METRO Cash and Carry India Private Limited operates cash and carry stores in India. It offers food items, including dairy, frozen, and bakery products, such as cheese, butter, eggs, milk, yogurt, chilled ready meals, drinks, ice cream, frozen vegetables and fruits, and bread and bakery; fish and sea foods; poultry, pork, sheep, lamb, goat, and goat kid meats and meat products; general grocery products, such as fruits, vegetables, pet foods, oils, cereals, coffee, tea, biscuits, spices, seasonings, sugar, sauces, pickles, noodles, and soups; confectionary products, such as sweets, candies, chocolates, crisps, and snacks and nibbles; beer, wines, spirits, water, soft drinks, and juices; laundr...
26/3, Industrial Suburbs'A' Block
Ward No. 9
Bangalore, 560 055
Founded in 2001
Investors Reportedly Eye Carrefour's Stores
Jun 6 14
Retailing companies, especially those in the cash and carry or wholesale business, are learnt to be negotiating with Carrefour SA (ENXTPA:CA) for buying out its stores. Carrefour, say sources, is exploring the option to exit the India market, following a slowing in its business at home and the new government’s opposition to foreign investment in multi-brand retailing and has reportedly engaged KPMG for helping it sell the India assets. Retailers present in India are in talks with Carrefour to buy its assets piecemeal, rather than the whole business, sources said. Wal-Mart Stores Inc. (NYSE:WMT) is looking to expand to 50 in four or five years, is looking at Carrefour stores in locations where it has no presence. Walmart does not have any store in three of five Carrefour store locations, at Bangalore, Jaipur and Delhi. The other two Carrefour stores, at Meerut and Agra, are attractive for both METRO Cash and Carry India Private Limited and Reliance Market. According to Business Standard, neither Metro nor Reliance has any cash and carry store in Meerut or Agra. According to Business Standard, Carrefour did not reply to an emailed questionnaire on sale of its assets, sent to the company on June 2, 2014, a Walmart spokesperson declined to comment. A spokesperson at Metro, which has 16 outlets in the country, said: “Metro Cash & Carry India is neither aware of, nor has been approached with any information to suggest a transaction of any nature with Carrefour. We would, therefore, not like to comment on such speculation.”