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Metro Said to Hire Deutsche Bank to Advise on Unit
date:Jul 21, 2014
trying to modernize Kaufhof, reposition Media-Saturn toward e-commerce and take its Russian Cash Carry wholesale unit public amid adverse market conditions.

Sales at Media-Saturn stores open at least a year fell 3.7 percent in the quarter through March. Analysts surveyed by Bloomberg expect on average that Metros operating profit this year will decline 15 percent to 1.7 billion euros.

Kellerhals, who founded the Media-Saturn business in the late 1970s and sold it to a predecessor company of

12/22 03:13