Real (hypermarket)
Real (stylized real) is a chain of hypermarkets in Germany, member of the German retailer Metro AG. It was formed in 1992, from the merger of chains divi, Basar, Continent, Esbella and real-kauf.
Subsidiary | |
Industry | Retail |
Founded | 1992 |
Headquarters | Mönchengladbach, Germany |
Key people | Didier Fleury was removed as Chief Exec in 2016 and a small coalition of board members took over his duties jointly. |
Products | Hypermarkets |
Revenue | €7.4 billion (2017-18) |
Number of employees | 36,000 (2019) |
Parent | Metro AG |
Website | real.de |
History
In 2006, Metro acquired Walmart's 85 stores in Germany[1] and 26 Géant hypermarkets in Poland from the French retail group Groupe Casino.[2]
In November 2012, Metro sold its 91 Real hypermarkets in Poland, Romania, Russia and Ukraine to Auchan for €1.1 billion.[3] In 2014, it sold its 12 Real hypermarkets in Turkey.[4]
In September 2018, Metro AG announced the split from Real and sale of all hypermarkets, and in February 2020, Real was sold to the German-Russian consortium of X+Bricks AG and SCP Group, part of Sistema group.[5]
Products
As well as food, Real also offers a wide assortment of household goods, electrical appliances, books, media, textiles and footwear (sports and regular footwear are concessions owned by Hamm Market Solutions GmbH & Co KG, based in Osnabruck, Germany), sports goods, and stationery. In addition to branded products, several store brands are offered including discount label TiP (Toll im Preis - Great Price), mid-price real Quality, premium brand realSelection, real Bio organic products and Watson consumer electronics.
See also
References
- World's Biggest Retailer Wal-Mart Closes Up Shop in Germany
- EU Oks Metro to Buy Polish Retailer Geant Polska
- Reuters (November 2012). "Metro sells some hypermarket operations to Auchan".
- Hurriyet Daily News (2014). "Metro sells Real stores in Turkey".
- "Real geht an deutsch-russisches Konsortium: In einer Filiale erleben wir eine Überraschung". chip.de. 18 February 2020.