Metro CEO expects less than 30 Real stores to be closed - letter

Reuters

Published Feb 11, 2020 03:50AM ET

Metro CEO expects less than 30 Real stores to be closed - letter

DUESSELDORF, Germany (Reuters) - German wholesaler Metro (DE:B4B) on Tuesday said it expects the future owners of its struggling Real hypermarkets unit to close less than 30 of the division's stores, according to a staff letter by Metro CEO Olaf Koch that was seen by Reuters.