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Alibaba subsidiary Ant Financial says it plans to buy UK-headquartered money-transfer company WorldFirst. And in separate news, the Chinese e-commerce behemoth is in discussions over investing in the Metro China wholesale retail business. The WorldFirst deal…
Metro Cash and Carry India is turning to smaller stores to speed up its network rollout as it tries to reach profitability. The German discount wholesaler is about to open its 27th store in the market which will be just 40,000sqft in size, far smaller than…
German retailer Metro AG has paid $290 million to buy Singapore restaurant supplier Classic Fine Foods Group from private equity owned EQT. CFF operates in 25 cities, including Singapore, Dubai, Hong Kong, Bangkok, Kuala Lumpur, London, Ho Chi Minh City and…
German retailer group Metro AG is planning to open an imported items specialty retailer inside Shanghai’s Free Commerce Zone by the top of this yr to seize a slice of the booming imported items market. Metro AG stated it expects e-commerce transaction might…
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