Sale process of Hotelplan progresses
Published: Monday, Nov 11th 2024, 19:20
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The sale of the Migros subsidiary Hotelplan is on the home straight. As the "Handelszeitung" newspaper wrote on Monday, the two German providers Hometogo and Dertour are in the bidding war. A Swiss family office has also expressed interest.
Dertour had already taken over Kuoni in Switzerland a few years ago. According to the report, the company could therefore only be interested in parts of Hotelplan. As Dertour has a certain amount of market power in Switzerland, antitrust issues could also play a role.
According to a report in the German trade magazine "FVW", a family office of a Swiss financial investor is also said to be interested in Hotelplan. However, no names were mentioned.
Migros did not wish to confirm the names of the prospective buyers at the request of the news agency AWP due to confidentiality agreements. "Talks are underway with several potentially interested parties, including for the Hotelplan Group as a whole," was all that was said.
Migros wants to "consciously take its time and search carefully for the best possible new owner", the statement continues. The sales process as such has met with great interest.
At the beginning of the year, Migros management decided to part with the traditional Hotelplan business. At the time, it was said that the Hotelplan business no longer fitted in with Migros' core strategy. The cosmetics business Mibelle is also to be sold. Migros has now found some buyers for specialist stores such as Bike World, Do it+Garden, Micasa, Melectronics and Obi.
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