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.
Today (23 December) is just-food's last day before closing for Christmas. We'll return, raring to go on Tuesday 3 January - but of course there's been plenty of top-notch content that has gone live in...
The plethora of food manufacturing associations in the UK has been argued by some to be an impediment to the industry coming to a coherent position on the aftermath of Brexit and on what the sector sh...
- 2017: three major drivers of M&A strategy
- Comment: Premier has more to ponder than Brexit
- The food market in 2017 - consumer trends and M&A
- Trump seen as negative for global food trade
- Analysis: B&G Foods balancing growth and decline
- Premier Foods issues profit warning
- Nestle mum on Mead Johnson takeover talk
- Mondelez sells Vegemite to Bega
- Kellogg to slash 250 jobs
- Lindt sees FY sales acceleration on Europe growth