Migros invests in online shopping
By acquiring an 80 percent stake in the online retailer LeShop, Migros is increasing its presence in a dynamic growth market.
With the acquisition of 80 percent of the online department store LeShop, Migros is participating in a dynamic growth market. In 2005, LeShop's sales soared by 45 percent and maintained this growth in the first quarter of 2006. Migros is taking over the shares with retroactive effect from January 1. The parties have agreed not to disclose the purchase price.
