Arvind Mediratta: As part of the deal, all METRO Cash & Carry India employees and management were absorbed into Reliance Retail. However, Mediratta did not join Reliance Retail.
Arvind Mediratta joins as CEO of Dalmia-owned Hippo Stores dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.
The deal includes all 31 wholesale stores operated by METRO Cash & Carry India and the entire real estate portfolio (6 store-occupied properties) to RRVL
German retailer METRO AG on Thursday announced the completion of the sale of its Indian cash & Carry business to Reliance Retail Ventures Ltd (RRVL), which holds the retail empire of Reliance Industries Ltd.