Pick Pay was a Swiss enterprise in the Detailhandel. The 1968 in as Discounter created enterprise were restructured several times into the 1990er-Jahren and shifted after Volketswil, where it part the Bon Group and late part of the REWE Switzerland became, before formally the enterprise already dissolved was taken over 2005 by the rest getting thing daughter Denner.

History

Karl Schweri in over twenty years laborious work, which blows up old Swiss the trade system, smooths the way for the Discounter Pick Pay and who wrings branded article industry out 1967 the task of the bound final selling prices for food. Schweri opens the first branch of the Discounters, which admits starting from 1969 as Denner becomes in the same year in Zurich Altstetten.

The Pick Pay AG with seat in is registered on 29 August 1968 in the trade register and open still in the same year their first branch in Zurich Oerlikon. From Glattbrugg operating enterprises 1982 are already taken over by the Hofer & Curti AG.

Hofer & Curti, Denner and the Usego Trimerco getting thing AG (UTH) are received 1990 a strategic partnership to step out in order to break the market dominance from Migros and Coop to, but already 1993 decide Denner. Denner leaves Hofer & Curti of portions to the UTH, in which 1994 Pick Pay one integrates. 1996 follow the fusion of Pick Pay and UTH from which the Usego Hofer Curti AG (UHC) develop, which again 1999 with the Bon getting thing AG fused. Thus those develops for Bon Group (BAG) with seat in Volketswil.

The BAG reaches thereby its Zenith and launches the first Starbucks branches in Continental Europe (license for Switzerland and Austria). Just as fast however the Zenith is again exceeded and the BAG must 2003 from different branches of enterprise and the Starbucks licenses separate. When the German REWE group at allegedly lucrative Swiss market and the shrinking Bon interest announces, the family Curti uses the favour of the hour, in order to sell their portions to the BAG. In June 2003 REWE acquires the document majority to the BAG and submits the mandatory, public assumption offer to all shareholders, whatever further partners use. REWE acquires thereby 88% of the share capital of the BAG.

REWE Switzerland

The year 2004 develops likewise badly and REWE reduces the BAG to the two departments Pick Pay and the catering trade wholesale Prodega CC/Growa CC. In the course years sell further shareholders their portions of REWE, which controls at the end of of 2004 over 99% of the BAG share capital. For Pick Pay new business forms are examined, since the branches are bound usually by long-term leases at real estate properties of the Migros and cannot the contracts not be quit. The "back transformation" of Pick Pay into a Discounter fails, there the Migros with their own M-budget-Produktelinie in the meantime with Denner and Carrefour (Switzerland) a hard price fight supplies themselves. The "subject to notice" branches are transferred and leased in Pick Fresh, a new Franchise system.

In the year 2005 REWE begins with the Migros discussions over a Joint venture in the catering trade wholesale, in which the Migros cooperative federation is active with the department Scana. Suddenly REWE locks however a Joint venture with Coop and draws thereby the annoyance of the Migros on itself. Because of the word break Migros explains to want and the enterprise over the next years of the market disappear in this way let to up-tell renting conditions of the Pick Pay branches with the running out of the contracts in each case.

At the end of June 2005 lets to REWE the remaining BAG shares (0,15%) dekotieren and forces with it legally, the complete assumption of the old society. The remaining BAG departments thereupon in the enterprise REWE Switzerland AG united and new structures. From Swiss Detailhandel one withdraws oneself two months later: on 5 September 2005 the rest getting thing (Denner) confirms officially the assumption of the Pick Pay branches of REWE Switzerland. Starting from 1 November 2005 Pick Pay of the rest getting thing belongs and according to plans by because he boss Philippe Gaydol during the period of January until November 2006 in because he branches will be converted.

Financial year 2004

The enterprise operated end of 2004 125 own business and supplied 100 independent Detaillisten, who arose under the name "Pick Pay partner" at the market. The assortment consisted of over 4 ' 000 articles, which predominantly cover branded articles, in addition, self-branded articles.

In the year 2004 the enterprise employed approximately 1 of ' 300 coworkers and obtained a conversion of CHF 825 million. The profit (or loss) is not well-known.

Related links

• Official Website of Pick Pay
• Press release over the sales at Denner

Articles in category "Pick Pay"

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