METRO has no plans to sell Galeria Kaufhof
According German press informations the company is currently working on floating Media Markt/Saturn and considering divesting its Real hypermarket chain. The sale of Adler is close.
Metro CEO Eckhard Cordes has said to
Sueddeutsche Zeitung that it is not holding talks to sell its Galeria
Kaufhof department stores. Despite the recently announced preliminary
results for 2008 showing a 1.1% decline in sales, Cordes said,
Kaufhof is performing well, so the sale can wait. A part of Media
Markt/Saturn could come to the stock exchange, there are several
meeting with potential buyer of Adler, Metro's textil retailer.
Related news
Related news
The Hungarian Product trademark gives companies a sense of community and customers reliable quality
Professional cooperation based on mutual benefits enables businesses to overcome…
Read more >Péter Szautner joins the Bonafarm Group
Péter Szautner continues his career as Deputy CEO and Group…
Read more >Lidl and the Ministry of Agriculture announced: the domestic melon season has begun
The first shipment of watermelons from Hungarian suppliers has arrived…
Read more >