The Federal Cartel Office has given the green light for the continuation of 58 Real branches under the old name. The shops are to be sold by Real owner SCP to a team of Real managers and the Tischendorf family of entrepreneurs. “It’s good news that the existence of another 58 Real locations is secured,” said Cartel Office President Andreas Mundt on Wednesday. In addition to planning security for employees, this also offers an opportunity for competition. Because the Real brand will be retained for large-scale sales. A total of around 5,000 employees work in the 58 branches.
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. In January, SCP then announced the sale of around 60 remaining locations to the entrepreneurial family and the team of Real managers.
«Real has a very healthy business core. Together with the future management team, our goal is to substantially modernize Real GmbH as a hypermarket company with a food and non-food range and thus realign it very successfully,” said entrepreneur Sven Tischendorf at the time.
According to the plans, the entire purchase of goods, goods logistics and some other central functions for the small retail group are to be taken over by an external partner who has not yet been named. According to its own information, the Federal Cartel Office wants to examine this agreement separately. (dpa)