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Metro AG is one of the very large food retail chains in Europe. Therefore, the announcement that the group will withdraw from Belgium comes as a surprise.
The decision was justified by the fact that Metro always wants to take the position of the market leader in its regional markets. This does not seem to have been achieved in Belgium. As a consequence, Metro AG sold its Belgian companies MAKRO Cash & Carry with all sales divisions to Bronze Properties S.à.r.l. a portfolio investor. The Belgian branch of Metro AG last employed 2000 people in 17 stores.
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Autor: Dr. Frank Mörsberger
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