03.10.13

Book retailing: Orell Füssli Thalia AG commences trading

Category: 2013

The merger of the bookselling chains of Orell Füssli Book Retailing Ltd and Thalia Bücher AG to form Orell Füssli Thalia AG, which was announced in spring, has now been completed. The new company commenced operations as planned on October 1 this year.

Zurich, October 3, 2013  -  Orell Füssli Book Retailing Ltd and Thalia Bücher AG each hold 50% of Orell Füssli Thalia AG. The company's share capital was increased from CHF 100 000 to CHF 14 000 000 by contributions in kind. This increase in share capital will soon be recorded in the Commercial Register. 

Orell Füssli is delighted that the preparatory work for this venture has been completed on schedule, thus creating all the preconditions for the commencement of business by the company, which will be managed jointly with Thalia.  

The formation of Orell Füssli Thalia AG has created Switzerland's largest book retailing organisation. A branch network covering the whole of German-speaking Switzerland and the company's strong online presence provide the best possible basis for it to hold its own against the large international online marketers. 

Orell Füssli is an international industrial and trading group focusing on the core businesses of banknote & security printing, industrial systems used in the individualisation of security documents and branded products, and book retailing. The book publishing business is the traditional basis of the Zurich-based company. Orell Füssli generates sales of some CHF 300 million with about 1 000 employees at locations in 10 countries and is listed on the Swiss Stock Exchange.

Contact
Orell Füssli Holding Ltd, phone + 41 44 466 72 73, media[at]orellfuessli.com


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