Issue 2011 May 17th

This issue was created on 2011-05-17 08:53:00

  • Metro “gives up” on German mega-mergerMay 17, 2011
Prospects of a merger between two of Germany’s best known department store groups looks finally to have been buried after a long-standing but tense courtship. German groceries to electronics retailer Metro Group has given up on its attempts to persuade the owner of department-store rival Karstadt to merge the business with Metro's Kaufhof unit, the head of Metro has conceded.
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