In the fight with the West, Russia is targeting the largest German company in the country.
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Metro held on to its profitable Russian business despite the war and sanctions.
The heads of the Düsseldorf trading group Metro were clear about how risky their business in Russia was. In its annual reports, the company has been warning for years that the Russian state could take away everything at any time. This refers to the group's 91 wholesale stores in Russia, which generate more than 130 million euros in profit annually. There are also more than 1,200 smaller supermarkets operated by Russian franchisees. With 2.6 billion euros per year, Metro was until recently the German company with the highest sales in Russia, despite war and sanctions.
The troubled department store chain Galeria has filed for bankruptcy for the fourth time in six years. Business operations in the 83 branches are continuing for the time being, while there is still uncertainty about the future of the approximately 12,000 employees and possible closures.

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The ailing German department store chain Galeria has filed for bankruptcy at the Düsseldorf District Court. It is the company's fourth bankruptcy filing in six years. Around 12,000 employees fear for their jobs while operations continue for the time being.