Financial pressure and scandal pushes Migros to merge regional co-operatives
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 […]