Estorel

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Estorel AG

logo
legal form AG
founding April 4, 1997
resolution April 1, 2005
Reason for dissolution Conversion to Müller Handels AG Switzerland
Seat Risch , Switzerland
Number of employees 297
sales 52.4 million CHF
Branch Drugstores
As of July 26, 2015

The Swiss company Estorel AG operated over 35 drugstores and achieved a market share of five percent with sales of CHF 52.4 million . The company was founded by Hans Peter Weber , who also established the Swiss branch of Toys “R” Us on the market. The main shareholder was the German drugstore chain Ihr Platz with 80 percent, the remaining 20 percent was held by Hans Peter Weber. Competitors were the Sanovit drug stores belonging to Manor AG and the drug stores belonging to EPA .

With the prohibition of price fixing in 1996, the drugstore market in Switzerland was liberalized. Hans Peter Weber used this to found Estorel in 1997. He obtained the necessary financial resources from the Ihr-Platz group. At the end of 1999 there were six branches, which generated 11 million DM . On a like-for-like basis, sales in 2000 grew by 15 percent to DM 40 million and the branch network increased to 17 locations. With 230 employees, an increase of 30, sales of CHF 41.6 million were achieved in 2001. This meant an increase in turnover of 33% compared to 2000, like-for-like a 12.4% increase. There was an expansion boost in the branch network through the cooperation with Globus , which was looking for trading partners for the locations of the Au Bon Marché stores (ABM) in the course of the restructuring . In addition to Estorel, corresponding agreements were made with the textile retailer Oviesse and the Nannini coffee shop . The 35th store was opened in November 2002. As a result, 13 new branches were opened in 2002 and 67 new jobs were created. In total, sales of CHF 52.4 million were achieved, an increase of 26%, like-for-like sales growth of 10.7%.

The expansion strategy came to a standstill in 2003 due to economic problems at the mother, Ihr Platz . Hans Peter Weber then left the company at the end of 2003 and sold his stake to the main shareholder Ihr Platz . Your place sold on 1 November 2004, the Estorel AG with 19 branches in the Müller Ltd. & Co. KG based in Ulm , Germany . Today the company operates under the name of Müller Handels AG Switzerland and operates 48 stores.

Individual evidence

  1. ↑ a b Müller Handels AG Switzerland - SOGC publications. In: monetas . April 28, 1997, accessed July 26, 2015 .
  2. ↑ a b c Müller Handels AG Switzerland - SOGC publications. In: monetas. June 29, 2005, accessed July 26, 2015 .
  3. ↑ a b Estorel's rapid growth. In: news.ch . February 5, 2003, accessed July 26, 2015 .
  4. ↑ a b Pirmin Schilliger: Estorel: Knatsch at the drugstore. In: Handelszeitung . August 26, 2003, accessed July 26, 2015 .
  5. ↑ Health growth market. In: Handelszeitung. July 8, 1998, accessed July 26, 2015 .
  6. ↑ Christof Forster: Competition brings cell refreshment. In: Handelszeitung. September 1, 1999, accessed July 26, 2015 .
  7. ↑ Your place in Switzerland in the future . In: Frankfurter Allgemeine Zeitung . tape 247 , October 24, 1997, p. 24 .
  8. ↑ stagnation at drugstore your place . In: Frankfurter Allgemeine Zeitung . tape 57 , March 9, 1999, p. 28 .
  9. ↑ Takeover of Drospa strains your space . In: Frankfurter Allgemeine Zeitung . tape 61 , March 13, 2001, p. 24 .
  10. ↑ Estorel increases sales by 33 percent. In : wirtschaft.ch . January 10, 2001, accessed July 26, 2015 .
  11. ↑ Unions negotiated social plan for ABM employees. In : wirtschaft.ch. January 24, 2002, accessed July 26, 2015 .
  12. ↑ Pirmin Schilliger: Estorel is expanding with great vigor. In: Handelszeitung. December 4, 2002, accessed July 26, 2015 .
  13. ↑ Pirmin Schilliger: drugstore: Müller wants to make Estorel happy. In: Handelszeitung. April 6, 2005, accessed July 26, 2015 .
  14. ↑ Müller 2015 - Success at a Glance. In: Müller Handels AG Switzerland . Retrieved July 26, 2015 .