Metro Group enters Indonesian market in 2012

Metro Group has announced to open its first hypermarket in Jakarta next year, making Indonesia the 34th country in its portfolio. It will not be able to use its international brand names though, as both Metro and Makro already exist in the former Dutch colony.

To realise its big expansion plans, Metro Group has entered a joint venture with Sintesa, a holding with a years long experience in retailing real estate in Indonesia. The group aims at opening 20 stores throughout Indonesia (creating 4000 jobs) and an employee training centre next year.

Metro Group generates a yearly turnover of 67 billion euro, two thirds of which outside of Germany. Its 2100 stores employ 280,000 people.

Metro Group has announced to open its first hypermarket in Jakarta next year, making Indonesia the 34th country in its portfolio. It will not be able to use its international brand names though, as both Metro and Makro already exist in the former Dutch colony.

To realise its big expansion plans, Metro Group has entered a joint venture with Sintesa, a holding with a years long experience in retailing real estate in Indonesia. The group aims at opening 20 stores throughout Indonesia (creating 4000 jobs) and an employee training centre next year.

Metro Group generates a yearly turnover of 67 billion euro, two thirds of which outside of Germany. Its 2100 stores employ 280,000 people.

Questions or comments? Please feel free to contact the editors


New owner for Havaianas

14/07/2017

Brazilian Alpargatas, known for its famous Havaianas slippers, has a new owner. Investment firm J&F Investimentos sold its majority stake to three Brazilian banks.

Tiffany & Co appoints new CEO

14/07/2017

Jewelry chain Tiffany & Co appointed Alessandro Bogliolo as its new CEO, succeeding Frederic Cumenal who left the company five months ago. However, Bogliolo will only take over on 2 October.

C&A suffers another loss in Belgium

14/07/2017

In 2016, clothing chain C&A once again suffered a blow in Belgium. The Dutch company suffered a turnover drop, but also had to deal with a loss for the second straight year.

Disappointing profit numbers for Fast Retailing

14/07/2017

Fast Retailing, which owns Japanese fashion company Uniqlo, published very disappointing third quarter profit results. Turnover grew nearly 9 % but its profit failed to meet analysts’ expectations.

About You will launch this fall in the Netherlands and Belgium

13/07/2017

The German online fashion platform About You, with retail group Otto as one of its investors, will officially launch in the Netherlands and Belgium this fall. The platform will sell a range of well-known fashion brands. 

Slight turnover increase for lingerie manufacturer Van de Velde

13/07/2017

Lingerie manufacturer Van de Velde seems to have gotten back on track in the first half of its current fiscal year. Following a difficult 2016, turnover grew more than 1 % in the first half of this year.

Back to top