Emmi to acquire French group Mademoiselle Desserts
Emmi to acquire French group Mademoiselle Desserts
Keystone-SDA
Swiss dairy products firm Emmi has reached an agreement to acquire the French Mademoiselle Desserts group, which specialises in high-end pastries. The company is worth €900 million (CHF875.3 million).
This content was published on
2 minutes
Keystone-SDA
Français
fr
Emmi veut racheter le groupe français Mademoiselle Desserts
Original
The deal will enable the Lucerne-based dairy processor to expand its market share in the premium desserts category, and is part of its targeted internationalisation strategy, it announced in a press release on Friday.
Do you want to read our weekly top stories? Subscribe here.
“Our aim is to bring Mademoiselle Desserts’ expertise in the French culinary and pastry arts under the umbrella of the Emmi Group”, and to complement the range with Italian, American and Latin American-inspired desserts, says Managing Director Ricarda Demarmels.
The French group’s current CEO, Didier Boudy, would assume responsibility for the new Emmi “Desserts Powerhouse”, bringing together all dessert brands to pursue the strategic development of this segment.
Mademoiselle Desserts has a leading position in the European desserts market, with twelve of its own production sites in France, England, the Netherlands and Belgium.
With some 2,000 employees, the French group achieved sales of €420 million last year. The value of Mademoiselle Desserts at €900 million corresponds to an implicit Ebitda multiplier lower than that currently negotiated for the Emmi Group.
Completion of the transaction remains subject to consultation with employee representatives and the relevant competition and supervisory authorities. Its financial impact on the current financial year cannot yet be assessed, says Emmi, confirming its targets for 2024 and the medium term, while maintaining its dividend strategy.
Translated from French by DeepL/mga
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look here, if you want to learn more about how we use technology, click here, and if you have feedback on this news story please write to english@swissinfo.ch.
External Content
Your subscription could not be saved. Please try again.
Almost finished… We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.
Popular Stories
More
Foreign affairs
Magnitsky case: How Switzerland failed to investigate Russian millions
What do you think Switzerland’s Alain Berset can bring to the Council of Europe?
The former interior minister is to become the first Swiss Secretary General of the Council of Europe – which issues should his five-year term focus on?
Swiss sites no longer suitable to store radioactive waste
This content was published on
The Federal Department of the Environment is removing the three siting regions Jura-Südfuss , Südranden and Wellenberg from the sectoral plan for deep geological repositories. They were previously intended as reserve sites for the storage of low- and intermediate-level radioactive waste.
Swiss State Secretary warns against cutting development aid
This content was published on
The head of the Swiss State Secretariat for Economic Affairs criticised the plan to cut CHF500 million a year from development aid and use it for the army.
Swiss politician pledges not to abandon valleys after devastating storms
This content was published on
Carmelia Maissen said that resettlement could occur in specific cases. But "we certainly will not abandon entire valleys".
Switzerland’s financial watchdog investigates group of German state deniers
This content was published on
An investigation by Swiss public television, SRF, has warned of the scams perpetrated by the "Königreich Deutschland" (Kingdom of Germany) in Switzerland.
Euro 2024: England knock Switzerland out in penalty shootout to reach semi-finals
This content was published on
The Swiss were knocked out in the quarter-finals of the European Championship after a penalty shootout, losing 5-3 to England in Düsseldorf.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.