Swiss online retailer Galaxus will continue to be active in international online retail. The Migros Group, as majority owner, has approved the necessary budget for four years. Galaxus intends to use the funds to expand its existing European business. The Board of the Federation of Migros Cooperatives (FMC) reviewed all strategic business areas of the Group in the spring – including Galaxus' European expansion: "The strategy analysis has now shown that the targeted expansion of the online business in the European market is promising," says Galaxus.
Galaxus Germany, for example, was launched in November 2018 and now employs 200 people at four locations. In its first six years of operation, around 2.5 mio customers have brought the German subsidiary an annual turnover of 286 mio euros.
