Reliance Retail acquires Metro Cash & Carry

[hike]

Reliance Industries is set to acquire German retailer METRO AG's Cash & Carry business in India in a deal estimated at around 500 million euros (Rs 4,060 crore), industry sources said.

https://www.moneycontrol.com/news/business/reliance-set-to-acquire-metro-cash-carry-india-in-500-million-euros-deal-9460411.html

In Jaipur we have one Metro and I used to go there every month but later we got DMart nearby.

 

[hike]

Reliance Retail acquires Metro Cash & Carry for Rs 2,850 crore

Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd, on December 22 signed definitive agreements to acquire 100 percent equity stake in Metro Cash and Carry India Pvt Ltd (Metro India) for a cash consideration of Rs 2,850 crore.

https://www.moneycontrol.com/news/business/mergers-acquisitions/reliance-retail-acquires-metro-cash-carry-for-rs-2850-crore-9744751.html

In my city Jaipur Metro and Reliance Market (now Reliance Smart Superstore) both wholesale store are very close to each other, Just 600m walking distance.
Although, we always found Metro cheaper than this. Right now it's being long time since we visited that place.

 

[Ashok Varma]

Reliance opens Metro gates to every one

Reliance opens Metro's gates for all consumers to further strengthen its retail dominance

Mukesh Ambani's consumer business is set to gain further momentum as it has opened the gates to its Metro Cash & Carry stores for everyone, and not just B2B customers. Nearly nine months after the deal with Metro AG went through, Ambani now aims to sell more of its products through the wholesale...

economictimes.indiatimes.com

 

[rohitvatsa]

Reliance opens Metro gates to every one

Reliance opens Metro's gates for all consumers to further strengthen its retail dominance

Mukesh Ambani's consumer business is set to gain further momentum as it has opened the gates to its Metro Cash & Carry stores for everyone, and not just B2B customers. Nearly nine months after the deal with Metro AG went through, Ambani now aims to sell more of its products through the wholesale...

economictimes.indiatimes.com

Remains to be seen if Metro still offers the kind of discounts that was there earlier.It was wonderful place where you would get everything under 1 roof at discounted prices.

 

[hike]

Remains to be seen if Metro still offers the kind of discounts that was there earlier.It was wonderful place where you would get everything under 1 roof at discounted prices.

Metro was nothing from last 3 years, yes but now it'll be everything like before. Reliance all retail outlets will be under one roof.
Grocery, Veggies, Household items, electronics, smart gadgets, etc.