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Tag: Olaf Koch

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Business Financial Law Management Retail Retailer

BaFin approves the stock exchange listing for METRO Wholesale & Food Specialist AG

Exchange listing of the shares of new METRO expected by Mid-July 2017 Current METRO AG shares to become CECONOMY shares Listing of the stock in the Prime Standard of the Frankfurt Stock Exchange intended Düsseldorf, 2017-Jun-27 — /EPR Retail News/ — The Federal Financial Supervisory Authority (BaFin) has approved the stock exchange listing…
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 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 E-Commerce Management Retail Retailer Technology

Ten start-ups to present at the 2nd Demo Day of METRO / Techstars Accelerator

Ten start-ups make presentations at the second Demo Day of METRO Accelerator powered by Techstars Digital business models for the food service and hospitality sector presented to about 300 international investors and experts Acceleration of digitisation in the food service and hospitality sector and new momentum for the entire industry New accelerator…
December 9, 20160Comments

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Business Management Retail Retailer

New METRO Accelerator for Retail powered by Techstars to drive digital solutions for the retail sector

New METRO Accelerator for Retail powered by Techstars: METRO and Real jointly focus on digital services for the retail sector In search of innovations and technologies for independent traders and retailers Three-month program for ten international start-up teams complements existing Accelerator program for the digitisation of the hospitality sector Applications welcome now…
November 18, 20160Comments

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Business Marketing Retail Retailer Technology

The METRO Accelerator powered by Techstars kicks off at the German Tech Entrepreneurship Center in Berlin

Berlin, 2016-Sep-13 — /EPR Retail News/ — The METRO Accelerator powered by Techstars is kicking off its second round with ten new start-ups. The international teams from seven cities and five countries will participate in a three-month, intensive programme at the offices of the German Tech Entrepreneurship Center in Berlin where they will receive active coaching…
September 13, 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 GROUP appoints Michael Wedell to take over management of newly created function Corporate Communications and Public Policy

Düsseldorf, 2016-Sep-01 — /EPR Retail News/ —  Effective 15 September, METRO GROUP is combining its functions Corporate Communications and Public Policy under one roof. The current Group Director Corporate Public Policy of METRO AG, Michael Wedell, is taking over the management of the newly created function Corporate Communications and Public Policy. Wedell joined METRO GROUP in…
September 1, 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 Management Retail Retailer Technology

Techstars powered METRO Accelerator opens the application process for its second programme for start-ups

Wanted are international start-ups that promote the digitalisation of the restaurant, hotel and catering sector Ten selected teams are offered €120,000 investment and access to METRO's and Techstars' network of experts Continuation of the world’s first accelerator for digital solutions in the food tech and hospitality industry, starting in September in Berlin Applications for the…
April 14, 20160Comments

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Business Management Retail Retailer

METRO AG prepares demerger into two independent and sector focused companies: Wholesale and Food Specialist group, and Consumer Electronics group

Creation of two independent, stock-listed companies as market leaders in their respective sectors Separation of METRO GROUP into a Wholesale and Food Specialist group, and a Consumer Electronics group Both companies with improved focus, quicker decision making processes, more flexibility and improved operational efficiency CEO Koch: "The creation of two independent companies would be the…
April 2, 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 Marketing Restaurants Retail Retailer Technology

METRO Start-up Study 2015 shows digital tools continually gaining importance among restaurateurs and customers

METRO Start-up Study 2015 investigates the demand for digital tools and services in the hotel and food service industries Young adults in particular want more digital services, like the option to reserve tables and pay via smartphone in restaurants and cafés Business owners’ use of digital tools is so far largely limited to image-building and…
November 18, 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 Management Marketing Retail

Techstars METRO Accelerator announces the start-ups taking part in its programme

Techstars METRO Accelerator supports Digital Transformation in restaurants, hotels and catering companies Eleven international startup teams are moving to Berlin for three months New technologies help independent entrepreneurs from the hospitality industry develop their business Düsseldorf, Germany, 2015-10-13 — /EPR Retail News/ — Techstars METRO Accelerator opens its doors today and announces the start-ups taking part…
October 13, 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 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 Financial Management Retail Retailer

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…
June 15, 20150Comments

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Business Management Retail Retailer

METRO Cash & Carry to grant its national subsidiaries more entrepreneurial freedom and will implement new organisational structure starting on 1 July 2015

New Operating Model strengthens the responsibility of national subsidiaries and replaces METRO Cash & Carry Board with team of Operating Partners Decentralisation of operational functions Olaf Koch: "Value is created with the customer, and the new model will make us quicker, more streamlined and more dynamic" Düsseldorf, Germany, 2015-5-9 — /EPR Retail News/ — METRO Cash &…
May 8, 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 Food & Beverage Management Marketing Restaurants Retail Retailer

METRO and Techstars officially launched the new Techstars METRO Accelerator; applications until 3 August 2015

Düsseldorf, Germany, 2015-4-28 — /EPR Retail News/ — METRO and Techstars have officially launched the new Techstars METRO Accelerator: Starting immediately, the two partners are seeking start-up teams who support the digitisation of the gastronomy, hotel, catering and food industries with their technological applications. From now until 3 August 2015, interested teams of founders from around the…
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 Management Marketing Retail Retailer

METRO partners with US company Techstars to support innovative hospitality start-ups

Techstars METRO Accelerator: METRO collaborates with US partner Techstars to promote digital innovations for customers in the hospitality sector Innovation to be an integral part of METRO GROUP’s corporate strategy: customer and market trends to be incorporated faster into business operations Focus on new channels, logistics and marketing solutions as well as innovative services New…
February 10, 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 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…
October 21, 20140Comments

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Business Management Retail Retailer

METRO AG extends contract of CEO Olaf Koch

Düsseldorf, Germany, 2014-9-25— /EPR Retail News/ — The Supervisory Board of METRO AG has, as expected, extended in today's meeting the contract of the Chief Executive Officer Olaf Koch with unanimous vote. Koch's current contract, which is running until September 2015, will be renewed until September 2018, the Duesseldorf based retailing and trading group announced on Wednesday. "The…
September 25, 20140Comments

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