World Library  
Flag as Inappropriate
Email this Article
 

Metro AG

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 66.739 billion (2012)[1]
€2.113 billion (2012)[1]
Profit €741 million (2012)[1]
Total assets €34.766 billion (2012)[1]
Total equity €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. 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.

Contents

  • Sales divisions 1
  • International presence 2
  • Recent news 3
  • See also 4
  • References 5
  • External links 6

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.

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. ^ a b c d e f "Annual Report 2011" (PDF). Metro AG. Archived from the original (PDF) on 2 September 2014. Retrieved 20 October 2011. 
  2. ^ "Contact & Directions". Metro AG. Retrieved 15 June 2014. Metro-Straße 1, 40235 Düsseldorf 
  3. ^ Switching Channels: Global Powers of Retailing 2012 (Report). Delotte. January 2012. p. G11. Retrieved 15 June 2015. 
  4. ^ Bright, Peter (2 August 2012). "Sources claim that German retailer Metro AG is unhappy with Redmond.". Ars Technica. 
  5. ^ "Canada's Hudson's Bay Company and Metro Group Reach Agreement over Sale of Galeria Kaufhof". hbc.com. 

External links

Media related to at Wikimedia Commons

  • Official website
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 



Copyright © World Library Foundation. All rights reserved. eBooks from World eBook Library are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.