Switzerland’s biggest retail cooperative Migros has taken a 30% share in the family-owned wholesale business of Cash & Carry Angehrn (CCA).
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The acquisition will not affect any of CCA’s current investment programmes or any its current 300 staff.
The present owners, Martin and Thomas Angehrn, will remain in charge of a delivered wholesale food operation that supplies foodservice and local retailers across the country. For Migros, the deal will complement the existing home bulk delivery network of Migros Scana SA.
