Waro (chain of stores)
| Waro AG
|
|
|---|---|
 |
|
| legal form | Corporation |
| founding | 1969 |
| resolution | 2003 |
| Reason for dissolution | takeover |
| Seat |
Volketswil , Switzerland
|
| Number of employees | 1000 (2003) |
| sales | 819.8 million CHF (1992) |
| Branch | retail trade |
Waro was a retail chain in Switzerland . The company was founded in 1969 by Hans Rudolf Stahel and taken over by Coop in 2003 .
history
In 1969, Hans Rudolf Stahel founded a new retail chain that was to be based on large-scale supermarkets following the US model . In the first year three stores were opened, one of them in Volketswil .
In 1971 Stahel sold the chain to Usego . After he left, he founded the hardware store chain Jumbo .
From the mid-1980s, the majority shareholders of Usego Trading Holding (UTH), Karl Schweri and Beat Curti , tried to position it as the third largest retail company after Migros and Coop. After this did not succeed, Waro was released from Usego in the winter of 1993/1994 and transferred to Schweris Rast Holding.
Since the synergies with Denner were limited, Rast Holding decided at the turn of the millennium to sell Waro again. In 2003 the chain was sold to Coop after the takeover by Carrefour had failed four years earlier . After the takeover, 22 of the 28 locations were converted into Coop supermarkets. The remaining locations were closed or converted into specialist stores ( Toptip and Interdiscount ).
Web links
Individual evidence
- ↑ a b BGE 99 II 172
- ↑ a b Annual Report of the Coop Group 2003. Coop Cooperative , accessed on January 22, 2019 .
- ↑ Slight increase . In: Hotel + Touristik Revue . No. 13 , April 1, 1993, pp. 11 .
- ↑ Peter Kaiser, Bruno Meier: 100 years of Usego: A search for traces . here + now, Baden 2007.
- ↑ Coop buys Waro from Denner's mother. Neue Zürcher Zeitung , November 20, 2002, accessed on January 22, 2019 .