Real and other German retailers to create new procurement group | Progresiv
Retailers including Netto Germany, Metro Group's Real chain and Bünting Grupp have announced the creation of a new procurement collaboration. The RTG Retail Trade Group is a joint venture between Real, Netto Germany, Bartels-Langness, Bünting, Klaas & Kock, Georg Jos. Ownership shares are divided equally between all parties. 
Netto Germany's commitment to RTG Retail Trade Group replaces its existing procurement agreement with Edeka in the country, which commenced in 2012.
The RTG Retail Trade Group will initially focus on developing procurement collaboration in the areas of food and non-food, as well as provide a platform for the national and international suppliers to all participating retailers to gain an increased share of the market. In addition, the joint venture is also seen as a potential platform for further cooperation in the areas of e-commerce and logistics.
The joint venture is pre-approved by local competition authorities and commenced operations on 3 April. Netto opened its first store in Germany in 1990 and today operates close to 350 stores in the country. (www.esmmagazine.com)
