Metro CEO Under Pressure; BMI Believes Radical Reorganisation Is Needed

The CEO of German retailer Metro is under pressure after reportedly losing the support of a key investor. Family-owned Haniel, which holds a 34% stake in Metro, is reported to be unhappy with CEO Eckhard Cordes' failure to find a buyer for the firm's department store and supermarket units, which registered lacklustre growth over the last four years. There is also reported to be a dispute about the management of the company's consumer electronics unit MediaMarkt-Saturn. Metro is the world's fourth largest retailer by sales, but this is a strong argument in favour of radical reorganisation and we would attribute

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