German Metro group almost achieved the same turnover in the fourth quarter as last year. This means recovery was (so far) smoother than expected.
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German wholesaler Metro has been approached by American catering multinational Sysco about a takeover. The Americans want to buy Metro in order to continue their European expansion.
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The Dutch catering wholesaler Sligro had imagined its conquest of Belgium in a completely different way. Every new store is a new struggle: "The competition has made it very difficult," says CEO Koen Slippens.
There seems to be light at the end of the tunnel for German retail group Metro: a buyer has been found for supermarket chain Real and profits are higher than expected. Unfortunately, losses keep accumulating at Makro in Belgium.
Makro Belgium will receive another 40 million euros from German parent company Metro, but that may well be the final lifeline. The Germans' patience with the loss-making Belgian branch is wearing thin: without a quick improvement the branch may be closed.
Belgian clothing brand Fred & Ginger, part of the FNG Group, has now targeted foreign markets and it will sell its new fall and winter collection to wholesale partner for the first time.