Metro consumes Classic Fine Foods for $328m

Metro's acquisition of Classic Fine Foods will help it capitalise on a growing appetite for gourmet products as interest in retail M&A stays keen.

German retailing giant Metro on Thursday agreed to buy Singapore-headquartered Classic Fine Foods from private equity firm EQT for an enterprise value of $290 million following an auction process as interest in Asia's retail sector remains keen.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media