Dipl. Ing. Fust

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Dipl. Ing.Fust AG

logo
legal form Corporation
founding 1958/1959 or 1966
Seat Oberbueren , Switzerland
management Thomas Giger
( CEO )
Daniel Stucker
( Chairman of the Board of Directors )
Number of employees 2,208 (2,129 FTE )
sales CHF 1031 million
Branch Retail trade
Website www.fust.ch
As of December 31, 2018

The Dipl. Ing. Fust AG with headquarters in Oberbüren is a Swiss specialty store chain for electric home appliances , consumer electronics and computers . In addition, Fust also offers professional equipment for catering and company catering .

The second mainstay of Fust includes the areas of new construction , remodeling and renovation of private homes with a focus on age-appropriate and handicapped-friendly construction as well as kitchen and bathroom renovations .

Fust has 150 branches across Switzerland and in 2018 generated sales of 1031 million Swiss francs with around 2,200 employees. Fust has been an independent subsidiary of the Coop Group since November 2007 .

history

August Fust (* 1913), who was originally a factory worker and later a representative at Grossenbacher, moved from Gossau to Niederuzwil in 1947 . In 1958/1959 he founded August Fust AG in the neighboring town of Oberbüren , which traded in household appliances. His first employee and then a partner was Albert Hauser, who later became the husband of the first daughter Ursula.

The second child, Walter (born July 17, 1941 in Gossau), ran a small mail order business for household appliances as a mechanical engineering student at the ETH from 1960–1964. After studying engineering, he was denied entry into his father's company. He then opened a white goods store on Eigerplatz in Bern on his own initiative in November 1966 with start-up capital of 15,000 francs that he had earned from the mail order business. He was particularly successful by making house calls in rural areas where his father was not active, selling washing machines. In the first year he earned 1.45 million francs. Thereupon Walter opened another branch in Olten, in return his father August Fust opened a branch in Winterthur.

In 1969, his father offered him, together with Albert Hauser, to take over his household appliance company August Fust AG at its current headquarters in Oberbüren, which he accepted. August Fust AG was renamed into Dipl. Ing. Fust AG, which was taken over by the Bern company. In the two decades that followed, Fust AG developed into one of Switzerland's leading specialist retail chains for electrical household appliances.

In 1973 the Fust partner Albert Hauser died at the age of 37. The surviving wife Ursula Hauser-Fust, who is Walter Fust's sister, was appointed as the new partner. Since then, the company has belonged to the two siblings alone. The partnership made it possible for Ursula Hauser to lay the foundation stone for the later Hauser & Wirth Collection .

In 1987 Fust went public. In 1994 Walter Fust sold his majority of the shares to Jelmoli Holding and thus became a major shareholder in Jelmoli, but he remained the head of the Fust chain. Two years later, the company came back into the possession of Walter Fust, who gained control of the entire group by taking over the majority of the shares in Jelmoli Holding. In 1998 Walter Fust resigned from his position as chief executive, but remained Chairman of the Board of Directors. Over the years, companies such as Rediffusion and Eschenmoser have been taken over under the umbrella of Jelmoli Holding .

In the course of the realignment of Jelmoli Holding and its gradual withdrawal from the retail trade , Dipl. Ing. Fust AG was sold to Coop at the end of November 2007 after approval by the competition commission . There it was integrated into the Coop Group as an independent subsidiary on the market.

In September 2019, Fust opened a new logistics center in Oberbüren.

Individual evidence

  1. ↑ Coop Group in figures: employees. (PDF; 184 KB) In: report.coop.ch. Retrieved September 3, 2019 .
  2. ↑ Factsheet Fust. (PDF; 650 KB) In: report.coop.ch. Retrieved September 3, 2019 .
  3. ↑ Coop, Annual Report 2008 (PDF; 7.6 MB)
  4. ↑ a b Walter Fust - from the son of a worker to a major entrepreneur . In: St.Galler Tagblatt . April 10, 2017 ( tagblatt.ch [accessed April 9, 2018]).
  5. ^ A b c Walter Fust: Autobiography of Walter Fust. Accessed on April 9, 2018 (own receipt).
  6. ↑ Dipl. Ing. Walter Fust visiting our library . In: Rorschacher Echo . April 5, 2017 ( rorschacherecho.ch [accessed April 9, 2018]).
  7. ^ Dieter Bachmann: Dipl. Schlaumeier . In: Neue Zürcher Zeitung . October 31, 2016, ISSN  0376-6829 ( nzz.ch [accessed April 9, 2018]).
  8. ↑ a b Adrian Sulc: He came for the military - and stayed for household devices . In: The Bund . April 13, 2016, ISSN  0774-6156 ( derbund.ch [accessed April 9, 2018]).
  9. ↑ Fust buys at Cablecom . In: Neue Zürcher Zeitung . August 22, 2002, ISSN  0376-6829 ( nzz.ch [accessed April 9, 2018]).
  10. ↑ A discount pioneer gives up . In: Neue Zürcher Zeitung . May 15, 2006, ISSN  0376-6829 ( nzz.ch [accessed April 9, 2018]).
  11. ↑ Coop, press release of November 26, 2007  ( page no longer available , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.@1@ 2Template: Dead Link / medienmitteilungen.coop.ch  
  12. ↑ Coop subsidiary Fust inaugurates XXL logistics center. In: blick.ch . September 12, 2019, accessed September 15, 2019 .