22 December 2022, Mumbai
Reliance Retail Ventures will acquire a 100 percent equity stake in Metro Cash and Carry.
Through this acquisition Reliance Retail will get access to a network of Metro India stores located in prime locations across key cities, along with a large base of registered kiranas and other institutional customers, and a strong supplier network.
The acquisition will further strengthen Reliance Retail’s physical store footprint and ability to better serve consumers and small merchants by leveraging synergies and efficiencies across supply chain networks, technology platforms and sourcing capabilities.
Metro is a leading international specialist in wholesale and food retail in 34 countries. Metro Cash and Carry, its wholesale division, entered India in 2003 and currently operates 31 wholesale distribution centers centres across the country, serving business customers only. It sells products such as fruits and vegetables, general groceries, electronics, household goods and apparel to clients like hotels, and restaurants as well as offices and companies, small retailers and kirana stores.
Metro India is a key player in the Indian B2B market and has built a solid multi-channel platform delivering a strong customer experience.Metro India’s healthy assets combined with Reliance’s deep understanding of the Indian merchant / kirana ecosystem is expected to help offer a differentiated value proposition to small businesses in India.
Reliance is India's biggest brick-and-mortar retailer with over 16,600 stores.
