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Metro AG, otherwise known as Metro Group, is a German multinational wholesale/cash and carry group based in Düsseldorf.[2] It was established in 1964 by Ernst Schmidt and Wilhelm Schmidt-Ruthenbeck. As of 2010, it was the fourth-largest retailer in the world measured by revenues (after Wal-Mart, Carrefour and Tesco).[3]

Metro AG
Aktiengesellschaft
Traded asFWBMEO
IndustryRetailing
Founded1964; Metro AG formed in 1996
Headquarters,
Area served
Europe, Asia
Key people
ProductsCash & Carry/warehouse club, electronics specialty, hypermarket
RevenueDecrease 36,534 billion (2017/18)[1]
Decrease €578 million (2017/18)[1]
Increase €348 million (2017/18)[1]
Total assetsDecrease €15.2 billion (2017/18)[1]
Total equityIncrease €3.2 billion (2017/18)[1]
Number of employees
152,426 (2017/18)[1]
Websitemetroag.de
Logo until 2016
Head office

HistoryEdit

In June 2009, it was reported that the company was looking to purchase some of the assets of Arcandor, after the firm filed for bankruptcy.[citation needed] They split off and floated their Praktiker division in December 2006, a DIY/home improvement chain with stores in several countries.

In 2012, the company threatened Microsoft with legal action for infringing on "Metro" trademarks held by Metro AG. "Metro" had been the name of Microsoft's new "Windows 8-style" user interface.[4]

In November 2012, Metro sold its 91 Real hypermarkets in Poland, Romania, Russia and Ukraine to Auchan for 1.1 billion euro.[5]

On June 15, 2015, Metro AG agreed to sell Galeria Kaufhof to Canadian retail conglomerate Hudson's Bay Company for $3.2 billion.[6]

On March 30, 2016, Metro Group announced that it will be splitting into two independent companies:[7] A spin-off of the wholesale and food sector of current Metro AG will be responsible for the group’s division into two independent and publicly listed companies. Both will have their own Management, Supervisory Board and independent company profiles. Ceconomy is the new company, comprising Media Markt and Saturn electronics stores.

In 2019 Metro wants to sell its 282 Real hypermarkets in Germany.[citation needed]

OperationsEdit

The company operates Metro Cash and Carry wholesale centers in Europe, China, India, Japan and Pakistan. In Belgium, Netherlands, Poland, Portugal, Spain, and Czech Republic, operates stores under Makro brand, which were acquired from SHV Holdings in 1998.

See alsoEdit

ReferencesEdit

  1. ^ a b c d e f "Annual Report 2017/18" (PDF). metroag.de. 13 December 2018.
  2. ^ "Contact & Directions". Metro AG. Retrieved 15 June 2014. Metro-Straße 1, 40235 Düsseldorf[self-published source]
  3. ^ Switching Channels: Global Powers of Retailing 2012 (Report). Delotte. January 2012. p. G11. Archived from the original on 26 June 2015. Retrieved 15 June 2015.
  4. ^ Bright, Peter (2 August 2012). "Sources claim that German retailer Metro AG is unhappy with Redmond". Ars Technica.
  5. ^ Reuters (November 2012). "Metro sells some hypermarket operations to Auchan".
  6. ^ "Canada's Hudson's Bay Company and Metro Group Reach Agreement over Sale of Galeria Kaufhof". hbc.com.
  7. ^ "Metro Group prepares demerger into two independent, strong wholesale and retail groups". metrogroup.de/en.


External linksEdit