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{{Short description|Swiss food and retail holding company}} |
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{{Unreferenced|date=May 2011}} |
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{{Use dmy dates|date=April 2021}} |
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{{Infobox company| |
{{Infobox company| |
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| name = Valora Group |
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| logo = Logo_Valora.svg |
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| company_logo = [[Image:Logo valora.png]] |
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| type = Public (parent company Valora Holding AG traded under VALN) |
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| foundation = 1905 / 1986 (Holding) |
| foundation = 1905 / 1986 (Holding) |
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| location = Valora Holding AG in [[ |
| location = Valora Holding AG in [[Muttenz, Switzerland]] ([[Basel-Landschaft]]) |
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| ⚫ | | key_people = Michael Mueller (CEO)<br />Sascha Zahnd (Chairman)<br />Beat Fellmann (CFO) |
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Valora AG in [[Muttenz, Switzerland]] |
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| key_people = |
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| ⚫ |
| industry = |
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| products = Kiosk and convenience products, coffee, press |
| products = Kiosk and convenience products, coffee, press |
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| revenue = 2. |
| revenue = 2.23 billion [[Swiss franc|CHF]] (2021) |
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| owner = [[Fomento Económico Mexicano|FEMSA]] (97.77%)<br/>Others (2.23%) |
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| num_employees = |
| num_employees = 3'618 FTE (2021) |
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| homepage = |
| homepage = {{url|www.valora.com/}} |
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}} |
}} |
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'''Valora''' is a Swiss retail and food service [[holding company]]. The company was acquired on 7 October 2022 by [[FEMSA]].<ref>{{Cite news|url=https://www.globenewswire.com/en/news-release/2022/10/10/2530648/0/en/FEMSA-completes-acquisition-of-Valora.html/|title=FEMSA completes acquisition of Valora|work=GlobeNewswire|access-date=2022-12-10|language=en-US}}</ref><ref>{{Cite news|url=https://www.cbinsights.com/investor/valora-group/|title=Valora Group|work=CB Insights|access-date=2022-12-10|language=en-US}}</ref> |
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'''Valora''' (also known as ''Valora Group'' and ''Valora Holding AG'') is a Swiss [[retail]] [[holding company]]. |
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==History== |
==History== |
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Valora goes back to the |
Valora goes back to the Schweizer Chocoladen & Colonialhaus, which was founded in [[Olten, Switzerland]] in 1905, which later became known as Merkur AG. The company was initially created to sell coffee and chocolate.<ref name=":0">{{Cite web|url=https://www.20min.ch/finance/news/story/Valora-kauft-den-Brezelkoenig-30028642|title=Valora kauft den Brezelkönig|last=www.20min.ch|first=www 20minuten ch, 20 Minuten, 20 Min|website=20 Minuten|date=25 September 2012 |language=de|access-date=7 July 2019}}</ref> |
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In 1986, '''Merkur AG''' was made into a [[holding company]], Merkur Holding AG, and in 1996, the company was renamed to today's Valora Holding AG. |
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==General== |
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Valora is operating on a Europe-wide scale in three business areas ([[Retail]], [[Service (economics)|Services]] and [[Trade]]). |
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| ⚫ | In 2009, Valora generated 3 billion Swiss francs in turnover and employed 6,500 staff (on a full-time equivalent basis).{{Citation needed|date=May 2011}} |
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In small-outlet retail, the Group’s Valora Retail division operates through four brand names '''k kiosk''', '''avec.''', '''Caffè Spettacolo''' and '''Presse und Buch''' (in English, '''press and books'''). '''Valora Media''' runs the Group’s press distribution business, while '''Valora Trade''' is a distributor of fast moving consumer goods (FMCG). |
