Which brands are included in metro:
METRO CHEF – ingredients for food and the process of its preparation.
RIOBA - trade in coffee from Ethiopia, Indonesia, Colombia and Brazil.
METRO PROFESSIONAL - kitchen equipment.
ARO is a range of food and non-food products.
TARRINGTON HOUSE - equipment for the kitchen, garden or balcony.
SIGMA – a wide range of products for modern offices
What the metro company makes:
International trade wholesale company specializing in serving hotels, restaurants and catering services (HoReCa), as well as private entrepreneurs - owners of retail establishments
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What did not come out of the Russian market? March 16, 2022 - economic truth:
“Large retailers are also in no hurry to leave the market. It's about Metro (Germany), Auchan and Leroy Merlin (France). In 2020, only these three networks rescued from the Russian market 850 billion rubles (11 billion dollars).
METRO network has 94 supermarkets in 51 Russian regions and provides 14 thousand jobs. The Ukrainian daughter of this German company said that addressed to the owner with a demand to close the business in Russia, but was refused.
Retailers do not plan to leave Russia.
First, they are very dependent on the Russian market. According to Stat Space, the share of Russian consumers in Auchan's total revenue is 11.5%, Metro - 10.1%, Leroy Merlin - 18.3%.
Secondly, these companies employ tens of thousands of workers. They motivate their decision to continue cooperation with the aggressor by "caring for ordinary people."
In total, these retailers pay about $ 700 million in taxes.
It is noteworthy that a large share of Russian retail is accounted for by French companies. The day before mentioned Secretary of the National Security and Defense Council Oleksiy Danilov.
Source
Which companies have not left Russia: May 18, 2022 - Yale School of Management:
A bit of background to the fact check source:
“We have a team of experts with experience in financial analysis, economics, accounting, strategy, management, geopolitics and Eurasian affairs, fluent in ten languages, including Russian, Ukrainian, German, French, Italian, Spanish, Chinese, Hindi, Polish and in English, collecting this unique set of data from open sources such as government regulatory documents, tax documents, company reports, financial analysts' reports, Bloomberg, FactSet, MSCI, S&P Capital IQ, Thomson Reuters and business media from 166 countries; as well as non-public sources, including a global wiki-style network with more than 250 company insiders, informants and management contacts. ”
Company status according to the analysis: continue sales in Russia
Source
February 9, 2023 - business league:
Metro AG continues operations in Russia, despite falling sales:
"The company continues operations in Russia, despite the drop in sales. About this testifies the company's quarterly report released on Wednesday.
By in words CEO Steffen Groibel, Metro is now growing in all segments and in all markets except Russia: it manages to maintain its market share and make significant progress in strategic key performance indicators.”
Source
February 28, 2023 - ZN,UA:
The company was included in the list of international sponsors of the war:
"The National Agency for the Prevention of Corruption, due to the position of the company's management to continue operating in Russia, included the Metro Cash&Carry company in the list of international sponsors of the war."
Source
National Agency for the Prevention of Corruption:
The company was added to the list of companies - international sponsors of the war:
Statement of NAZK: "In 2019, the Russian METRO announced that it would focus on the franchise project of the chain of grocery stores "close to home" - "Fasol" instead of opening large hypermarkets, and began to develop it in a financial partnership with Sberbank of Russia. The program is valid until now. In 2022, Metro AG continued its work in Russia. According to the results of the 2021/2022 financial year, the company's sales in Russia increased by 22.3% in annual terms, to 2.9 billion euros. While all civilized businesses refused to cooperate with Mir cards issued by Oschadbank, which is under sanctions, the Turkish METRO network continued to accept these cards for payment without any problems. The German company Metro AG maintains its intention to continue working in Russia. CEO Steffen Greubel said this in February 2023, answering journalists' questions."
Addendum: under pressure from European partners, Ukraine removed the list of international sponsors of the war. But the screens do not burn and we fixed it
Source
February 9, 2024 - economic truth:
The Metro AG network does not plan to leave the Russian Federation: it does not want the stores to go to the oligarchs:
"The German supermarket chain Metro AG condemns the aggression of the Russian Federation against Ukraine, but does not plan to leave the Russian market
This was announced on February 8 at the shareholders' meeting stated CEO of the company Steffen Greubel
According to Groibel, the company's position on this issue has not changed over the past year.
"Recent expropriations of other foreign companies in Russia only reinforce our view that if our Russian business goes to oligarchs close to the Russian government, it will not be in the best interests of Metro AG and its shareholders"
Source
August 15, 2024 - Yale School of Management:
A bit of background to the fact check source:
“We have a team of experts with experience in financial analysis, economics, accounting, strategy, management, geopolitics and Eurasian affairs, fluent in ten languages, including Russian, Ukrainian, German, French, Italian, Spanish, Chinese, Hindi, Polish and in English, collecting this unique set of data from open sources such as government regulatory documents, tax documents, company reports, financial analysts' reports, Bloomberg, FactSet, MSCI, S&P Capital IQ, Thomson Reuters and business media from 166 countries; as well as non-public sources, including a global wiki-style network with more than 250 company insiders, informants and management contacts. ”
Company status Metro according to the analysis: stop all investment in growth and reduce advertising
Source
Brands: Metro chef, Rioba, Metro professionals, Aro, Tarrington house, Sigma
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and then