Migros to Sell Off Specialist Stores in Major Restructuring Effort: Four Key Points for Investors and Employees”.

The iconic Swiss retailer, Migros, is set to announce the fate of its specialist stores as part of a major restructuring effort. This restructuring will have a profound impact on the entire Migros organization. Here are four key points to guide you through the upcoming changes.

Firstly, one of the major changes at Migros will be in its specialist stores, which have been struggling in recent years due to increasing online competition. The restructuring is likely to involve selling off certain chains such as Melectronics and SportX, and potentially others like Micasa, Bike World, Obi, and Do it + Garden. For example, it is expected that Melectronics will be sold to potential buyers including Media Markt and Fnac. SportX may also be acquired by companies like Decathlon or Ochsner Sport.

Secondly, beyond the specialist stores, Migros is also 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. These changes are designed to streamline operations and improve profitability for the company.

Thirdly, as part of these changes, Migros plans to cut 1,500 jobs across various departments throughout the organization. Additional job losses are expected through the sale of subsidiaries such as Melectronics and SportX. It’s important for employees to understand that these changes are necessary for the long-term success of the company and that they will play a crucial role in reshaping the future of Migros.

Finally, while details about these changes will be announced internally in coming weeks, it’s clear that this restructuring effort represents a new era for the iconic Swiss retailer. By making strategic investments in technology and innovation while focusing on high-quality products at competitive prices