The Swiss retail giant, Migros, is preparing to announce major changes as part of a restructuring effort. This restructuring will have a significant impact on the entire organization and its various store chains. Here are four key points that will guide you through the upcoming changes:
Firstly, it is expected that specialist stores such as Melectronics and SportX will be sold off. Potential buyers for Melectronics include Media Markt and Fnac, while SportX may be acquired by companies like Decathlon or Ochsner Sport. The future of other specialty stores like Micasa, Bike World, and Obi is uncertain, with potential sales or reorganizations on the horizon.
Secondly, Migros is undergoing changes in its supermarket business and production companies. The establishment of Supermarkt AG aims to centralize management of supermarkets to improve efficiency and competitiveness. Meanwhile, the Migros Industry is refocusing on producing high-quality private labels at competitive prices.
Thirdly, the restructuring at Migros will result in job losses. It is estimated that 1,500 jobs will be cut as part of the restructuring efforts, with additional job losses expected through the sale of subsidiaries.
Finally, these changes will reshape the Migros cosmos and set the stage for a new era for the iconic Swiss retailer. The full extent of the changes at Migros will be announced internally with further details expected in the coming weeks.
In summary, Miguel’s restructuring efforts are focused on improving efficiency and competitiveness across all aspects of its business. This includes selling off struggling specialist stores such as Melectronics and SportX while refocusing on producing high-quality private labels at competitive prices in supermarkets and production companies respectively. Additionally, there will be job cuts as part of this process with further details yet to come out publicly about specific subsidiaries being sold or closed down entirely.
