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Metro Cash & Carry

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

TMS Ep374: Bike taxi ban, METRO Cash & Carry, markets, EPFO's new scheme

Why are states opposed to bike taxis? Will METRO Cash & Carry get scale under RIL? Where to invest in this range-bound market? What are the changes in EPFO's pension scheme? All answers here

TMS Ep374: Bike taxi ban, METRO Cash & Carry, markets, EPFO's new scheme
Updated On : 22 Feb 2023 | 8:00 AM IST

Reliance Retail may convert Metro Cash & Carry stores into B2B outlets

They may not be converted into hypermarkets and supermarkets as many are on city outskirts

Reliance Retail may convert Metro Cash & Carry stores into B2B outlets
Updated On : 27 Dec 2022 | 7:49 PM IST

Reliance Retail to acquire Metro Cash & Carry India for Rs 2,850 crore

The acquisition is expected to strengthen Reliance Retail's physical store footprint across the country

Reliance Retail to acquire Metro Cash & Carry India for Rs 2,850 crore
Updated On : 22 Dec 2022 | 11:51 PM 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 set to acquire METRO Cash & Carry India in 500 million euros deal

Reliance Industries is set to acquire German retailer METRO AG's Cash & Carry business in India in a deal estimated at around 500 million euros (Rs 4,060 crore), industry sources said. The deal includes 31 wholesale distribution centres, land banks and other assets owned by METRO Cash & Carry here, they said. This is going to help Reliance Retail, the country's largest retailer, expand its presence in the B2B segment. Discussion between billionaire Mukesh Ambani-led Reliance Industries and METRO was going on for the past few months and last week the German parent firm agreed to the offer from Reliance Retail, they added. When contacted, both METRO and Reliance Industries declined to comment on the development. A Reliance spokesperson said, "Our company evaluates various opportunities on an ongoing basis." METRO AG's spokesperson said, "We do no comment on market rumour or speculations." METRO Cash & Carry's customers include retailers and kirana stores, hotels, restaurants

Reliance set to acquire METRO Cash & Carry India in 500 million euros deal
Updated On : 06 Nov 2022 | 11:46 PM IST

RIL's initial bid for Metro Cash & Carry India at Rs 5,600 crore: Report

Thailand's CP Group has placed a bid of about Rs 8,000 crore, or $1 billion, to acquire Metro Cash & Carry India

RIL's initial bid for Metro Cash & Carry India at Rs 5,600 crore: Report
Updated On : 29 Aug 2022 | 11:48 AM IST

Top Headlines: Monsoon Session starts today; rupee's worst may soon be over

The Monsoon Session of Parliament will start on Monday and will see the election of a new President of India

Top Headlines: Monsoon Session starts today; rupee's worst may soon be over
Updated On : 18 Jul 2022 | 7:44 AM 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

Billionaires are vying for Metro's Indian wholesale unit: Report

Thailand's CP Group, Reliance have submitted non-binding bids, according to people familiar with the matter; Amazon is also considering entering the race with an offer

Billionaires are vying for Metro's Indian wholesale unit: Report
Updated On : 11 Jul 2022 | 9:07 PM IST

PE firm Lightspeed gets bid invite for Metro Cash & Carry's India ops

Lightspeed is the second PE fund approached by Metro AG, apart from Samara Capital, say sources

PE firm Lightspeed gets bid invite for Metro Cash & Carry's India ops
Updated On : 02 Jun 2022 | 6:04 AM IST
Updated On : 01 Jun 2022 | 6:30 AM 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

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

Metro Cash and Carry India stops stocking Mondelez products over margins

The maker of Dairy Milk chocolates decided to cut margins by 25-30% for the German-headquartered company

Metro Cash and Carry India stops stocking Mondelez products over margins
Updated On : 10 Dec 2021 | 11:43 PM IST

Wholesaler METRO Cash & Carry India opens its 29th store at Visakhapatnam

METRO Cash & Carry India, the country's leading organised wholesaler, on Wednesday announced opening of a new store at Visakhapatnam, taking the total strore count to 29. The new store is the second METRO Wholesale in Andhra Pradesh after Vijaywada, which will help generate close to 500 direct and indirect employment opportunities, said a company statement. Spread over 50,000 sq.ft, the new store stocks a wide range of globally benchmarked quality assortment of over 7,500 products in both food and non-food category, it added. METRO Cash & Carry India MD and CEO Arvind Mediratta said Andhra Pradesh is a priority market for the company and would increase its footprint in the state. "We will continue investing to add more stores in the state, provide diverse product assortment and offer innovative digital solutions for an enhanced omni-channel experience for our customers, he said. The new store is integrated with METRO's B2B e-commerce app for traders and will offer the kirana ..

Wholesaler METRO Cash & Carry India opens its 29th store at Visakhapatnam
Updated On : 21 Jul 2021 | 4:49 PM IST