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Valora Trade took over Engelschiøn Marwell Hauge AS (EMH) in 2010 and thus opened up the sales and distribution of cosmetic products in Norway. In 2011, Valora Trade took over Scandinavian Cosmetics (ScanCo) and thus acquired access to cosmetic distribution in Sweden. |
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| ⚫ |
In |
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In 2012, Valora has acquired the Ditsch / Brezelkönig group of companies, a distributor of Pretzel nationwide, for 100 million euros.<ref name=":0" /> In October 2013, Michael Müller was named CEO of the group.<ref>{{Cite web|url=https://www.handelszeitung.ch/unternehmen/valora-macht-michael-mueller-zum-konzernchef-511163|title=Valora macht Michael Müller zum Konzernchef|website=Handelszeitung|language=de|access-date=7 July 2019}}</ref><ref>{{Cite web |title=Organisation, Organisational chart |url=https://www.valora.com:443/en/group/organisation/ |access-date=2022-10-03 |website=Valora Holding AG |language=en}}</ref> |
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==Business areas== |
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In 2014, Valora sold Valora Services to Thomas Kirschner, the majority shareholder of Presse-Vertriebs-Gesellschaft. On the other hand, the small-scale retailer Naville in French-speaking Switzerland was acquired.<ref>{{Cite news |title=Valora a finalisé l'acquisition de Naville |url=https://www.lematin.ch/story/valora-a-finalise-l-acquisition-de-naville-599525752099 |access-date=2 March 2015 |website=Le Matin |date=2 March 2015 |language=fr-ch}}</ref> |
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'''Valora Retail''' runs a Europe-wide network of kiosks and other small-outlet retail units located at heavily frequented sites. The division distributes press products, consumer staples and items for the [[impulse purchase]] market. |
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In 2015, Valora was preparing to launch consumer loans available throughout its network of kiosques.<ref>{{Cite web|url=https://www.finews.ch/news/finanzplatz/18465-valora-finanzdienstleistung-kredit-hilmar-scheel-almond-retail-services-glarner-kantonalbank-corner-bank|title=Valora lanciert Banking am Kiosk|date=17 June 2015|website=finews.ch|language=de-de|access-date=7 July 2019}}</ref> The company completed the sale of its Trade division to Aurelius Group.<ref>{{Cite web |title=News / Information |url=https://www.valora.com:443/en/newsroom/detail/4323/sale-of-valoras-trade-division-marks-completion-of-focus-on-its-core-retail-business/ |access-date=2022-10-03 |website=Valora Holding AG}}</ref> |
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'''Valora Retail''' operates kiosk and railway station bookstores in [[Switzerland]], [[Germany]] and [[Luxembourg]]. The product range on offer encompasses press titles, tobacco products, food and non-food items, as well as services. In [[Switzerland]], its domestic market, '''Valora Retail''' operates a network of more than 1,000 k kiosk outlets throughout the country. In [[Luxembourg]], the division operates some 80 kiosks, selling newspapers, magazines, books, tobacco products, convenience articles, lottery tickets and phone cards. These outlets are run under the '''k presse + buch''' and '''k bookstore''' banners. In 2009, two shops using this same concept were also opened in [[Switzerland]]. |
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In 2017, Valora acquired the franchise business BackWerk based in Germany<ref>{{Cite news |title=Ditsch-Eigner kauft Backwerk: Ein Bäckerei-Riese entsteht |language=de |work=FAZ.NET |url=https://www.faz.net/aktuell/wirtschaft/unternehmen/ditsch-eigner-valora-kauft-backwerk-15204444.html |access-date=2022-10-03 |issn=0174-4909}}</ref> as well as the pretzel producer Pretzel Baron in the US.<ref>{{Cite web |title=Den Brezelkönig ziehts nach Amerika |url=https://www.tagesanzeiger.ch/den-brezelkoenig-ziehts-nach-amerika-830007266817 |access-date=2022-10-03 |website=Tages-Anzeiger |date=26 January 2017 |language=de}}</ref> |
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In more than 100 '''avec.''' outlets in [[Switzerland]] and the first '''avec.''' German unit grocery and impulse purchase items are available after the usual shop closing times. The focus here is on essential supermarket items. Besides fresh produce, a range of private label and branded goods is on offer, as are a variety of kiosk articles. |
