Rewe Plans Takeover of Up to 40 Tegut Stores Amid Lufthansa Strikes
German supermarket chain Rewe has signed a contract to acquire up to 40 stores from the Tegut chain, pending approval from the Federal Cartel Office. The deal involves Migros, which is withdrawing from the German market, with remaining Tegut locations potentially going to Edeka or Aldi Nord. Rewe intends to operate most acquired stores directly, while transferring others to its discount subsidiary, Penny, and plans to offer jobs to existing employees. In parallel automotive news, Stellantis announced it will cease vehicle production at its Poissy plant near Paris after 2028, shifting the site to parts production and disassembly while retaining approximately 1,000 jobs. Meanwhile, labor disputes continue to disrupt air travel as strikes by Lufthansa pilots and flight attendants led to hundreds of flight cancellations, particularly at the Frankfurt hub. The industrial action follows failed arbitration talks regarding collective bargaining agreements. Additionally, sensor manufacturer Sick announced plans to cut an additional 500 jobs, affecting its headquarters in Waldkirch and other sites in Baden-Württemberg, citing structural adjustments within the company.
Wire timeline
Rewe Plans Takeover of Up to 40 Tegut Stores Amid Lufthansa Strikes
German supermarket chain Rewe has signed a contract to acquire up to 40 stores from the Tegut chain, pending approval from the Federal Cartel Office. The deal involves Migros, which is withdrawing from the German market, with remaining Tegut locations potentially going to Edeka or Aldi Nord. Rewe intends to operate most acquired stores directly, while transferring others to its discount subsidiary, Penny, and plans to offer jobs to existing employees. In parallel automotive news, Stellantis announced it will cease vehicle production at its Poissy plant near Paris after 2028, shifting the site to parts production and disassembly while retaining approximately 1,000 jobs. Meanwhile, labor disputes continue to disrupt air travel as strikes by Lufthansa pilots and flight attendants led to hundreds of flight cancellations, particularly at the Frankfurt hub. The industrial action follows failed arbitration talks regarding collective bargaining agreements. Additionally, sensor manufacturer Sick announced plans to cut an additional 500 jobs, affecting its headquarters in Waldkirch and other sites in Baden-Württemberg, citing structural adjustments within the company.
Aktuell - FAZ.NET