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.
What factors should be taken into account when inheriting Swiss citizenship abroad?
Should there be a limit to the passing on of Swiss citizenship? Or is the current practice too strict and it should still be possible to register after the age of 25?
Is your place of origin, your Heimatort, important to you?
Every Swiss citizen has a Heimatort, a place of origin, but many have never visited theirs. What’s your relationship with your Heimatort? What does it mean to you?
This content was published on
Scientists have shown that bonobos combine their calls into complex sound sequences that resemble combinations of human words.
This content was published on
US parliamentarians have threatened the UN Human Rights Council with sanctions similar to those against the International Criminal Court (ICC).
This content was published on
Thanks to abundant snowfall, lift operators benefited from increased visitor numbers, with the number of guests jumping by 12% year-on-year.
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.