Saturday, 18 April 2026
REWE Group and Migros Zurich Cooperative have signed an agreement for the potential acquisition of up to 40 stores currently operated under the Tegut brand, with the transaction subject to approval by the Bundeskartellamt.
Under the proposed structure, most of the locations would be integrated into REWE’s supermarket network, while a smaller portion would be taken over by PENNY, part of the REWE Group.
Following completion, the stores are expected to undergo refurbishment and be incorporated into REWE’s existing supply and logistics systems. The retailer indicated that the locations would continue to offer a mix of branded and own-label products, while maintaining links to regional suppliers and organic product ranges.
Peter Maly, CEO of REWE Group, said: “We want to take responsibility for the locations and their teams. For us, this means securing jobs in the same way as the high-quality local supply. This allows us to give employees and markets an economic perspective. For us, the focus is on developing sustainable locations and promoting and welcoming the employees with us.”
Stefan Görgens, Head of Division PENNY Germany, added: “As soon as the approval is granted, we modernize the new markets to our market hall concept. In this way, we offer our customers an extensive range of fresh products and a large selection of attractive brands and own brands at discount-low prices.”
All employees at the affected stores are expected to receive job offers as part of the transition.
The agreement follows a process in which Migros Zurich evaluated multiple potential buyers. Further details on specific locations have not been disclosed due to ongoing regulatory procedures.
The parties intend to submit the transaction for competition review shortly, after which the transfer of the stores can proceed, subject to approval.
