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Metro Ag

Reliance Industries pays Rs 254 crore license fee to Metro to use its name

Metro AG clarified in its latest annual report that the payment is part of the transitional services and licences provided by Metro AG

Reliance Industries pays Rs 254 crore license fee to Metro to use its name
Updated On : 20 Dec 2023 | 10:38 AM IST

Reliance Retail opens Metro Cash & Carry stores; to continue wholesale biz

Last December, Reliance Retail Ventures acquired Metro Cash and Carry India for Rs 2,850 crore

Reliance Retail opens Metro Cash & Carry stores; to continue wholesale biz
Updated On : 05 Sep 2023 | 1:30 PM IST

Reliance buyout of METRO Cash & Carry India gets CCI's clearance

METRO India began operations in India in 2003 and was the first company to introduce a cash-and-carry business format in the country

Reliance buyout of METRO Cash & Carry India gets CCI's clearance
Updated On : 15 Mar 2023 | 12:25 AM IST

CCI clears Reliance's over $300 million buy of Metro's local business

Metro has been active in the Indian market since 2003 and reported sales of about Rs 7,700 crore for the financial year ended September 2022

CCI clears Reliance's over $300 million buy of Metro's local business
Updated On : 14 Mar 2023 | 8:06 PM IST

RIL will give us scale, can negotiate better with suppliers: METRO MD & CEO

The B2B model that METRO Cash and Carry is focussed on has a lot of opportunities in the Indian market, says METRO Cash & Carry MD & CEO Arvind Mediratta

RIL will give us scale, can negotiate better with suppliers: METRO MD & CEO
Updated On : 21 Feb 2023 | 9:58 PM IST

Reliance Retail to turn Metro stores into destination retail outlets

Metro sold only to business customers as its German parent had to comply with India's FDI norms

Reliance Retail to turn Metro stores into destination retail outlets
Updated On : 11 Jan 2023 | 1:59 PM IST

Metro AG exits: Here is what happened to other foreign retailers in India

Reliance Retail on Wednesday announced acquiring a 100 per cent stake in German retailer Metro AG

Metro AG exits: Here is what happened to other foreign retailers in India
Updated On : 22 Dec 2022 | 11:45 AM IST

Top Headlines: Reliance to acquire METRO AG's India biz, Covid-19 alert

Business Standard brings you the top headlines at this hour

Top Headlines: Reliance to acquire METRO AG's India biz, Covid-19 alert
Updated On : 22 Dec 2022 | 9:00 AM IST

Reliance may retain Metro India's top management post-acquisition: Report

The acquisition includes 31 wholesale distribution centres, land and other assets owned by Metro

Reliance may retain Metro India's top management post-acquisition: Report
Updated On : 08 Nov 2022 | 12:11 PM IST

Reliance sole bidder for Metro's India business, says report

Representatives for Metro and Reliance declined to comment, while a spokesperson for CP Group didn't immediately respond to requests for comment.

Reliance sole bidder for Metro's India business, says report
Updated On : 13 Oct 2022 | 10:24 PM IST

Metro AG: In deal season, German cash & carry chain feels the heat in India

The low-profile German cash & carry chain is suddenly finding itself at the centre of controversy as negotiations for the sale of its India business get underway

Metro AG: In deal season, German cash & carry chain feels the heat in India
Updated On : 17 Jul 2022 | 8:42 PM IST

CAIT alleges FDI policy violations by Metro; German retailer denies charge

Traders' body CAIT on Thursday accused Metro AG of fund diversion and violating FDI regulations in India, a charge which the German cash-and-carry major rejected as "false and malicious". The Confederation of All India Traders (CAIT) raised serious objections over the business practices of Metro AG's Indian subsidiary Metro Cash & Carry. Metro Cash & Carry India currently operates 31 stores in the country under the brand Metro Wholesale. Metro AG, which had entered the Indian market in 2003, is now reportedly scouting for a partner to sell a majority stake in its Indian subsidiary. Several entities, including Amazon, Thailand's Charoen Pokphand (CP) Group, Reliance Retail, Avenue Supermarts (D-Mart), Tata Group and Lulu Group, are said to be in the race to acquire the majority stake. "As per the media reports Metro Germany is looking to sell the India business and make profits of over Rs 10,000 crore on its investment in India which is nothing but the diversion of funds by ...

CAIT alleges FDI policy violations by Metro; German retailer denies charge
Updated On : 30 Jun 2022 | 8:30 PM IST

Cashing out of Asia

The German group has been completely focused on its European operations at a time when there have been quite a few setbacks

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Updated On : 31 May 2022 | 11:21 PM IST

Top Headlines: Final race for Metro AG; govt's bid for IDBI sale, and more

The Centre is looking to woo top global investors for the sale of its stake in IDBI Bank as a team of senior government officials visits the US this week. Read more in our top headlines

Top Headlines: Final race for Metro AG; govt's bid for IDBI sale, and more
Updated On : 30 May 2022 | 6:55 AM IST

RIL, Adani in three-horse race to strike a deal with Germany's Metro AG

In talks to buy a partial or full stake in German retailer's India unit

RIL, Adani in three-horse race to strike a deal with Germany's Metro AG
Updated On : 30 May 2022 | 6:10 AM IST

Why is the Indian market a hard nut to crack for foreign retailers?

Metro AG decided to exit India after 19 years. Is Indian market a hard nut to crack for international retail giants? Or India's business model is tilted in favour of local firms? Let us understand

Why is the Indian market a hard nut to crack for foreign retailers?
Updated On : 23 May 2022 | 7:00 AM IST

Top Headlines: Metro AG eyes India exit; CIL's slow growth, and more

Business Standard brings you the top headlines at this hour

Top Headlines: Metro AG eyes India exit; CIL's slow growth, and more
Updated On : 21 May 2022 | 8:08 AM IST

Metro Cash & Carry may offer control to investor to fund expansion

Intends to raise $300-400 million as German parent unwilling to infuse fresh funds

Metro Cash & Carry may offer control to investor to fund expansion
Updated On : 21 May 2022 | 6:01 AM IST

German retailer Metro looking to sell India operations for $1.75 bn: Report

The German retailer operates 31 cash-and-carry stores across India

German retailer Metro looking to sell India operations for $1.75 bn: Report
Updated On : 20 May 2022 | 12:14 PM IST

Wipro takes over Metro-NOM GMBH, Metro Systems Romania for 52.04 mn euros

IT services major Wipro on Thursday said it has completed the takeover of Metro-NOM GMBH and Metro Systems Romania SRL for 52.04 million euros (about Rs 448.6 crore)

Wipro takes over Metro-NOM GMBH, Metro Systems Romania for 52.04 mn euros
Updated On : 01 Apr 2021 | 8:40 PM IST