Migros looking to acquire family owned retailers
Migros Group, the Swiss retailer, is looking to acquire family owned Swiss food groups, Tagesanzeiger reported. The German-language Swiss daily cited Migros' CEO Herbert Bolliger, as saying that he sees opportunities to acquire family owned retailers having recently acquired egg producer Luechinger + Schmid and sausage maker Schaer. Bolliger said family owned retailers looking for a succession often contact him.
Migros achieved sales of CHF 27.3bn in 2014, the report stated.
Tagesanzeiger