Rewe, the Cologne-based retail organisation, has entered into an agreement with Migros, the Swiss retail cooperative, to acquire up to 40 Tegut supermarket stores in a strategic move to strengthen its regional distribution network. The contract covers branches situated in Hesse, Thuringia and Bavaria. Tegut, the Fulda-based supermarket operator that specialises in organic food, currently maintains approximately 315 locations but has faced significant financial pressure, reportedly recording an operating loss …










