Metro to sell Moroccan business, might shed other units

11/29/2010 | Reuters

Germany-based Metro's eight cash-and-carry stores in Morocco are being acquired by a Carrefour franchisee, Label'Vie, for €120 million. "This market exit also demonstrates that we are consistently benchmarking our country portfolio against earnings targets and will not hesitate to also make severe cuts," said Joel Saveuse, chief executive of Metro Cash & Carry Europe. Metro also indicated that it might sell other underperforming divisions as it aims to improve retail margins.

View Full Article in:

Reuters

Published in Brief:

SmartBrief Job Listings for Retail

Job Title Company Location
Director of Retail Operations
Green Bay Packers, Inc.
Green Bay, Wisconsin
Allocation Manager
Christmas Tree Shops
Union, New Jersey
Manager/Buyer, General Merchandise & Clothing
New York University
New York, New York
Supply Chain - Senior Specialist
Total Wine & More
Potomac, Maryland
Product Developer/Technical Designer
Build-A-Bear Workshops, Inc
St.Louis, Missouri