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Metrogroup Corp. history
Metrogroup Corp. company history timeline
1964: Otto Beisheim founds Metro SB-Grossmarkte, a wholesale business that becomes Metro Cash & Carry.
1968: Metro Cash & Carry expands to the Netherlands, opening Makro Cash & Carry stores.
In late 1992, the Metro added another retail conglomerate to its portfolio, buying a majority stake in the German holding company Asko Deutsche Kaufhaus.
By 1993, privately held Metro had controlling stakes in Kaufhof, Asko, and Asko's subsidiary Deutsche SB-Kauf--all companies listed on European stock exchanges.
The company was founded on July 18, 1996 and is headquartered in Dusseldorf, Germany.“
The company was listed on the German DAX stock index for the first time on July 25, 1996.
Development of the METRO GROUP in an annual overview starting in 1996
In 1997 it added 59 Wirichs home-improvement centers to complement the Praktiker chain.
During 1998, Wal-Mart had acquired nearly 100 German hypermarkets with annual sales of US$3.1 billion.
From an all-time high of DM 153 marks (EUR 78.5) in January 1999, company stock dropped 20 points on the DAX by the end of March and hovered there the rest of the year.
Fueled by growth in the cash-and-carry business, sales for 2000 grew to EUR 46.9 billion (DM 91.8 billion, US$44.1 billion), up over 7 percent from EUR 43.8 billion the previous year.
2002: The company's cash-and-carry operations expand to Vietnam.
By 2003 he expected sales figures for outlets outside Germany to exceed those within its borders.
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Zippia gives an in-depth look into the details of Metrogroup Corp., including salaries, political affiliations, employee data, and more, in order to inform job seekers about Metrogroup Corp.. The employee data is based on information from people who have self-reported their past or current employments at Metrogroup Corp.. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Metrogroup Corp.. The data presented on this page does not represent the view of Metrogroup Corp. and its employees or that of Zippia.
Metrogroup Corp. may also be known as or be related to Metrogroup Corp.