Selgros, the third largest player in domestic retail after MetroCash&Carry is to exit Germany's Rewe group and will be held,starting January 10, 2011, by Coop, which operates the secondbiggest supermarket chain on Switzerland's market.
Rewe group has recently announced the sale of its 50% stake intransGourmet Holding, the shareholder of Selgros stores, to itsSwiss partners Coop, renouncing thus cash&carry and foodservice operations.
This strategic move has a major impact over the domestic market, asRewe, the second largest group in food retail after Metro, exitsthe Selgros Cash&Carry business, accounting for around half ofthe revenues the German group derives domestically.
Under the circumstances, the ranking of the largest retail groupsin Romania will change. Thus, the second position is likely to beheld by another German group, namely Lidl&Schwartz, which ownsKaufland hypermarkets and Plus discount store chain.
The battle at the top of retail groups' ranking is thus gettingfiercer and will be still fought by three groups: Metro,LIDL&Schwartz and Carrefour.
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