Migros Aims for Efficiency Gains with Merger of Cooperatives
10 Articles
10 Articles
The orange giant plans to merge its ten regional cooperatives to keep more than one. What about this strategy, which was that of the Coop in the past? A governance specialist gives us his analysisThere were ten, there will soon remain more than one: The Migros distributor plans to merge its ten regional cooperatives to keep only one. Before Migros, many years ago, in 2001, it was the Coop that carried out a similar transformation. So, effective …
The regional cooperatives of the Migros are to be merged. With the so-called "group cooperative" one wants to prevent double traces and additional expenditures. The Migros cooperatives determine whether there will be a final merger in an initial vote.
Swiss retail giant Migros is planning a major reorganization of its structure, merging ten regional cooperatives, the Migros Cooperative Federation (MGB) and the Migros Supermarkt AG company into a single group cooperative. According to the Swiss newspaper Blick, the reform aims to simplify management structures and increase the company's efficiency. As part of this change, Migros CEO Mario Irminger and Migros Supermarkt AG CEO Peter Diethelm ar…
The cooperatives are to vote on the merger in the middle of 2027, which is to make the orange giant more efficient.
The merger of the Migros comrades requires not only two-thirds majority votes. It takes 25 percent voter participation.
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