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In 2019, the company launched the autonomous, cashier-free convenience store avec box at Zurich main station.<ref>{{Cite web |title=Valora Schweiz: Kasse war gestern |url=https://www.food-service.de/weltweit/news/valora-schweiz-kasse-war-gestern-42686 |access-date=2022-10-03 |website=www.food-service.de/ |language=de}}</ref> |
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'''Caffè Spettacolo''' flogs Italian coffee. |
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In mid-2021, Valora announced a collaboration with Moveri and the takeover of the operation of 39 service station stores with its avec format.<ref>{{Cite web |last=Weinmann |first=Benjamin |title=Valora baut 24-Stunden-Shops von Avec aus und greift Selecta an |url=https://www.bzbasel.ch/wirtschaft/detailhandel-24-stunden-offen-und-kein-personal-valora-expandiert-mit-unbedienten-avec-shops-und-greift-selecta-an-ld.2165770 |access-date=2022-10-03 |website=bz Basel |date=21 July 2021 |language=de}}</ref> At the end of the year, Valora acquired the German snack professional Back-Factory <ref>{{Cite web |title=Acquisition : Valora acquires Back-Factory |url=https://www.food-service.de/international/int-news/acquisition-valora-acquires-back-factory-49276 |access-date=2022-10-03 |website=www.food-service.de/ |language=en}}</ref> and announced the rollout of around 300 k kiosk vending machines throughout Switzerland by the end of 2022.<ref>{{Cite web |title=Einschätzung – Valora steigt ins Geschäft mit Verkaufsautomaten ein |url=https://www.fuw.ch/article/valora-steigt-ins-geschaeft-mit-verkaufsautomaten-ein |access-date=2022-10-03 |website=Finanz und Wirtschaft |date=22 December 2021 |language=de}}</ref> |
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The '''Valora Services''' division is a distributor of international press products{{what}} and books. Its logistics system not only supplies media products to Valora Retail’s 1,430 or so outlets, but to third party customers in [[Switzerland]], [[Austria]] and [[Luxembourg]] as well. |
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In June 2022, Valora strengthened its collaboration with Oel-Pool / Moveri and announced the conversion of another 71 of the service station shops into avec stores.<ref>{{Cite web |title=Valora übernimmt weitere Tankstellenshops |url=https://www.fuw.ch/article/valora-uebernimmt-weitere-tankstellenshops |access-date=2022-10-03 |website=Finanz und Wirtschaft |date=20 June 2022 |language=de}}</ref> In July 2022, Valora acquired Frittenwerk, a trendy format based in Germany.<ref>{{Cite web |title=Übernahme: Valora kauft Frittenwerk |url=https://www.food-service.de/maerkte/news/zusammenschluss-valora-kauft-frittenwerk-52018 |access-date=2022-10-03 |website=www.food-service.de/ |language=de}}</ref> |
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In [[Switzerland]], the division is the largest independent media distributor offering international press and book products. '''Valora Services''' links publishers to their retail customers in German- and Italian-speaking [[Switzerland]], [[Liechtenstein]], [[Austria]] and [[Luxembourg]]. |
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The services it provides include picking, sorting and packing, distribution and sales promotion. |
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In 2022, [[Fomento Económico Mexicano]] (FEMSA) announced an acquisition of Valora for up to $1.2bn.<ref>{{Cite news |date=2022-07-05 |title=Femsa to Buy Valora for Up to $1.2 Billion in Europe Push |language=en |work=Bloomberg.com |url=https://www.bloomberg.com/news/articles/2022-07-05/femsa-to-buy-valora-for-up-to-1-2-billion-expands-in-europe |access-date=2022-07-05}}</ref> The acquisition was completed on 7 October 2022. |
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===Valora Trade=== |
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'''Valora Trade''' provides tailor-made, modular distribution and marketing [[solution]]s{{what}} to the fast moving consumer goods (FMCG) industry. |
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Its offerings include modern category and key account management services, sales, merchandising and advisory services on retail outlet yield management. |
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==Description== |
