Swiss perspectives in 10 languages

Fust strikes deal with Service 7000

Walter Fust, President of Fust parent company Jelmoli Holding Keystone

The Swiss electrical goods store, Fust, is taking a 50 per cent stake in household appliance maker Service 7000. Fust, which is owned by the retail and property group Jelmoli, did not reveal the cost of the deal.

Based in Netstal in canton Glarus, Service 7000 saw a turnover of SFr20 million in the previous financial year.

Jelmoli said in a statement that this latest deal for Fust opens up a new segment of the market for the company, with potential for synergies for both firms in logistics, administration and sales.

Martin Reithebuch will remain as managing director of Service 7000.

swissinfo with agencies

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

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

SWI - a branch of Swiss Broadcasting Corporation SRG SSR

SWI - a branch of Swiss Broadcasting Corporation SRG SSR