Metro is active in the Indian market since 2003. According to a Reuters report, the company’s sales in the financial year ending September 2022 were Rs 7,700 crore. The company operates 31 stores in 21 cities across the country and supplies to restaurants and small shopkeepers. There are about 3500 employees. The company has around 30 lakh customers. Out of this, there are 10 lakh people who are regular customers of Metro, who shop through the B2B app. The German company says that it will benefit about 150 million euros from this deal.
What will be the benefit of Reliance
Metro has a large network of store network. The company has established itself as a major player in the grocery market in India. This company is becoming one stop for grocery shopkeepers and small businessmen in the country. Reliance’s retail market will get a big boost after the acquisition of the company. The company is already in the retail market with Reliance Jio Mart, Reliance Trend, Smart Bazaar. Reliance Retail is headed by Mukesh Ambani’s daughter Isha Ambani. Isha Ambani was actively involved in this deal.
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