|
Consolidated companies |
Head office |
Currency |
Share capital in thousand 31.12.2025 |
Capital share 31.12.2025 |
Capital share 31.12.2024 |
|
Switzerland |
|
|
|
|
|
|
Emmi AG |
Lucerne |
CHF |
53,498 |
100% |
100% |
|
Baumann Käse AG |
Münchenbuchsee |
CHF |
100 |
100% |
100% |
|
caffè Don George Gourmetrösterei AG |
Untervaz |
CHF |
100 |
100% |
100% |
|
Emmi Finanz AG |
Lucerne |
CHF |
100 |
100% |
100% |
|
Emmi International AG |
Lucerne |
CHF |
5,000 |
100% |
100% |
|
Emmi Langnau AG |
Langnau i.E. |
CHF |
3,000 |
100% |
100% |
|
Emmi Management AG |
Lucerne |
CHF |
500 |
100% |
100% |
|
Emmi Schweiz AG |
Lucerne |
CHF |
5,700 |
100% |
100% |
|
Hochstrasser AG Littau |
Lucerne |
CHF |
480 |
100% |
100% |
|
Käserei Studer AG |
Hefenhofen |
CHF |
720 |
100% |
100% |
|
Mediato AG |
Lucerne |
CHF |
100 |
100% |
100% |
|
Mittelland Molkerei AG |
Suhr |
CHF |
20,000 |
100% |
100% |
|
MOPRO Luzern AG |
Lucerne |
CHF |
120 |
100% |
100% |
|
Emmi Dessert International SA in liquidation |
Lugano |
CHF |
250 |
100% |
100% |
|
FDS Fromagerie de Saignelégier SA |
Saignelégier |
CHF |
1,050 |
86% |
86% |
|
Lesa Lataria Engiadinaisa SA |
Bever |
CHF |
2,000 |
80% |
80% |
|
Regio Molkerei beider Basel AG |
Frenkendorf |
CHF |
3,000 |
80% |
80% |
|
Swissexport, Aktiengesellschaft Schweizerischer Käseexporteure |
Berne |
CHF |
100 |
79% |
79% |
|
Fromco S.A. Moudon |
Moudon |
CHF |
2,100 |
60% |
60% |
|
France |
|
|
|
|
|
|
Distribution Frais Disfrais SAS |
Avignon |
EUR |
192 |
100% |
100% |
|
EF Immo 84 SCI |
Nice |
EUR |
270 |
100% |
100% |
|
Emmi France SAS |
Nice |
EUR |
6,000 |
100% |
100% |
|
Ets Schoepfer SAS |
Avignon |
EUR |
1,252 |
100% |
100% |
|
Groupe Mademoiselle Desserts SAS |
Montigny-le-Bretonneux |
EUR |
276,776 |
99% |
99% |
|
Holding Mademoiselle Desserts SAS |
Montigny-le-Bretonneux |
EUR |
249,416 |
99% |
99% |
|
Indulgent Moments SAS |
Montigny-le-Bretonneux |
EUR |
36,699 |
99% |
99% |
|
Mademoiselle Desserts Argenton SAS |
Argenton-sur-Creuse |
EUR |
142 |
99% |
99% |
|
Mademoiselle Desserts Broons SAS |
Broons |
EUR |
1,000 |
99% |
99% |
|
Mademoiselle Desserts France SAS |
Montigny-le-Bretonneux |
EUR |
500 |
99% |
99% |
|
Mademoiselle Desserts Renaison SAS |
Renaison |
EUR |
500 |
99% |
99% |
|
Mademoiselle Desserts Saint Renan SAS |
Saint-Renan |
EUR |
62 |
99% |
99% |
|
Mademoiselle Desserts Tincques SAS |
Tincques |
EUR |
1,619 |
99% |
99% |
|
Mademoiselle Desserts Valade SAS |
Champagnac-de-Belair |
EUR |
542 |
99% |
99% |
|
Mademoiselle Desserts International SAS 1) |
Montigny-le-Bretonneux |
EUR |
– |
– |
99% |
1) Mademoiselle Desserts International SAS was merged into Group Mademoiselle Desserts SAS on 31 December 2025.
