metro AG

Retail Asia18/02/2019

Alibaba subsidiary Ant Financial says it plans to buy UK-headquartered money-transfer company WorldFirst. And in separate news, the Chinese e-commerce behemoth is in discussions over investing in the Metro China wholesale retail business. The WorldFirst deal will allow Ant Financial to gain market share in Europe’s fintech and payments industries and will give it an […]

Retail Asia04/10/2018

Metro Cash and Carry India is turning to smaller stores to speed up its network rollout as it tries to reach profitability. The German discount wholesaler is about to open its 27th store in the market which will be just 40,000sqft in size, far smaller than the 75,000-100,000sqft format of most existing stores. The new […]

Retail Asia13/08/2015

German retailer Metro AG has paid $290 million to buy Singapore restaurant supplier Classic Fine Foods Group from private equity owned EQT. CFF operates in 25 cities, including Singapore, Dubai, Hong Kong, Bangkok, Kuala Lumpur, London, Ho Chi Minh City and Jakarta. The deal will expand Metro Cash & Carry’s presence from 26 countries to […]

Retail Asia28/05/2015

German retailer group Metro AG is planning to open an imported items specialty retailer inside Shanghai’s Free Commerce Zone by the top of this yr to seize a slice of the booming imported items market. Metro AG stated it expects e-commerce transaction might make up as a lot as 10 % of its general revenue […]

Tag: metro AG

Alibaba’s Ant Financial buys WorldFirst for $700m

Metro Cash & Carry India to open smaller stores to expand quickly

German giant buys Classic Fine Foods

Metro AG to open imported items retailer in FTZ