Gottlieb Duttweiler
Gottlieb Duttweiler (15 August 1888 – 8 June 1962) was a Swiss businessman and politician, founder of both the Migros chain of grocery stores and the Alliance of Independents (''Landesring der Unabhängigen,'' LDU) party.
Life and work
Dutt ...
and belongs to the
Federation of Migros Cooperatives
Migros () is Switzerland's largest retail company, its largest supermarket chain and largest employer. It is also one of the forty largest retailers in the world. It is structured in the form of a cooperative federation (the Federation of Migros ...
. It has 67 branches in Switzerland (20 new between 2008 and 2016).
In 2015, it has a
balance sheet
In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business ...
of 42 billion
Swiss francs
The Swiss franc, or simply the franc, is the currency and legal tender of Switzerland and Liechtenstein. It is also legal tender in the Italian exclave of Campione d'Italia which is surrounded by Swiss territory. The Swiss National Bank (SNB) i ...
Le temps
' (, ) is a Swiss French-language daily newspaper published in Berliner format in Geneva by Le Temps SA. The paper was launched in 1998, formed out of the merger of two other newspapers, and (the former being a merger of two other papers), ...
'', Tuesday 19 January 2016 (page visited on 29 August 2016).Rapport de gestion 2015 Migros Bank (page visited on 29 August 2016).
In April 2020, Migros Bank agreed to pay German justice authorities around 2.4 million euros to settle allegations that it allowed German clients to evade taxes.
In 2022, Migros Bank's Chairman of the board of directors, Fabrice Zumbrunnen, announced that he would be stepping down from his position.
Bank
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...