METRO AG
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| Aktiengesellschaft | |
| Traded as | : MEO |
| Industry | Retailing |
| Founded | 1964; Metro AG formed in 1996 |
| Headquarters | Düsseldorf, Germany |
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Area served
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Europe, Asia, Africa |
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Key people
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| Products | Cash & Carry/warehouse club, department store, electronics specialty, hypermarket/supercenter/superstore, other specialty |
| Revenue |
 €58.417 billion (2015/16)
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 €1.560 billion (2015/16)
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|
| Profit |
€599 million (2015/16)
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| Total assets |
€24.952 billion (2015/16)
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| Total equity |
€5.332 billion (2015/16)
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|
Number of employees
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219,678 (2015/16) |
| Divisions | |
| Website | metrogroup.de |
Metro AG, otherwise known as Metro Group, is a German global diversified retail and wholesale/cash and carry group based in Düsseldorf. As of 2010[update], it was the fourth-largest retailer in the world measured by revenues (after Wal-Mart, Carrefour and Tesco). It was established in 1964 by founders Ernst Schmidt and Wilhelm Schmidt-Ruthenbeck (1906-1988). Otto Beisheim became CEO and Chairman of Metro.
In June 2009 it was reported that the company was looking to purchase some of the assets of Arcandor, after the firm filed for bankruptcy. They split off and floated their Praktiker division in December 2006, a DIY/home improvement chain with stores in several countries.
In 2012, the company threatened Microsoft with legal action for infringing on "Metro" trademarks held by Metro AG. "Metro" had been the name of Microsoft's new "Windows 8-style" user interface.
On June 15, 2015, Metro AG agreed to sell Galeria Kaufhof to Canadian retail conglomerate Hudson's Bay Company for $3.2 billion.
The company operates the following sales divisions:
On March 30, 2016 Metro Group announced that it will be splitting into two independent companies:
· A leading international wholesale and food specialist, comprising Metro, Makro and Real, as well as a corresponding division and service companies.
· A leader in consumer electronics products and services, comprising Media Markt and Saturn and its portfolio including strong formats and brands.
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