Swiss cooperative Migros is entering the race for stores in the German Kaiser’s-Tengelmann supermarket chain, which have recently been put up for sale. Migros is already present in Germany through the supermarket chain Tegut and is now seeking to purchase 130 Kaiser’s-Tengelmann stores to expand its reach in the country. Speaking to the Swiss magazine Blick, Jörg Blunschi, Migros managing director, said the purchase of the stores in Bavaria would …
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Tengelmann
Leading supermarket chain Kaufland has entered the race to acquire Tengelmann’s Kaiser’s Tengelmann stores, according to a report in Focus. The move comes after competition authorities objected to a proposed takeover by the Edeka chain which was announced last October. At the time, Tengelmann said that Edeka would be taking over both Kaiser’s retail outlets and the online subsidiary Tengelmann E-Stores GmbH, with the aim of integrating the business into …
German retail chain Tengelmann, which is active in sectors including groceries, textiles and DIY, has announced that it is to sell off the entirety of its supermarket business to rival Edeka. Previously, Tengelmann had announced that its supermarket arm, which operates under the name Kaiser’s Tengelmann, was to undergo a thorough analysis and that different courses of actions were to be considered. The business, which operates 451 stores, employs 15,958 …
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