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Limey
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1,089 Posts
Discussion Starter · #1 ·
intend to pull out of Germany, & sell to the local rival Metro AG. They expect to incur a pre tax loss of $1 billion. They pulled out of S. Korea in May & now intend to focus on China & S. America. So they aren't as strong & powerful as they thought.
 

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Limey
Joined
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1,089 Posts
Discussion Starter · #3 ·
steve_m said:
They had a hard time with the unions in Germany. So hard that I think all the good socialists avoided shopping with them.

They still have ASDA in the UK. They are struggling to keep the unions out and have run into something that has never been a problem to them before, "Planning Permission", really strict zoning laws.
Maybe they'll also pull out of the UK :)
 
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