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With its own distribution companies in eight European national markets, '''Valora Trade''' operates a supply network. |
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The Valora Group comprises the two divisions Retail and Food Service. The former includes the formats k kiosk, avec, Press & Books, cigo, ServiceStore DB und U-Store formats. The Food Service division comprises the formats BackWerk, Ditsch, Brezelkönig, Caffè Spettacolo, Frittenwerk and SuperGuud. The company also includes own brands such as ok.– and bob Finance as well as the in-house pretzel production.<ref>{{Cite web |title=An overview of our formats |url=https://www.valora.com:443/en/brands/ |access-date=2022-10-03 |website=Valora Holding AG |language=en}}</ref> Valora's around 2,700 small-scale points of sale of Valora are located at highly frequented locations in Switzerland, Germany, Austria, Luxembourg and the Netherlands. Around 15 000 employees work in Valora's network. |
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In 2021, Valora produced around 730 million baked goods with its 16 production lines operated by Brezelbäckerei Ditsch in Germany and the US and by Brezelkönig in Switzerland.<ref>{{Cite web |date=2022-01-05 |title=Strategy, Production — Annual Report 2021 |url=https://annualreport.valora.com/2021/strategy/production/ |access-date=2022-10-03 |language=en-US}}</ref> |
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==External links== |
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* [http://www.valora.com/ Valora Holding AG] |
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| ⚫ | |||
The Valora Retail division comprises more than 2,000 small-scale points of sale at highly frequented sites in Switzerland, Germany, Luxembourg and Austria. The division includes the formats k kiosk, Press & Books, avec, cigo, ServiceStore DB, U-Store and the own brand ok.– as well as a range of digital services.<ref name="valora.com">{{Cite web |title=Valora is the leading foodvenience provider |url=https://www.valora.com:443/en/ |access-date=2022-10-03 |website=Valora Holding AG |language=en}}</ref> |
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| ⚫ | |||
The Valora Food Service division comprises more than 700 small-scale points of sale at highly frequented sites in Switzerland, Germany, Luxembourg, Austria and the Netherlands. The division includes the formats BackWerk, Ditsch, Brezelkönig, Frittenwerk, Caffè Spettacolo and SuperGuud. The Brezelbäckerei Ditsch with production sites in Germany and the USA makes Valora one of the world's leading producers of pretzels.<ref name="valora.com"/> |
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== References == |
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{{Reflist}} |
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{{Authority control}} |
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[[Category:Retail companies of Switzerland]] |
[[Category:Retail companies of Switzerland]] |
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[[Category:Retail companies established in 1905]] |
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[[Category:Companies based in Basel-Landschaft]] |
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[[Category:Companies listed on the SIX Swiss Exchange]] |
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[[Category:Swiss companies established in 1905]] |
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[[Category:2022 mergers and acquisitions]] |
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| Company type | Public (parent company Valora Holding AG traded under VALN) |
|---|---|
| Industry | Retail, Food Services, Press, Books |
| Founded | 1905 / 1986 (Holding) |
| Headquarters | Valora Holding AG in Muttenz, Switzerland (Basel-Landschaft) |
Key people | Michael Mueller (CEO) Sascha Zahnd (Chairman) Beat Fellmann (CFO) |
| Products | Kiosk and convenience products, coffee, press |
| Revenue | 2.23 billion CHF (2021) |
| Owner | FEMSA (97.77%) Others (2.23%) |
Number of employees | 3'618 FTE (2021) |
| Website | www |
Valora is a Swiss retail and food service holding company. The company was acquired on 7 October 2022 by FEMSA.[1][2]
Valora goes back to the Schweizer Chocoladen & Colonialhaus, which was founded in Olten, Switzerland in 1905, which later became known as Merkur AG. The company was initially created to sell coffee and chocolate.[3]
In 1986, Merkur AG was made into a holding company, Merkur Holding AG, and in 1996, the company was renamed to today's Valora Holding AG.
