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Hypermarkets and Super Centers

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  • *IPO restart depends on Ukraine, rouble- sources. DUESSELDORF, June 26- Metro Cash& Carry Russia German retailer Metro could resume seeking a share listing for its Russian cash-and-carry wholesale operation in September, having delayed the process in March due to the Ukraine crisis, sources close to the matter said.

  • German retailer Metro to step up expansion in India Monday, 5 May 2014 | 7:00 AM ET

    *Uncertainty over India stance on foreign retailers. DUESSELDORF, May 5- German retailer Metro AG wants to step up expansion in India and is planning to have 50 wholesale stores in the country by 2020, up from 16 now, as part of a broader strategy for growth in emerging markets.

  • Lidl postpones plan to open U.S. stores to 2018 Monday, 28 Apr 2014 | 10:57 AM ET

    *Owned by Germany's third-richest man, Dieter Schwarz. Klaus Gehrig, chief executive of the Schwarz Group which owns Lidl, told German local newspaper Heilbronner Stimme that preparations to enter the United States were proceeding apace but the first stores were only planned for 2018. His comments were confirmed by a Lidl spokeswoman on Monday.

  • Brazil accelerates, Spain grows for 2nd consecutive quarter. PARIS, April 10- Carrefour, the world's second biggest retailer, said underlying sales growth quickened in the first quarter, driven by Brazil, its second largest market after France, while sales in austerity-hit Spain rose for the second consecutive quarter.

  • *Russia, Ukraine remain promising markets for Metro. German Chancellor Angela Merkel has warned economic sanctions could follow Russia's annexation of Ukraine's Crimea region, prompting her country's main trade body to warn of "catastrophic losses" for more than 6,000 German companies which do business with Russia.

  • *Strategy informed by early career at Daimler, Permira. *Booming e-commerce shaking up retail. FRANKFURT, March 25- Technology entrepreneur, merger manager and turnaround expert, Olaf Koch believes he has enough experience of big challenges to steer Europe's fourth-biggest retailer Metro through its next one: e-commerce.

  • *Russia, Ukraine remain promising markets for Metro. German Chancellor Angela Merkel has warned economic sanctions could follow Russia's annexation of Ukraine's Crimea region, prompting her country's main trade body to warn of "catastrophic losses" for more than 6,000 German companies which do business with Russia.

  • Lidl chairman steps down over strategy differences Thursday, 20 Mar 2014 | 11:29 AM ET

    *Owned by Germany's third-richest man, Dieter Schwarz. Based in Neckarsulm in southern Germany, Lidl is owned by Germany's third-richest man, Dieter Schwarz, son of the company's founder Josef Schwarz. Klaus Gehrig took over as the chain's chief executive from Dieter Schwarz in 2004..

  • MUMBAI, March 20- Billionaire Mukesh Ambani's Reliance Retail is poised to perform a rare feat in India's notoriously complex retail market by finally turning a profit.

  • *Ukraine crisis hits Russian markets, Lenta listing. FRANKFURT, March 18- German retailer Metro AG has put on ice a plan for a stock market listing of a stake in its Russian wholesale business because of market turmoil over the crisis in Ukraine.

  • E-commerce revolution drives European retail IPO rush Thursday, 13 Mar 2014 | 10:34 AM ET

    *Germany's Zalando, France's Cdiscount still to decide on IPO. "There is definitely a degree of optimism that hasn't been seen for some time," said Kate Ball-Dodd, a partner at law firm Mayer Brown who advises companies listing in London.

  • Europe's largest retailer also said it would spend more cash this year to revive its European hypermarkets and expand further in both China and Brazil.

  • *Metro needs proceeds to grow in Russia, cut debt. DUESSELDORF/ FRANKFURT, Germany, March 3- German retailer Metro's plan for an imminent stock market listing of a stake in its Russian wholesale business is under threat because of market turmoil over the crisis in Ukraine, sources told Reuters on Monday.

  • MOSCOW, Feb 28- Russian hypermarket chain Lenta's stock market debut was clouded by political turmoil in Ukraine on Friday as investors reined in their exposure to Russian companies.

  • MOSCOW, Feb 28- Russian hypermarket chain Lenta, part-owned by U.S. private equity firm TPG, on Friday set its planned London initial public offering at the lower end of a range netting around $1 billion for selling shareholders.

  • MOSCOW, Feb 28- Russian hypermarket chain Lenta, part-owned by U.S. private equity firm TPG, has set a price of $10 per global depositary receipt for its planned London initial public offering- at the lower end of a range. The company said the total size of the offering is $952 million, or $1.1 billion if its over-allotment option is exercised in full.

  • MOSCOW, Feb 27- Russian hypermarket chain Lenta has narrowed guidance for its initial public offering to $10- $10.25 per global depositary receipt, two banking sources told Reuters on Thursday.

  • MOSCOW, Feb 27- Russian hypermarket chain Lenta has narrowed guidance for its initial public offering to $10- $10.25 per global depositary receipt, two banking sources told Reuters on Thursday. The previous guidance for Lenta's London IPO stood at $10- $11 per GDR.

  • Metro appoints new boss for German wholesale unit Tuesday, 25 Feb 2014 | 7:17 AM ET

    *New boss currently heads business in Czech Republic, Slovakia. BERLIN, Feb 25- Metro AG has appointed Axel Hluchy as new head of its struggling cash and carry business in Germany, bringing in an executive who has largely worked for the retailer in fast-growing eastern Europe.

  • India clears Tesco's $110 mln supermarket investment Monday, 30 Dec 2013 | 6:10 PM ET

    India has approved a $110 million investment plan by Tesco, paving the way for the British retailer to venture into Asia's third-largest economy.