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Germany's new electronics king has Amazon in his sights

Ceconomy's CEO Pieter Haas says the firm holds the top position in nine of its 15 nations and is eyeing expansion
Friday, July 14, 2017 - 05:50

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Mr Haas says the separation of functions allows Ceconomy to focus completely on consumer electronics and gives it full visibility.

Frankfurt

THE creation of Europe's largest free-standing consumer electronics retailer is set to prompt a wave of mergers and acquisitions as the company seeks to keep Amazon.com Inc at bay.

The parent of Germany's MediaMarkt and Saturn, which began trading on Thursday under a

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