In 2009, Valora generated 3 billion Swiss francs in turnover and employed 6,500 staff (on a full-time equivalent basis).[citation needed]
Valora Trade took over Engelschiøn Marwell Hauge AS (EMH) in 2010 and thus opened up the sales and distribution of cosmetic products in Norway. In 2011, Valora Trade took over Scandinavian Cosmetics (ScanCo) and thus acquired access to cosmetic distribution in Sweden.
In 2012, Valora has acquired the Ditsch / Brezelkönig group of companies, a distributor of Pretzel nationwide, for 100 million euros.[3] In October 2013, Michael Müller was named CEO of the group.[4][5]
In 2014, Valora sold Valora Services to Thomas Kirschner, the majority shareholder of Presse-Vertriebs-Gesellschaft. On the other hand, the small-scale retailer Naville in French-speaking Switzerland was acquired.[6]
In 2015, Valora was preparing to launch consumer loans available throughout its network of kiosques.[7] The company completed the sale of its Trade division to Aurelius Group.[8]
In 2017, Valora acquired the franchise business BackWerk based in Germany[9] as well as the pretzel producer Pretzel Baron in the US.[10]
In 2019, the company launched the autonomous, cashier-free convenience store avec box at Zurich main station.[11]
In mid-2021, Valora announced a collaboration with Moveri and the takeover of the operation of 39 service station stores with its avec format.[12] At the end of the year, Valora acquired the German snack professional Back-Factory [13] and announced the rollout of around 300 k kiosk vending machines throughout Switzerland by the end of 2022.[14]
In June 2022, Valora strengthened its collaboration with Oel-Pool / Moveri and announced the conversion of another 71 of the service station shops into avec stores.[15] In July 2022, Valora acquired Frittenwerk, a trendy format based in Germany.[16]
In 2022, Fomento Económico Mexicano (FEMSA) announced an acquisition of Valora for up to $1.2bn.[17] The acquisition was completed on 7 October 2022.
The Valora Group comprises the two divisions Retail and Food Service. The former includes the formats k kiosk, avec, Press & Books, cigo, ServiceStore DB und U-Store formats. The Food Service division comprises the formats BackWerk, Ditsch, Brezelkönig, Caffè Spettacolo, Frittenwerk and SuperGuud. The company also includes own brands such as ok.– and bob Finance as well as the in-house pretzel production.[18] Valora's around 2,700 small-scale points of sale of Valora are located at highly frequented locations in Switzerland, Germany, Austria, Luxembourg and the Netherlands. Around 15 000 employees work in Valora's network.
In 2021, Valora produced around 730 million baked goods with its 16 production lines operated by Brezelbäckerei Ditsch in Germany and the US and by Brezelkönig in Switzerland.[19]
The Valora Retail division comprises more than 2,000 small-scale points of sale at highly frequented sites in Switzerland, Germany, Luxembourg and Austria. The division includes the formats k kiosk, Press & Books, avec, cigo, ServiceStore DB, U-Store and the own brand ok.– as well as a range of digital services.[20]
The Valora Food Service division comprises more than 700 small-scale points of sale at highly frequented sites in Switzerland, Germany, Luxembourg, Austria and the Netherlands. The division includes the formats BackWerk, Ditsch, Brezelkönig, Frittenwerk, Caffè Spettacolo and SuperGuud. The Brezelbäckerei Ditsch with production sites in Germany and the USA makes Valora one of the world's leading producers of pretzels.[20]
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