Metro AG news and archive

CoS apporves 51% FDI in mulit-brand retail

Finally the news Indian and MNC retailers and consumers alike were waiting for has happened. Last Friday, the Committee of Secretaries (CoS) have recommended opening up foreign direct investment (FDI) up to 51 per cent in the multi-brand retail sector. This will open up doors for retail giants like Wal-Mart, Carrefour and Metro AG who've been...

Apparel

Metro AG to open 50 stores

Metro AG, Germany’s biggest retailer, plans to open as many as 50 wholesale stores in the next five years across India. Metro, which has six wholesale stores in India since it became the first overseas retailer to open such a store in 2003. It is now expanding in the world’s second fastest growing economy as it seeks to cut its dependence on its...