{"id":544652,"date":"2022-12-23T12:44:12","date_gmt":"2022-12-23T07:14:12","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=544652"},"modified":"2022-12-23T13:28:15","modified_gmt":"2022-12-23T07:58:15","slug":"why-metro-ag-lost-its-cart-in-india","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/why-metro-ag-lost-its-cart-in-india\/","title":{"rendered":"Why Metro AG lost its cart in India"},"content":{"rendered":"<p>German firm Metro\u2019s exit from India by selling its 19-year-old business venture \u2013 Metro India (Metro Cash and Carry India) \u2013 to Reliance Retail Venture (RRVL) hasn\u2019t come as a surprise to anybody.<\/p>\n<p>The Indian market has been a graveyard for many foreign retail giants in the past. French B2B major Carrefour lost its appetite for India within a short period of four years while the world\u2019s largest retailer, Walmart, first let go of 56 employees in January 2020 and a few months later, it sold the wholesale business to Flipkart. And Amazon, which bought a 49% stake in Future coupons, hasn\u2019t been able to make any headway and is still battling it out in Indian courts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>German firm Metro\u2019s exit from India by selling its 19-year-old business venture \u2013 Metro India (Metro Cash and Carry India) \u2013 to Reliance Retail Venture (RRVL) hasn\u2019t come as a surprise to anybody. The Indian market has been a graveyard for many foreign retail giants in the past. French B2B major Carrefour lost its appetite for India within a short period of four years while the world\u2019s largest retailer, Walmart, first let go of 56 employees in January 2020 and a few months later, it sold the wholesale business to Flipkart. And Amazon, which bought a 49% stake in Future [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,264,138],"tags":[],"class_list":["post-544652","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-railways-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/544652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=544652"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/544652\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=544652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=544652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=544652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}