Behind Wal-Mart, Carrefour, and Tesco, what corporation is the fourth largest retail group (by turnover, at 2012) in the world?
Metro AG Metro AG Metro AG, otherwise known as Metro Group, is a German global diversified retail and wholesale/cash and carry group based in Düsseldorf. It was established in 1964 by Ernst Schmidt and Wilhelm Schmidt-Ruthenbeck. , it was the fourth-largest retailer in the world measured by revenues (after Wal-Mart, Carrefour and Tesco). In June 2009, it was reported that the company was looking to purchase some of the assets of Arcandor, after the firm filed for bankruptcy. They split off and floated their Praktiker division in December 2006, a DIY/home improvement chain with stores in several countries. In 2012, the company
Economy of the United Kingdom British economy. The UK grocery market is dominated by four companies: Asda (owned by Wal-Mart Stores), Morrisons, Sainsbury's and Tesco. London is a major retail centre and in 2010 had the highest non-food retail sales of any city in the world, with a total spend of around £64.2 billion. The UK-based Tesco is the third-largest retailer in the world measured by revenues (after Wal-Mart Stores and Carrefour) and as of 2011 was the leader in the UK market with around a 30% share. London is the world capital for foreign exchange trading, with a global market share of nearly 41%