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Austrian Raiffeisen acquires stake in gourmet publisher Falstaff for expansion
Raiffeisen-Holding Niederösterreich-Wien has acquired a 25.1% stake in the gourmet publisher Falstaff, which aims for significant international expansion. Currently generating €41 million in revenue, Falstaff plans to grow to €45 million by 2025 and enter at least twelve European markets, including Spain and Serbia. CEO Michael Höllerer emphasizes the partnership's role in supporting Falstaff's ambitious growth strategy amidst a challenging publishing landscape.
Raiffeisen-Holding acquires stake in Falstaff to support international expansion
Raiffeisen-Holding NÖ-Wien has acquired a 25.1% stake in FALSTAFF, Austria's leading gourmet and lifestyle publisher, to support its international expansion. With a current revenue of approximately €41 million and a forecasted growth to €45 million, FALSTAFF aims to establish a presence in at least twelve European countries over the next five years, including Spain and Serbia. The partnership is expected to enhance FALSTAFF's strong market position and growth potential in the food, wine, and travel sectors.
raiffeisen acquires stake in gourmet publishing house falstaff
Raiffeisen-Holding Niederösterreich-Wien is set to acquire a 25.1 percent stake in the gourmet and lifestyle publishing house founded by Wolfgang and Angelika Rosam. The deal is pending approval from competition authorities.
Raiffeisen acquires stake in gourmet magazine Falstaff to expand media portfolio
Raiffeisenlandesbank Niederösterreich-Wien has acquired a 25.1% stake in Falstaff Verlag, enhancing its media portfolio. CEO Michael Höllerer highlighted the investment's focus on cuisine, wine, travel, design, and lifestyle, noting Falstaff's strong market position with 2.5 million readers in the DACH region. The brand is also expanding into Italy and has a presence in Denmark, Sweden, and Slovakia.
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