Denner
Encyclopedia
Denner is a discount supermarket
chain in Switzerland
. It is Switzerland's third largest supermarket chain after Migros
and Coop (Switzerland)
with 11.4% market share.
It was started in 1881 and later developed by Karl Schweri just after the Second World War, it later made Switzerland's first discounter in 1967 in Zurich
. In 1973, it broke the country's tobacco cartel
. In 2004, the sales of its 580 outlets exceeded CHF 1.8 billion.
In January 2007 it was announced that Migros
has purchased a majority stake in Denner.
Supermarket
A supermarket, a form of grocery store, is a self-service store offering a wide variety of food and household merchandise, organized into departments...
chain in Switzerland
Switzerland
Switzerland name of one of the Swiss cantons. ; ; ; or ), in its full name the Swiss Confederation , is a federal republic consisting of 26 cantons, with Bern as the seat of the federal authorities. The country is situated in Western Europe,Or Central Europe depending on the definition....
. It is Switzerland's third largest supermarket chain after Migros
Migros
Migros is one of Switzerland's largest enterprises, its largest supermarket chain and largest employer. It co-founded Turkey's largest retailer, Migros Türk, which became independent of Migros Switzerland in 1975....
and Coop (Switzerland)
Coop (Switzerland)
Coop is a Swiss cooperative which operates the largest in supermarket chain in Switzerland. In 2001, Coop merged with 11 cooperative federations which had been its main suppliers for over 100 years....
with 11.4% market share.
It was started in 1881 and later developed by Karl Schweri just after the Second World War, it later made Switzerland's first discounter in 1967 in Zurich
Zürich
Zurich is the largest city in Switzerland and the capital of the canton of Zurich. It is located in central Switzerland at the northwestern tip of Lake Zurich...
. In 1973, it broke the country's tobacco cartel
Cartel
A cartel is a formal agreement among competing firms. It is a formal organization of producers and manufacturers that agree to fix prices, marketing, and production. Cartels usually occur in an oligopolistic industry, where there is a small number of sellers and usually involve homogeneous products...
. In 2004, the sales of its 580 outlets exceeded CHF 1.8 billion.
In January 2007 it was announced that Migros
Migros
Migros is one of Switzerland's largest enterprises, its largest supermarket chain and largest employer. It co-founded Turkey's largest retailer, Migros Türk, which became independent of Migros Switzerland in 1975....
has purchased a majority stake in Denner.