Thömus' Strategic Acquisition of Bike World from Migros

Tuesday, 10 September 2024, 07:30

Thömus has secured 12 stores by taking over Bike World from Migros. This acquisition expands Thömus' footprint in the bike retail sector, promising job security for employees. Thomas Binggeli ensures all current Bike World employees will receive equivalent job offers, marking a significant move in the bike market.
Handelszeitung
Thömus' Strategic Acquisition of Bike World from Migros

Thömus Acquires Bike World from Migros

Thömus has taken a bold step in the bike retail sector by acquiring Bike World from Migros. This takeover involves twelve stores, enhancing Thömus' network significantly. Thomas Binggeli, the owner, emphasizes that despite the acquisition, the company will remain under the majority ownership of the founding family, retaining its identity as an agile SME.

Employee Security with the Acquisition

  • All existing Bike World employees will maintain their jobs.
  • Binggeli promises equivalent job offers for workers in locations set to close.

Future Plans and Store Transformations

The stores are slated for a redesign before reopening under the Thömus Bike World brand in March 2025. The integration of Thömus' products alongside existing Bike World inventory will provide enhanced options for customers.

Continued Changes at Migros

  1. Migros seeks solutions for as many as other specialized retailers.
  2. Recent changes also include Media Markt's acquisition of Melectronics.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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