Company type | Unlisted public company |
---|---|
Industry | Retail |
Founded | 2006 |
Headquarters | Lahore, Pakistan |
Number of locations | 10 (2024) |
Area served | Pakistan |
Key people | Marek Minkiewicz (CEO) |
Products |
|
Total assets | Rs. 12.508 billion (US$43 million) (2024) |
Total equity | Rs. 10.415 billion (US$36 million) (2024) |
Owner | Thal Limited (60%) Metro AG (40%) |
Parent | Thal Limited |
Website | metro |
Footnotes /references Financials as of 30 June 2024 [update] [1] |
Metro Cash & Carry Pakistan, also known as Metro-Habib, formerly known as Makro Habib Pakistan, is a Pakistani supermarket chain stores operator based in Lahore, Pakistan. [2] It is a subsidiary of German chain Metro Cash & Carry and Thal Limited.
Metro opened its first store in 2007. [3] It operates 10 supermarkets, in total, in Karachi, Lahore, Islamabad, Faisalabad, and Multan. [4]
Makro Habib Pakistan was established in 2005 as a joint venture between the Dutch wholesale giant Makro and the Pakistani conglomerate House of Habib. [5] The company began its operations by opening its first store in SITE Industrial Area Karachi in 2006. [6]
In 2006, Makro-Habib began construction of a store in Saddar Town after obtaining a sublease from the Army Welfare Trust (AWT) on a playground called Webb Ground, a five-acre playing field located in Tunisia Lines and named after Sir Montagu de Pomeroy Webb. [7] [8] Webb Ground was originally leased to AWT for commercial purposes in December 2002. [7] [9] Before the construction of the store, Webb Ground had been utilized as a sports field by Karachi Grammar School for nearly 80 years. [7] In the mid-1980s, it was incorporated into the Lines Area Redevelopment Scheme and served as a neighborhood playground for approximately 200,000 residents. [7] [10] The project was halted by the court in 2009 when the Supreme Court of Pakistan ruled that Makro-Habib must dismantle its structures on the playfield. [11] The judgment revealed complex dealings involving the Government of Pakistan, the Army Welfare Trust (AWT), and the City District Government Karachi (CDGK). [12] The court found that the government had transferred the plot to CDGK for amenity purposes before AWT subleased it to Makro-Habib. [12] Despite being aware of CDGK's prior claim to the land, Makro-Habib proceeded with construction. [12] The court criticized the lease arrangements as undervalued and not in public or governmental interest. [12] The filed a review petition and obtained an interim order maintaining the status quo until the petition's resolution. [12] The review petition was ultimately dismissed by the court in 2015 and subsequently the store was permanently closed. [13]
In 2007, Makro's plan to open a store in Model Town, Lahore, was halted by a court injunction when Justice Muzammal Ahmad Khan of the Lahore High Court stayed the construction of store following writ petitions challenging the conversion of an amenity plot into a department store. [14] The petitioners cited a prior ruling that prohibited converting the plot to commercial use without modifying the society's master plan. [14] In 2008, the Environmental Protection Agency of Punjab approved the area for store construction, and the store was opened in Model Town in 2009. [15] [16]
In October 2007, Metro Cash and Carry expanded into Pakistan, opening its first wholesale center in Lahore. [17] [18] Six month later, Metro opened another business-to-business store in Islamabad. [19]
In 2008, Makro-Habib store was opened near Star Gate on Shahrah-e-Faisal in Karachi. [20] In the same year, the Dutch parent company exited the Pakistan and sold its entire stake to House of Habib. [6]
By 2009, Metro Cash and Carry changed its business model from business-to-business to hybrid model where small consumers can also purchase products. [19] In 2010, Metro introduced the own brands concept in Pakistan, allowing small businesses to feature their products in Metro Cash and Carry stores nationwide. [21] The initiative showcased five core brands across two price tiers, with packaging designed by Metro. [21] In 2011, Makro and Metro Cash & Carry merged their operations in Pakistan. [22] In 2011, at the time of their merger, Metro Cash and Carry was operating five wholesale outlets in Pakistan: two in Lahore, and one each in Karachi, Islamabad, and Faisalabad, having started its operations in 2007. [5] Makro Habib Pakistan also had five stores, with three in Karachi and two in Lahore. [5]
In 2015, a new Metro store was opened in Faisalabad, Punjab. Two years later, it was named as the best place to work in Pakistan. [23]
In 2020, Metro expanded further with opening of a new store in Multan, Punjab. [24] [25]
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