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Valora (company)

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Valora Group
Company typePublic (parent company Valora Holding AG traded under VALN)
IndustryRetail, Food Services, Press, Books
Founded1905 / 1986 (Holding)
HeadquartersValora Holding AG in Muttenz, Switzerland (Basel-Landschaft)
Key people
Michael Mueller (CEO)
Sascha Zahnd (Chairman)
Beat Fellmann (CFO)
ProductsKiosk and convenience products, coffee, press
Revenue2.23 billion CHF (2021)
OwnerFEMSA (97.77%)
Others (2.23%)
Number of employees
3'618 FTE (2021)
Websitewww.valora.com

Valora is a Swiss retail and food service holding company. The company was acquired on 7 October 2022 by FEMSA.[1][2]

History

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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.

Description

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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.[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]

Valora Retail division

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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.[20]

Valora Food Services division

[edit]

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]

References

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  1. ^ "FEMSA completes acquisition of Valora". GlobeNewswire. Retrieved 10 December 2022.
  2. ^ "Valora Group". CB Insights. Retrieved 10 December 2022.
  3. ^ a b www.20min.ch, www 20minuten ch, 20 Minuten, 20 Min (25 September 2012). "Valora kauft den Brezelkönig". 20 Minuten (in German). Retrieved 7 July 2019.{{cite web}}: CS1 maint: multiple names: authors list (link) CS1 maint: numeric names: authors list (link)
  4. ^ "Valora macht Michael Müller zum Konzernchef". Handelszeitung (in German). Retrieved 7 July 2019.
  5. ^ "Organisation, Organisational chart". Valora Holding AG. Retrieved 3 October 2022.
  6. ^ "Valora a finalisé l'acquisition de Naville". Le Matin (in Swiss French). 2 March 2015. Retrieved 2 March 2015.
  7. ^ "Valora lanciert Banking am Kiosk". finews.ch (in German). 17 June 2015. Retrieved 7 July 2019.
  8. ^ "News / Information". Valora Holding AG. Retrieved 3 October 2022.
  9. ^ "Ditsch-Eigner kauft Backwerk: Ein Bäckerei-Riese entsteht". FAZ.NET (in German). ISSN 0174-4909. Retrieved 3 October 2022.
  10. ^ "Den Brezelkönig ziehts nach Amerika". Tages-Anzeiger (in German). 26 January 2017. Retrieved 3 October 2022.
  11. ^ "Valora Schweiz: Kasse war gestern". www.food-service.de/ (in German). Retrieved 3 October 2022.
  12. ^ Weinmann, Benjamin (21 July 2021). "Valora baut 24-Stunden-Shops von Avec aus und greift Selecta an". bz Basel (in German). Retrieved 3 October 2022.
  13. ^ "Acquisition : Valora acquires Back-Factory". www.food-service.de/. Retrieved 3 October 2022.
  14. ^ "Einschätzung – Valora steigt ins Geschäft mit Verkaufsautomaten ein". Finanz und Wirtschaft (in German). 22 December 2021. Retrieved 3 October 2022.
  15. ^ "Valora übernimmt weitere Tankstellenshops". Finanz und Wirtschaft (in German). 20 June 2022. Retrieved 3 October 2022.
  16. ^ "Übernahme: Valora kauft Frittenwerk". www.food-service.de/ (in German). Retrieved 3 October 2022.
  17. ^ "Femsa to Buy Valora for Up to $1.2 Billion in Europe Push". Bloomberg.com. 5 July 2022. Retrieved 5 July 2022.
  18. ^ "An overview of our formats". Valora Holding AG. Retrieved 3 October 2022.
  19. ^ "Strategy, Production — Annual Report 2021". 5 January 2022. Retrieved 3 October 2022.
  20. ^ a b "Valora is the leading foodvenience provider". Valora Holding AG. Retrieved 3 October 2022.
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