Rewe Weighs Exit Options for Italy’s Penny Market Amid Mounting Retail Pressures
Rewe is reviewing alternatives for its Penny Market business in Italy, including a potential full withdrawal from the market where the discount chain operates nearly 500 stores and posts close to €2 billion ($2.3 billion) in annual sales. Potential suitors named include Lidl and Aldi, with observers noting such a deal would mark a departure from th…