Around 60 Real branches are to continue to operate under the old name even after the hypermarket chain has been broken up. This was announced by the current Real owner, the Russian financial investor SCP, and the Tischendorf family of entrepreneurs on Thursday. Which branches are affected, they left open.
The financial investor announced that it would sell Real GmbH, with around 60 locations, to the family office of the entrepreneurial family and a team of Real managers. According to the information, they want to continue the branches with around 5,000 employees under the old name. With the many years of expertise of the management team and the entrepreneurial experience of the Tischendorf family, the company has “long-term and very good prospects,” said SCP Retail boss Patrick Kaudewitz.
Entrepreneur Sven Tischendorf said: “Real has a very healthy business core. Together with the future management team, it is our goal to substantially modernize Real GmbH as a hypermarket company with a food and non-food range and thus realign it very successfully.» He will join the management of Real with effect from July 1st.
The entire purchase of goods, goods logistics and some other central functions for the small trading group are to be taken over by an external partner who has not yet been named. Around 130 Real employees would take on the future tasks of the central administration in the service company of the new owners, it said.
The companies did not disclose the purchase price. The industry journal “Lebensmittel Zeitung” reported that Tischendorf received “a dowry in the lower three-digit million euro range”. The transaction is scheduled to be completed by June 30th. However, it is still subject to various conditions, including the approval of the Federal Cartel Office.
The financial investor SCP had acquired the ailing hypermarket chain Real with its around 270 stores from the retail group Metro in 2020 in order to break it up and sell it on. Kaufland, Edeka and Globus have already secured a large number of branches. (dpa)