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German retailer Metro to open outlet in Japan with Marubeni

German retailer Metro to open outlet in Japan with Marubeni

TOKYO, Japan - Hans-Joachim Koerber (R), chairman of Germany's Metro AG, the world's No. 3 retailer, meets the press in Tokyo on April 13. Koerber said his company and Japanese trading house Marubeni Corp. have agreed to set up a joint venture and open a Metro outlet in the Tokyo area next summer. Metro, with annual sales worth the equivalent of 5 trillion yen, is in the same retail league as U.S.-based Wal-Mart Stores Inc. and France's Carrefour SA.

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German retailer Metro to open outlet in Japan with Marubeni

German retailer Metro to open outlet in Japan with Marubeni

TOKYO, Japan - Hans-Joachim Koerber (R), chairman of Germany's Metro AG, the world's No. 3 retailer, meets the press in Tokyo on April 13. Koerber said his company and Japanese trading house Marubeni Corp. have agreed to set up a joint venture and open a Metro outlet in the Tokyo area next summer. Metro, with annual sales worth the equivalent of 5 trillion yen, is in the same retail league as U.S.-based Wal-Mart Stores Inc. and France's Carrefour SA.

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