On 12 January, the FMC Board of Directors decides to acquire a 70% stake in Denner AG. Gaydoul Holding retains 30% of the shareholdings. The partnership with the leading food discounter perfectly aligns with Migros' strategy of participating in the growing discount market through complementary product ranges. The alliance makes a major contribution to securing Denner's long-term competitiveness, while also strengthening Migros Industrie's position. Philippe Gaydoul, CEO of Denner, stays on as head of operational management for at least three years to ensure Denner remains Denner in the future. The Swiss Competition Commission (ComCo) gives the go-ahead on 3 September, albeit subject to various conditions. Both parties are nevertheless satisfied as the alliance represents an optimal solution for consumers, employees and suppliers.
