Sligro's Decision To Offload EMTÉ Receives Cool Response From Analysts
It was one of the most-discussed topics in Dutch retail, which, after many months of rumours, has finally been confirmed. However, one retail analyst has labelled the news something of an "anticlimax".
Announcing its full year 2017 results, Dutch wholesaler Sligro Food Group has confirmed that it is formally beginning the process of offloading its EMTÉ retail business, which holds around 2.5% of the total Netherlands grocery retail market.
"During the second quarter of 2017, we evaluated the EMTÉ format and considered our future in Food Retail," chief executive Koen Slippens explained in the statement.
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