Rewe Purchases 65 Supermarkets From Kaiser's Tenglemann

Germany's second largest retailer, Rewe, plans to acquire 65 supermarkets from local rival Kaiser's Tengelmann. The stores are in the Rhein-Main-Neckar region and Rewe has said they will geographically complement its existing portfolio. The move reflects the fact that the firm has successfully navigated the downturn, with growth posted at its supermarket and discount operations. It also highlights that country's largest retailers continue to invest in their supermarket networks despite the sector losing out to the discount format as a result of increased price-sensitivity during the economic

To read the full article, please choose one of the following options: