German retailer Tengelmann is to sell 85 Kaiser stores to local rivals Rewe and Tegut, the company announced today (17 March).
Tengelmann, the parent company of US retailer A&P, has decided to scale back its operations in the German region of Rhine-Main-Neckar, which includes the cities of Frankfurt and Stuttgart.
Go deeper with GlobalData
Rhine-Main-Neckar is the smallest of four regions that house Kaiser stores in Germany and the disposals mark Tengelmann’s latest move to reduce its presence in the country.
In 2007, Tengelmann agreed to cede control of Plus, its discount business in Germany, to larger rival Edeka.
A&P, Tengelmann’s US venture, has had a troubled few quarters and in January appointed a new CEO in a bid to breathe fresh life into the business.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
