Migros sells Bike World
MediaMarkt is taking over 20 of melectronics' 37 stores and will also continue to employ the staff and apprentices working there. The acquired stores will continue to operate under the "MediaMarkt" brand. 17 melectronics stores will be closed by November 2024. The approximately 100 employees affected by the store closures will be offered other positions within or outside the Migros Group where possible.
Buyers sought for Bike World
After conducting an analysis, the Board of Directors of Migros Fachmarkt AG has decided to also start the divestment processes for the Micasa, Bike World and Do it + Garden specialist stores. The divestment processes will not change anything for customers and business partners of Micasa, Do it + Garden and Bike World; all business will continue as before, the orange giant announced.
According to Migros, the divestment process for SportX launched in February is on track and still ongoing.
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