On June 23, 2016, Valora Holding AG signed a sale agreement for its Naville logistics and distribution business with Thomas Kirschner, the owner of the Frankfurt-based 7Days Group, the leading German press wholesaler. The purchase will take effect retroactively from March 1, 2016. For 2016 as a whole, the business area Valora is selling is expected to generate net revenues (including intra-Group payments) of approximately CHF 100 million. Both parties have agreed not to disclose the agreed purchase price.Find out more
The development and use of digital technologies, particularly those in retail and financial services, are becoming ever more important.
Last year, Valora established its new Valora Lab, whose task is to develop and evaluate new digital business ideas. The Lab uses sector-overarching digital platforms to interact with start-up firms, talented young IT specialists and other companies.Find out more
For many customers of Valora’s various retail formats, that daily cup of coffee is one of the things they most enjoy.
To make that experience even more pleasurable, Valora will significantly enhance its expertise in this area, further improving the quality and freshness of its coffee. Starting in February 2016, Valora will systematically revamp the coffee offering available at 700 of the 1,300 outlets it currently operates in Switzerland.Find out more
Additional store openings in Vienna and Paris.
The expansion of Valora’s well-known fresh-produce and bakery products format is progressing according to plan. After opening its first outlet in Vienna in the spring of 2015, the popular pretzel bakery has now set up shop in Paris.Find out more
Following the successful introduction of bob money, Valora is now launching ok.– cash, its second innovative financial-services offering.
ok.– cash provides loans of between CHF 1,000 and CHF 3,000 for a maximum of three months. Credit applications are made online, simply and discreetly. Funds are then credited to an ok.– prepaid VISA or MasterCard account at any k kiosk or Press & Books outlets in Switzerland.Find out more