Business · Companies · 11 hrs ago
Migros may consider reorganising its regional cooperatives
Swiss retailer Migros is reportedly considering a major reorganisation of its 10 regional cooperatives.
The possible options include reducing them to three or merging them into one, according to media reports; Migros says the claims are speculation.
Migros began a major transformation in 2024, selling several businesses and grouping its core supermarket operations in a new company.
The reports come as Migros and its discount chain Denner lose market share, while rivals Coop and Lidl gain ground.
Coop has also overtaken Migros in online grocery sales and its Naturaplan organic label grew while Migros’s label fell.
Migros says its longer-term work is about improving customer value and simplifying its organisation, and has set efficiency as a goal in its Vision 2035.
Chief Executive Mario Irminger is scheduled to address managers in Zurich on October 27, but Migros says the twice-yearly meeting is a regular event and has not confirmed a cooperative merger plan.
Migros may consider reducing its ten regional cooperatives to three or merging them into one, according to media reports.
Migros chief executive Mario Irminger is expected to present a new strategy to 400 senior managers in Zurich-Oerlikon on 27 October, Watson reported.
Migros spokeswoman Prisca Huguenin-dit-Lenoir rejected the reports as a “wild speculation story”.
She said the event is a regular management meeting planned well in advance, where business performance is discussed.
Migros has said it is considering how to develop the group’s organisation while strengthening customer benefits and the role of its members.
- Who
- Migros and its ten regional cooperatives. Chief executive Mario Irminger is expected to present a strategy to senior managers.
- What
- Media reports say Migros may reduce its ten regional cooperatives to three or merge them into one. Migros rejects the reports as speculation.
- When
- The reported management event is scheduled for 27 October; the year is not stated.
- Where
- Zurich-Oerlikon, Switzerland.
- Why
- The reported changes would centralise and simplify Migros’s organisation. Migros says it is considering organisational development to improve efficiency and customer benefits.
Media reports on possible cooperative restructuring
Migros
Reported restructuring
Media reports on possible cooperative restructuring
Reports say Migros may reduce its ten regional cooperatives to three or merge them into one.
Migros
Migros calls the reports a “wild speculation story” and says its planned event is a regular management meeting.
Purpose and status
Media reports on possible cooperative restructuring
Reports describe a possible centralisation of the cooperatives.
Migros
Migros says it is continuing work based on its Vision 2035 and considering how to develop the group’s organisation.
Migros announced the sale of several subsidiaries and created Migros Supermarkt AG to consolidate its core operating business.
NZZ am Sonntag reported that Migros was considering reducing its regional cooperatives from ten to three or merging them into one.
Irminger is expected to present a new strategy to 400 senior managers at a regular management event in Zurich-Oerlikon.
- Regional cooperatives
- Migros has 10
- Possible reduced number
- 3
- Senior managers at reported event
- 400
- Event location
- Zurich-Oerlikon, Switzerland
- Migros members
- 2.3 million
What people are saying
wild speculation story
At these events, which take place twice a year, business performance is discussed.
I have never seen anything like this over such a long period.
It is far too complicated to run a business on two or three levels.