Metro AG

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Not to be confused with Metro Inc..
Metro AG
Aktiengesellschaft
Traded as FWB: MEO
Industry Retailing
Founded 1964; Metro AG formed in 1996
Headquarters Düsseldorf, Germany
Area served
 Europe, Asia, Africa
Key people
Products Cash & Carry/warehouse club, department store, electronics specialty, hypermarket/supercenter/superstore, other specialty
Revenue Increase €66.739 billion (2012)[1]
Increase €2.113 billion (2012)[1]
Profit Increase €741 million (2012)[1]
Total assets Increase €34.766 billion (2012)[1]
Total equity Increase €6.101 billion (2012)[1]
Number of employees
 244,601 (2012)[1]
Divisions Metro Cash and Carry, Real, Media Markt & Saturn, Galeria Kaufhof
Website www.metrogroup.de

Metro AG, otherwise known as Metro Group, is a German global diversified retail and wholesale/cash and carry group based in Düsseldorf.[2] It has the largest market share in its home market, and is one of the most globalised retail and wholesale corporations.[citation needed] As of 2010, it was the fourth-largest retailer in the world measured by revenues (after Wal-Mart, Carrefour and Tesco).[3] It was established in 1964 by founders Ernst Schmidt and Wilhelm Schmidt-Ruthenbeck (1906-1988). Otto Beisheim became CEO and Chairman of Metro.

Sales divisions

The company operates the following sales divisions:

  • Metro and Makro Cash and Carry (Makro stores in the United Kingdom and elsewhere in Europe were acquired from SHV Holdings in 1998): This division accounts for nearly half of group sales as of 2004, and is by far the most internationalised division, with stores in almost every country in which the group operates.
  • Real: A hypermarket operator. 265 stores in Germany and 34 elsewhere as of early 2005.
  • Media Markt and Saturn: Media Markt and Saturn are consumer electronics stores in Germany and several other European countries.
  • Galeria Kaufhof: A department store chain with locations in Germany and Belgium ("Inno"). Sold to Hudson's Bay Company in 2015 for $3.2 billion U.S. dollars.

As of 2007 it has added the former Wal-Mart Germany stores to the Real chain.

International presence

Metro Group around the world

As of 2012, the Metro Group operated stores in 25 European countries, 5 Asian countries, and 1 in Africa.

Recent news

In June 2009 it was reported that the company was looking to purchase some of the assets of Arcandor, after the firm filed for bankruptcy.[citation needed]

They split off and floated their Praktiker division in December 2006, a DIY/home improvement chain with stores in several countries.

In 2012, the company threatened Microsoft with legal action for infringing on "Metro" trademarks held by Metro AG. "Metro" had been the name of Microsoft's new "Windows 8-style" user interface.[4]

On June 15, 2015, Metro AG agreed to sell Galeria Kaufhof to Canadian retail conglomerate Hudson's Bay Company for $3.2 billion.[5]

See also

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 Lua error in package.lua at line 80: module 'strict' not found.[self-published source]
  2. ↑ Lua error in package.lua at line 80: module 'strict' not found.[self-published source]
  3. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

Media related to Lua error in package.lua at line 80: module 'strict' not found. at Wikimedia Commons

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