The Swiss retail giant intends to refocus on its core business and invest more than eight billion francs, particularly in the modernization of its supermarkets.
At the same time, Migros has indicated that it wants to sell off companies that no longer correspond to the group’s strategy and is looking for new owners for the Mibelle Group, which manufactures cosmetic products and ingredients, as well as home care products.
According to Migros, the Mibelle Group’s currently achieves around 70% of its turnover on foreign markets. “The link with the core business of Migros in Switzerland is increasingly tenuous. The Mibelle Group certainly produces many products for the Migros supermarkets, but in small quantities compared to its global sales,” explains the company.
Migros therefore says that the Mibelle Group will have better growth prospects with a new owner.