A few days ago, there was a rumor in the WeChat group that Metro was about to end its business in the Chinese market within a few months, and said that the sudden withdrawal of capital was due to the change of the president of the parent company.
In this regard, on the evening of August 28, Metro refuted the rumors, saying that the above rumors were false, and the police had been reported. Some criminals falsely used the name of Metro to announce in Metro's customer base that Metro would end its business in the Chinese market in a few months. , If you need to stock up, please contact him. This will affect the company's reputation. Metro is afraid that customers will be deceived, so it calls the police.
It is understood that this is not the first time that Metro has encountered rumors of withdrawing from the Chinese market, but it has been operating normally in China.
According to public information, Metro was founded in 1964 and currently has more than 760 wholesale shopping malls and food distribution businesses in 35 countries, with a total sales area of more than 5.2 million square meters. Metro entered China in 1996 and opened its first shopping mall in Shanghai. Headquarters have been set up, and so far, it has 100 stores in more than 60 cities in China.
In 2019, Metro Group and Wumart Technology Group reached a strategic cooperation agreement. Wumart Technology Group completed the acquisition of 80% of the shares of Metro China and officially became the controlling shareholder of Metro China. Wumart's new retail technology system "Multipoint" became Metro. Chinese technology partner.
Under the new equity structure, Metro China will continue to operate independently under the existing management team and continue to use the "Metro" brand.
According to the plan, "Multipoint" will work closely with Metro to accelerate Metro's strategic transformation of "omni-channel retail".