PE Fund Investments

Metro AG may rope in strategic partner for India cash & carry biz

Economic Times  

Metro AG is reviewing its India wholesale cash and carry business as intense competition from Reliance Retail, Udaan, Amazon and Walmart-Flipkart is quickly changing the industry landscape. In case the German parent does not agree to invest further in India where its profitability lags its global benchmark, Metro Cash and Carry India may rope in a strategic partner. Metro has appointed consultancy firm Bain & Company to identify various options and the final decision is likely to be taken in the next 2-3 months.

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