One of the leading names in the global retail industry, Metro is now in talks over the future of the French electronics goods store. It is to be mentioned here that the move clearly highlights the failure of the German retailer to improve the prospects of the business in the region.

The deal is for the 34 Saturn stores, part of the Media Markt/Saturn group majority held by Metro that currently holds a market share of close to over 2% in the France market. For the record, the online goods retailer overall operates 852 stores in 16 European countries.

The German retailer has recently said that it is evaluating the options of selling some of the stores to the investors in the coming time. While the talks have already started with the HTM Group which is one of potential investor in the retail chain, it has also said that the company may look at finalizing new growth strategies for the stores.

Juergen Elfers, an analyst at Commerzbank, said the French retail chain has been a loss making venture for Metro for years now and it is currently running with a sales of close to €583m ($807m) last year.