European Retail Correspondent, Zurich
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Apr 29, 2014
Apr 29, 2014

Metro dispute with Media-Saturn founder escalates

BERLIN/DUESSELDORF, April 29 (Reuters) – The founder of
Europe’s biggest electronics chain Media-Saturn launched an
attack on Tuesday on the company’s majority owners, retailer
Metro, escalating a long-running dispute over the
management of the chain.

Media-Saturn’s billionaire founder, Erich Kellerhals, still
owns a stake of close to 22 percent and has regularly disagreed
with Metro over its management of the business, most notably
delaying the group’s move into the fast-growing online market.

Apr 29, 2014

Media-Saturn founder hits out as Metro dispute escalates

BERLIN/DUESSELDORF, April 29 (Reuters) – The founder of
Europe’s biggest electronics chain Media-Saturn on Tuesday
launched an attack on the company’s majority owners, retailer
Metro, escalating a long-running dispute over the
management of the chain.

Media-Saturn’s billionaire founder, Erich Kellerhals, still
owns a stake of close to 22 percent and has regularly disagreed
with Metro over its management of the business, most notably
delaying the group’s move into the fast-growing online market.

Apr 29, 2014