Rewe Weighs Sale of Some or All Penny Italy Stores as It Considers Market Exit

1 articles · Updated · Bloomberg · May 24

Rewe is considering selling some or all of its Penny Market stores in Italy, according to a Corriere della Sera report citing unidentified sources.
The possible sale reflects the German grocer’s review of whether to exit Italy entirely or scale back its presence in the market.
Rewe has already shrunk in Italy before, selling its Billa-branded stores more than 10 years ago.
Corriere said a similar breakup could be used for Penny, with German discounters Lidl and Aldi seen as the most likely buyers.

With discounters thriving in Italy, why is Rewe’s Penny Market chain looking for the exit?

How will Europe’s new sustainability law complicate the potential sale of Penny Market Italy?