Metro Group Archives - Just Food
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Metro Group

Quote, unquote: just-food’s week in words

Quote, unquote: just-food’s week in words

The Consumer Analyst Group of Europe conference dominated news this week with updates from Kraft Foods Group, Glanbia and Nestle. Elsewhere GM was back in the spotlight with the UK Prime Minister's scientific advisers arguing the technology is safe. Also this week the political tensions in Russia and Ukraine saw Metro Group delay an IPO of its Russian cash-and-carry unit and Lidl announced the departure of chairman Karl-Heinz Holland.

RUSSIA: X5 Retail Group “exits Ukraine”

Russian retailer X5 Retail Group has reportedly sold its Ukraine stores to local rival Varus in a US$5-10m deal that sees the retail giant exit the country. According to Reuters…

GERMANY: Metro shares slide on earnings miss

German retailer Metro Group saw its share price slip in early trade today (11 February) after reporting a decline in first-quarter sales and operating earnings that missed market expectations. During…

BELARUS: Auchan plays down market entry talk

French retailer Auchan has sought to play down speculation it is to open its first hypermarket in Belarus in 2015. According to a report in Retail Studio, Auchan is interested…