German retailer REWE steels for Amazon move into food

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By Matthias Inverardi and Nikola Rotscheroth COLOGNE, Germany (Reuters) – Germany’s second-biggest supermarket group REWE is investing heavily in grocery ecommerce even though it does not expect to turn a profit soon, as it braces for Amazon to expand its food delivery service. “We know that we will still not work profitably for several years, but it is not blowing money,” REWE Chief Executive Alain Caparros told Reuters in an interview.

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German retailer REWE steels for Amazon move into food