Olaf Koch
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| Aktiengesellschaft | |
| Traded as | : MEO |
| Industry | Retailing |
| Founded | 1964; Metro AG formed in 1996AD |
| Headquarters | Düsseldorf, Germany |
|
Area served
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Europe, Asia, Africa |
|
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)
|
 €1.560 billion (2015/16)
|
|
| Profit |
€599 million (2015/16)
|
| Total assets |
€24.952 billion (2015/16)
|
| Total equity |
€5.332 billion (2015/16)
|
|
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. It was established in 1964 by Ernst Schmidt and Wilhelm Schmidt-Ruthenbeck As of 2010[update], it was the fourth-largest retailer in the world measured by revenues (after Wal-Mart, Carrefour and Tesco).
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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Wikipedia