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Billionaire Defies Retail Gloom With Bid for Germany's Metro

Published on: Sunday 23 June 2019

Billionaire Defies Retail Gloom With Bid for Germany's Metro (Bloomberg) -- Stores are closing across Europe as consumers shift to e-commerce and discounters barge in. Yet a pair of investors is making an audacious takeover bid for Metro AG, valuing the German chain that sells food and other staples from no-frills warehouses at $6.6 billion.The proposal from Czech


News source: https://finance.yahoo.com/news/billionaire-defies-retail-gloom-offer-230100455.html

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