Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
US Metro Group history
US Metro Group company history timeline
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.
Conradi announced in October 1995 that Metro Holding planned to establish a new company--Metro AG--by merging its four largest German operations: Kaufhof, Asko, SB-Kauf, and Metro Cash & Carry.
One of the largest retailers in the world, Metro AG is a Düsseldorf-based holding company formed through the 1996 merger of four giant German retailing groups.
Sales increased to DM 56.8 billion (US$31.7 billion), but net profit fell from DM 717 million (US$393 million) in 1996 to DM 623 million (US$309 million). Even with added expansion costs, the profit figures weighed in lower than management expected.
Development of the METRO GROUP in an annual overview starting in 1996
Also in 1997, METRO Cash & Carry bought out the European MAKRO operations from Dutch SHV.
The buying and selling continued into 1998.
Divaco sold 165 Tip stores to Berman retailer Tenglemann for DM 375 million in late 1998.
During 1998, Wal-Mart had acquired nearly 100 German hypermarkets with annual sales of US$3.1 billion.
Zagelmeyer, Stefan, "METRO Social and Employment Standards to be Maintained in Transferred Companies," European Industrial Relations Observatory Online, posted February 28, 1999, http://www .eiro.eurofound.ie.
Metro continued its advance into e-commerce and in June 2000 Metro acquired controlling interest in Cologne-based Internet service company Primus-Online.
Merger rumors peaked in July 2000 when German newspaper Welt am Sonntag reported that Metro would transfer its Real chain of hypermarkets and Extra grocery chain to Wal-Mart, which wanted to continue to expand in Germany.
Metro opened another 80 retail outlets in 2001, bringing the store count up to 2,249.
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.
Rate US Metro Group's efforts to communicate its history to employees.
US Metro Group jobs
Do you work at US Metro Group?
Is US Metro Group's vision a big part of strategic planning?
US Metro Group competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| The Clean-Tech Company | 1963 | $41.0M | 650 | 17 |
| GSF USA | 1987 | $63.0M | 1,100 | - |
| Pegasus Cleaning | - | $8.0M | 100 | - |
| Commercial Cleaning Systems, Inc. | 1969 | $12.0M | 200 | 4 |
| Professional Building Maintenance | 1999 | $39.0M | 650 | 1 |
| Professional Building Services | - | - | - | 8 |
| City Cleaning | 1941 | $20.0M | 350 | - |
| Eagle Cleaning Corporation | - | $4.2M | 180 | - |
| Centaur Building Services Inc | 1985 | $220.0M | 7,500 | - |
| Advanced Cleaning Systems | - | $350,000 | 10 | 7 |
US Metro Group history FAQs
Zippia gives an in-depth look into the details of US Metro Group, including salaries, political affiliations, employee data, and more, in order to inform job seekers about US Metro Group. The employee data is based on information from people who have self-reported their past or current employments at US Metro Group. 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 US Metro Group. The data presented on this page does not represent the view of US Metro Group and its employees or that of Zippia.
US Metro Group may also be known as or be related to U.S. Metro Group Inc., U.S. Metro Group, Inc., US Metro Group and US Metro Group Inc.