Tuesday, 02 January 2024 12:17 GMT

Scandals And Losses Force Revamp Of Swiss Supermarket Chain Migros


Date:

(MENAFN- Swissinfo) Supermarket chain Migros, one of the largest employers in Switzerland, wants to call time on its tradition of decentralised operations by merging its regional cooperatives. Select your language
Generated with artificial intelligence. Listening: Scandals and losses force revamp of Swiss supermarket chain Migros This content was published on October 27, 2026 - 09:16 3 minutes Manuel Rentsch, SRF
    Deutsch de Skandale und Verluste beschleunigen Fusion der Genossenschaften Original Read more: Skandale und Verluste beschleunigen Fusion der Genossensch Português pt Migros quer fundir cooperativas e centralizar gestão na Suíça Read more: Migros quer fundir cooperativas e centralizar gestão na Su

How did this come about and what happens next?

Migros group's core business is barely profitable any more, and its supermarkets are struggling with low margins. This is evident from an analysis of the results of the ten regional cooperatives.

Last year, the Zurich regional co-operative made a loss of CHF180 million. Migros in Ticino, in southern Switzerland, is also in the red. Supermarkets in Ticino and Geneva face competition from low-cost chains based in neighbouring countries.

By dissolving the regional societies and merging them into a group cooperative, Migros aims to make savings and streamline operations.

More More History Retail giant Migros confronts its complicated history with alcohol

This content was published on Nov 12, 2021 A teetotal tale of principles, profits – and accusations of hypocrisy.

Read more: Retail giant Migros confronts its complicated history with al

MENAFN27102026000210011054ID1111874720


Swissinfo

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.



More Story

Search