REWE Group [SEP] industry
REWE Group
The REWE Group is a German diversified retail and tourism co-operative group based in Cologne, Germany. The name REWE comes from Revisionsverband der Westkauf-Genossenschaften", meaning "Western Buying Co-operatives Auditing Association". The most important companies under the umbrella of the REWE Group operate under the REWE-Zentral AG and REWE-Zentralfinanz eG names. The basis of the co-operative trade group consists of a network of independent retailers. In the 2017 financial year, the REWE Group had total external
financial crisis. In 1999, the grocery store chain was disbanded and the stores sold by geographical location: the stores based in northern Italy were sold to REWE Group and those based in southern Italy were sold to Conad. The Standa trademark is now officially owned by REWE, which in 2009 rebranded its supermarkets as Billa.
In 2014 REWE sold its Standa/Billa supermarkets chain to the French retailer Carrefour.
A "Standa" store was opened by REWE in Cologne. The store was later rebranded as REWE Markt.