German retailer Tengelmann today (29 January) hinted that it may offload some Kaiser outlets in the south west of the country.
Tengelmann, owner of troubled US supermarket chain A&P, told just-food that it is reviewing its Kaiser network in Rhein-Main-Neckar, a region that takes in the cities of Frankfurt and Stuttgart.
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The retailer owns 116 outlets in that part of Germany and a spokesperson for the company said the company could sell some stores – although a final decision has yet to have been made.
“It’s a very huge area but we only have a small number of stores there,” the spokesperson said. “We will decide in four to six weeks.”
The Kaiser network comprises around 700 stores. In 2007, Tengelmann agreed to cede control of Plus, its discount business in Germany, to larger rival Edeka.
Earlier this week, Tengelmann saw its A&P business appoint former Borders Group boss Ron Marshall as its latest CEO in a bid to breathe fresh life into the business.
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