GERMANY/JAPAN: Metro opens first Japanese outlet in JV with Marubeni
German retail giant Metro has opened its first Japanese outlet in the members-only commercial wholesaling chain it is developing as a joint venture with Marubeni Corp. The new outlet has already signed up over 10,000 members from small restaurants and food retailers. Metro chairman and CEO Hans-Joachim Koeber told the Nikkei Report that the company has no current plans to enter the retail business in Japan as it has in Europe.
German retail giant Metro has opened its first Japanese outlet in the members-only commercial wholesaling chain it is developing as a joint venture with Marubeni Corp.
The new outlet has already signed up over 10,000 members from small restaurants and food retailers.
Metro chairman and CEO Hans-Joachim Körber told the Nikkei Report that the company has no current plans to enter the retail business in Japan as it has in Europe.
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