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Cologne (dpa) - The Rewe Group benefited from the Corona restrictions in 2020 and is on the verge of becoming the second largest grocer in Europe.
In the past financial year, the Cologne-based cooperative trading and tourism company reportedly broke the 75 billion euro mark for the first time.
“This will make us the second largest food retail group in Europe, behind the Schwarz Group.
We are likely to have overtaken Carrefour and Aldi in Europe, ”said Rewe CEO Lionel Souque of the“ Frankfurter Allgemeine Zeitung ”(Tuesday).
The Schwarz Group, which operates more than 12,000 branches worldwide with its Lidl and Kaufland divisions, recently achieved sales of more than 110 billion euros.
According to the information, the takeover of Lekkerland accounted for 12 billion euros of Rewe's sales growth.
“In terms of earnings, too, we will compensate for the losses in other areas such as tourism,” announced Souque, with a view to the loss of sales at the subsidiary DER Touristik.
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The Rewe boss is critical of the state aid for competitors FTI and Tui: “We will not allow the loan to be waived in the end.
Many agreements are not transparent, which is why we also go to the EU Commission. "
So far, DER Touristik has not had to apply for any government loans and is not planning to.
© dpa-infocom, dpa: 210222-99-549143 / 2
Communication from Rewe on the 2019 financial year from April 29, 2020