Sony Electronics, Marks & Spencer and Best Buy are among the big names to have closed Chinese operations, the SCMP reports.
European stocks finished Friday in the red, as a sharp decline in mining stocks and banks added pressure to the region.
European markets finished deep in negative territory on Tuesday, as concerns over the health of the region's lenders continued to weigh on sentiment.
Europe closed mostly lower on Wednesday, as mixed earnings and weakness in banks weighed on sentiment, despite gains in commodities.
European markets finished sharply higher on Wednesday following dovish comments by Fed chair and a solid recovery in commodity stocks.
Metro says it aims to split in two, separating its food and wholesale activities from its consumer electronics business.
Bernstein retail analyst Richard Clarke says Metro’s decision to split into two separate companies enables more targeted management teams and greater transparency.
European markets finished mixed on Tuesday after explosions rocked the Belgium capital of Brussels leaving at least 31 people dead and several injured.
European stocks closed sharply higher on Friday, buoyed by a recovery in oil prices and dovish remarks from the ECB.
European equities gained on Tuesday, despite continued wariness surrounding low oil prices and China's economic slowdown.
European equities closed firmly in positive territory on Wednesday after some encouraging corporate results helped lift sentiment.
European markets closed mixed on Monday as investors digested the latest Chinese GDP figures, amid a downturn in commodity prices.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the European Central Bank, Deutsche Bank, Metro AG, and London preparing for visit from Chinese president.
Germany's Metro said it was selling its Galeria Kaufhof chain to Canadian department store operator Hudson's Bay for 2.825 billion euros ($3.13 billion).
Canadian retailer Hudson's Bay has made an indicative offer for Metro's department store chain Kaufhof, two people told Reuters.
Few countries have invested more heavily in Russia than Germany after the Cold War ended. But now the rush is going in reverse. The NYT reports.
Retail sales growth in the U.K. accelerated at its fastest pace in almost 26 years – just as the industry is preparing itself for major downsizing.
European markets closed higher on Thursday as European Central Bank President Mario Draghi hinted at possible stimulus measures next month.
European equities extended a two-week sell-off to close lower on Thursday, as investors booked profits on heightened fears that the U.S. Federal Reserve could act soon start to unwind its bond-buying program.
European equities closed higher as investors remained cautious ahead of the release of the minutes from the Federal Open Market Committee's October meeting.