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M-Budget belongs to Migros-Genossenschafts-Bund through Migros Supermarkt AG. M-Budget is owned by Migros-Genossenschafts-Bund, headquartered in Switzerland. No. The ultimate owner of M-Budget, Migros-Genossenschafts-Bund, is headquartered in Switzerland, not in the United States.
Migros-Genossenschafts-Bund is a Swiss cooperative society and the largest retail company in Switzerland, operating a wide range of supermarkets, department stores, and other retail outlets.
Sources: en.wikipedia.org, corporate.migros.ch
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