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.