Financial pressure and scandal pushes Migros to merge regional co-operatives
Migros is reorganizing its structure due to increasing financial pressure and the failures of decentralization. The company's ten regional co-operatives are dealing with uneven fortunes and stiff competition. Governance issues have also arisen. Last year, the Zurich co-operative lost 180 million CHF. A troubled expansion into Germany contributed to these difficulties. Members will have the final decision on the overhaul.
Financial pressure and the failings of decentralisation have prompted an overhaul. Members will have the final say. Migros is rethinking its structure as financial pressures mount. Its ten regional co-operatives face stiff competition, uneven fortunes and questions about their governance. Last year the Zurich co-operative lost CHF 180m. Its troubled expansion into Germany helps explain […]