German retailer Rewe said today (21 September) that it remains in talks over a possible investment in local discount group Plus.
Go deeper with GlobalData
Reports in Germany had claimed that Rewe was set to triumph in the battle for the Plus stores, which are owned by local conglomerate Tengelmann.
Tengelmann, the owner of US retail group A&P, told just-food last week that it is in talks over the future direction of the Plus business. Tengelmann is looking for a partner to grow the business and insists it remains “committed” to Plus.
A Rewe spokesman said the company is “in discussions” with Tengelmann over the future of Plus but revealed it is not the only interested party. He refused to comment further.
Officials at Tengelmann could not be reached for immediate comment.
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
