Migros Zurich to Withdraw From German Market
27 Articles
27 Articles
Off for Tegut in Germany. The supermarket chain is to disappear completely. Thousands of employees are affected. Also a plan for the branches already exists.
The Tegut supermarket chain is facing an uncertain future. Owner Migros wants to focus more on the Swiss market and sells the branches in Germany. Some of the locations are to go to Edeka.
The Swiss food giant Migros no longer sees a future in Germany. Hundreds of Tegut branches are therefore threatened by the closure. A solution is now being found for a large part of the business.
The news hits Osthessen like a timpani strike: the traditional supermarket chain Tegut is about to end. After decades as an integral part of the regional trade landscape, the name will no longer continue to be used. Migros Zürich cooperative withdraws from Germany and sells a large part of the company to Edeka. For many people in the region, this means far more than just an economic decision - it is the end of a special company history. Wolfgang…
The Swiss cooperative Migros Zürich sees no future for its German subsidiary Tegut despite its renovation and austerity program. Most of the supermarket branches are sold to Edeka.
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