Blog: Metro Group boss taking all roads East
Dean Best | 18 March 2008
Metro Group, a titan of the world’s retail scene, is going through a period of transition. A new chief executive has got his feet under the table and is making changes right across the business.
Much of today’s (18 March) headlines from Metro’s HQ in Dusseldorf rightly centred on the admission from CEO Dr Eckhard Cordes that the company’s hypermarket business in Germany could be scaled back in the coming months.
However, perhaps more telling were signs of Metro’s moves to expand internationally. As indicated on these pages last autumn, Metro may once have been at the forefront of globalisation in the retail sector but now, with growing competition from the likes of Wal-Mart, Carrefour and Tesco, the German giant needs to reassert itself internationally.
Look behind the headlines of Metro’s domestic business and you see that the company is looking to expand its Real chain further into Eastern Europe, with Ukraine the next port of call.
And today on these pages, we bring you news of Metro’s plans even further east as the company plans to spend some US$75m expanding its cash-and-carry business in India.
With Cordes, a former DaimlerChrysler executive at the wheel, it will be nothing but an interesting ride ahead for Metro.
UK consumers are being urged to think of other ways to use their jack-o-lanterns and cut the millions of tonnes of pumpkin that is wasted at this time of year....
A new report by the Soil Association has highlighted a lack of healthy lunch options at the cafes of some of the UK's most prestigious visitor attractions....
The BBC turned to just-food today for insight on the price dispute between Tesco and Unilever....
Just weeks after buying UK turkey processor Bernard Matthews from administration, food tycoon Ranjit Boparan has struck a similar deal....
- Nestle India grows with global, digital innovation
- Lamb Weston goes it alone: six things to learn
- How Nestle tackles Indian challenges - interview
- Analysis: Tyson's shrewd investment in Beyond Meat
- Thailand: convenience to continue to thrive
- Mars launches Maltesers in the US
- Campbell backs US nutrition start-up Habit
- Bel takes majority stake in MOM Group
- Mondelez focuses on margins as sales slip
- Nestle's Buitoni to remove GMOs
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Packaged Food: Quarterly Statement Q3 2016
- Omega-3 in Food and Beverage:Time for a Reboot?
- Global Food Packaging: Innovating for Greater Convenience and Quality Image
- Meat Processing in China - Industry Market Research Report