targets for the financial year 2013/14

Sales and EBIT guidance achieved in the financial year 2013/2014 Proposed dividend of €0.90 per ordinary share Q1 2014/15: sales adjusted for portfolio changes and currency effects rose by 2.6%; EBIT before special items exceeds exchange-rate adjusted EBIT for previous year Forecast 2014/15: exchange-rate adjusted sales and profits expected to continue increasing New target: by…
February 20, 20150Comments

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Business Financial Management Retail Retailer

Preliminary METRO GROUP sales in Q1 2014/15 grew by 2.6% compared to the previous year quarter

Group sales up by 2.1% in like-for-like terms; 2.6% increase in sales adjusted for currency effects and portfolio changes Christmas business overall positive METRO Cash & Carry records like-for-like sales growth of 1.4%; noticeable growth in Eastern Europe and Asia Media-Saturn grows like-for-like by 3.8% Real with like-for-like sales growth of 0.9% Düsseldorf, Germany, 2015-1-15 — /EPR…
January 15, 20150Comments

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Business Financial Management Retail Retailer

METRO GROUP acquires 15% stake in Düsseldorf-based start-up retailer Emmas Enkel

Real supplies Emmas Enkel stores Significant acceleration of expansion in German city centres Düsseldorf, Germany, 2014-12-12 — /EPR Retail News/ — Emmas Enkel, an emerging corner store and online food retailer, has found a strong partner: METRO GROUP is a new shareholder in the Düsseldorf-based start-up company and now supports its business processes as well as the…
December 12, 20140Comments

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Business Management Retail Retailer

METRO GROUP and Groupe Auchan announce international purchasing partnership

Joint negotiations with multinational suppliers on global level Combined sourcing of non-food private label products Partnership brings benefits for customers Agreement effective from November 2014 Croix/Düsseldorf, 2014-10-23— /EPR Retail News/ — Within the framework of the changing global retail environment, METRO GROUP and Groupe Auchan today announced their agreement to enter into an international purchasing partnership.…
October 23, 20140Comments

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