Russian investor SCP recently announced the sale of the remains of German supermarket chain Real to the single family office of the Tischendorf family and former Real managers.
Real: German retailer changes owner
Essen-based supermarket chain Real GmbH is one of Germany’s most important food and consumer good retailers. The firm operates around 270 stores in Germany. In 2020, the former owner Metro sold real to Russian investor SCP. In the following, SCP sold many markets to competitors like Edeka, Kaufland and Globus, whereas the real estate assets were passed to investment firm X+Bricks. Now, the remains of Real are sold to the single family office of the Tischendorf family. The transaction includes 60 stores which employ more than 5000 people. In June 2022 the transaction should be completed.
Tischendorf single family office as investor
Dr. Sven Tischendorf, an expert for restructuring transactions and new owner of the Real supermarkets, plans to modernize the stores. Furthermore, several former Real managers are part of the transaction.
Article source: FXempire, 14.02.2022
Picture source: gemma
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