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Prince Edward Island > Business > Reuters

Metro CEO expects less than 30 Real stores to be closed - letter

Reuters | Posted: Feb. 11, 2020, 8:50 a.m. | Updated: Feb. 11, 2020, 6:43 a.m. | 1 Min Read

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DUESSELDORF, Germany (Reuters) - German wholesaler Metro on Tuesday said it expects the future owners of its struggling Real hypermarkets unit to close less than 30 of the division's stores, according to a staff letter by Metro CEO Olaf Koch that was seen by Reuters.

Metro earlier on Tuesday said it had reached a deal to sell Real, which has around 34,000 employees and about 270 stores, to X+Bricks and the SCP Group.

(Reporting by Matthias Inverardi; writing by Christoph Steitz; editing by Thomas Seythal)

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