Metro says it has no plans to introduce its Real or MediaMarkt Saturn brands into India following Indian government's decision to permit foreign ownership of multibrand and single-brand retailers, will stay focused on its cash-and-carry stores

Allison Oesterle

Allison Oesterle

Nov 25, 2011 – Industry Intelligence

LOS ANGELES , November 25, 2011 () – According to a company spokesperson, diversified retail and wholesale cash-and-carry group Metro AG has no plans to introduce its Real or MediaMarkt Saturn brands into India in the wake of the Indian government’s decision to change laws concerning the foreign ownership of multi-brand and single-brand retailers, Reuters reported on Nov. 24.

Instead, Metro, which already has eight stores in India, indicated that it would focus on its cash-and-carry business in India.

Even before the recent changes to foreign ownership laws, foreign retailers were allowed to own and operate cash-and-carry, or wholesale, stores in India.

A Metro spokesperson reported that Metro plans to open at least five new cash-and-carry stores a year in India.

Metro AG’s cash-and-carry division first entered the Indian market in 2003.

Metro AG, which considers its Real hypermarket business to be a non-core endevour, has indicated that it would be willing to sell the Real brand if offered an appropriately attractive proposal.

The primary source of this article is Reuters, London, England, on Nov. 24, 2011.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.


About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025 795

+1 (310) 558 0008
+1 (310) 558 0080 (FAX)

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.