In recent years, the German supermarket chain Tegut has become a topic of discussion among experts in the retail industry. Despite facing major job cuts and scrutiny for unprofitable ventures, Migros Zurich has decided to hold onto Tegut, despite advice from industry professionals to sell it as soon as possible.
The decision to keep Tegut is a significant one for Migros, as the company is currently undergoing major cleanup and cost-cutting measures. However, despite these challenges, Tegut remains a priority for Migros Zurich, with no plans for a sale in sight.
Tegut was acquired by Migros Zurich in 2012 as part of an expansion into Germany. While this seemed like a strategic move at the time, it has since proven to be a costly endeavor. Despite losses totaling over 50 million francs already, not including the initial purchase price, Tig
