Metro AG details shift to purely wholesale strategy | Progresiv
Germany’s Metro AG expects restructuring costs to reach EUR60-80 million as it reorganises its business to become a “100% wholesale company”. According to a statement, a successful concentration on professional customers in the HoReCa and Traders segments coupled with localisation of its business models will underpin ongoing like-for-like growth and a stronger growth dynamic. 
This focus will offer efficiency-enhancing potential, for example through the pooling of expertise and the automation of processes. The specifics of the examination with regard to the execution and scope of the potential measures will be clarified over the next few months in consultation with the employee representatives, the management and the staff. The cost of the restructuring process is expected to be offset by long-term savings in the mid-double-digit million range, of which a figure in the low double-digit millions is expected to be realised in financial year 2019/20. (www.kantarretailiq.com)
