A Metro store in Shanghai. The company said the decision to close its convenience stores would not affect its other businesses in China. Photo: Handout

Germany’s Metro pulls plug on China convenience store business after less than two years

The company cites ‘drastic changes’ in the business environment, including surging rents, while analysts note stiff competition from other chains

Topic |   Consumers

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A Metro store in Shanghai. The company said the decision to close its convenience stores would not affect its other businesses in China. Photo: Handout
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