Metro believes that Chinese demand for food and non-food wholesaling is strong enough to allow the German retailer to almost treble the business of its Metro Cash and Carry (MCC) chain in China in years to come.
Frans Muller, MCC chief executive and a member of the Metro Group board, said the unit had 38 sites and annual sales of €1bn ($1.3bn) in China.
“But I think we eventually have to aim for about 100 stores to give us the presence we want,” he said.
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