Reliance retail acquires Metro AG India for $344m
What: Reliance’s acquisition seems to be an answer to Shopper’s stop latest move.
Why it is important: Galeries Lafayette are set to open two new stores in India within 2024. India seems to be accelerating into becoming a serious rival to China when it comes to retail growth.
Indian conglomerate Reliance Retail has acquired the Indian division of German retail company Metro for $344m.
Metro entered India in 2003 and currently operates 31 stores with 3,500 employees, mostly in prime locations. It recorded $930m in sales in 2022 (ending September).
Interestingly, the market is accelerating and this move seems to be a response to Shopper’s Stop new store format that we reported here.
Related posts
When the AI wave crashes: What history, behaviour and markets tell us
When the AI wave crashes: What history, behaviour and markets tell us
Heading 1
Heading 2
Heading 3
Heading 4
Heading 5
Heading 6
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
Block quote
Ordered list
- Item 1
- Item 2
- Item 3
Unordered list
- Item A
- Item B
- Item C
Bold text
Emphasis
Superscript
Subscript
Nordstrom’s Manhattan flagship has transformed holiday shopping into a playful experience
Nordstrom’s Manhattan flagship has transformed holiday shopping into a playful experience
Heading 1
Heading 2
Heading 3
Heading 4
Heading 5
Heading 6
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
Block quote
Ordered list
- Item 1
- Item 2
- Item 3
Unordered list
- Item A
- Item B
- Item C
Bold text
Emphasis
Superscript
Subscript