|
Consolidated companies |
Head office |
Currency |
Share capital in thousand 31.12.2025 |
Capital share 31.12.2025 |
Capital share 31.12.2024 |
|
Spain |
|
|
|
|
|
|
Admilac Servicios Profesionales, S.L. |
San Sebastian |
EUR |
3 |
73% |
73% |
|
Altamira Alimentaria, S.L. |
Renedo |
EUR |
3 |
73% |
73% |
|
Kaiku Corporación Alimentaria, S.L. |
San Sebastian |
EUR |
82,110 |
73% |
73% |
|
Kaiku Internacional, S.L. |
San Sebastian |
EUR |
77,877 |
73% |
73% |
|
Kaiku Km0, S.L. |
Bilbao |
EUR |
625 |
73% |
73% |
|
Lácteos de Navarra, S.L. |
Pamplona |
EUR |
9,647 |
73% |
73% |
|
Servicios Logisticos Jundiz, S.L. |
Vitoria |
EUR |
102 |
73% |
73% |
|
Soc. Servicios Logísticos SDA Central, S.L. |
Bilbao |
EUR |
3 |
73% |
73% |
|
Tecnología y Calidad Láctea, S.L. |
San Sebastian |
EUR |
3 |
73% |
73% |
|
SDA Catalunya, S.L. |
Barcelona |
EUR |
3 |
53% |
53% |
|
Llet Nostra Alimentaria, S.L. |
Barcelona |
EUR |
2,764 |
33% |
33% |
|
Lecherias de Madrid, S.L. |
Madrid |
EUR |
3 |
29% |
29% |
|
United Kingdom |
|
|
|
|
|
|
Emmi UK Limited |
London |
GBP |
4,717 |
100% |
100% |
|
Cake and Bake Club Limited |
Taunton |
GBP |
0 |
99% |
99% |
|
Case Topco Limited |
Taunton |
GBP |
113 |
99% |
99% |
|
Mademoiselle Desserts Corby Ltd. |
Corby |
GBP |
13,000 |
99% |
99% |
|
Mademoiselle Desserts Taunton Ltd. |
Taunton |
GBP |
5 |
99% |
99% |
|
Mademoiselle Desserts UK Ltd. |
Taunton |
GBP |
0 |
99% |
99% |
|
The Handmade Cake Company Ltd. |
Taunton |
GBP |
399 |
99% |
99% |
|
The English Cheesecake Company Ltd. 2) |
London |
GBP |
0 |
99% |
– |
|
Italy |
|
|
|
|
|
|
Emmi Dessert Italia S.p.A. |
Milan |
EUR |
1,000 |
100% |
100% |
|
Emmi Holding Italia S.r.l. |
Milan |
EUR |
1,714 |
100% |
100% |
|
Emmi Italia S.p.A. |
Milan |
EUR |
500 |
100% |
100% |
|
Pasticceria Quadrifoglio S.r.l. |
Piumazzo |
EUR |
104 |
100% |
100% |
|
Netherlands |
|
|
|
|
|
|
Emmi Bettine B.V. |
Tiel |
EUR |
525 |
100% |
100% |
|
Emmi Finance Netherlands B.V. |
Tiel |
EUR |
0 |
100% |
100% |
|
Goat Milk Powder B.V. |
Etten-Leur |
EUR |
1 |
100% |
100% |
|
Mademoiselle Desserts Weert B.V. |
Weert |
EUR |
20 |
99% |
99% |
|
Germany |
|
|
|
|
|
|
Emmi Deutschland GmbH |
Essen |
EUR |
75 |
100% |
100% |
|
Molkerei Biedermann GmbH in liquidation 9) |
Constance |
EUR |
25 |
100% |
100% |
|
Austria |
|
|
|
|
|
|
Emmi Österreich GmbH |
Nüziders |
EUR |
2,800 |
100% |
100% |
|
Leeb Biomilch GmbH |
Wartberg |
EUR |
106 |
100% |
100% |
|
Belgium |
|
|
|
|
|
|
B.R. Holding B.V. |
Waregem |
EUR |
6,628 |
99% |
99% |
|
Mademoiselle Desserts Waregem NV |
Waregem |
EUR |
500 |
99% |
99% |
|
Tunisia |
|
|
|
|
|
|
Centrale Laitière de Mahdia, S.A. |
Mahdia |
TND |
43,300 |
47% |
47% |
|
Société tunisienne d’engraissement des veaux S.A.R.L. in liquidation |
Mahdia |
TND |
140 |
47% |
47% |
2) The English Cheesecake Company Ltd. was acquired on 25 November 2025.
|
Consolidated companies |
Head office |
Currency |
Share capital in thousand 31.12.2025 |
Capital share 31.12.2025 |
Capital share 31.12.2024 |
|
United States |
|
|
|
|
|
|
Cypress Grove Chèvre, Inc. |
Arcata |
USD |
202 |
100% |
100% |
|
Emmental Cheese Corp. |
Orangeburg |
USD |
6 |
100% |
100% |
|
Emmi Dessert Intermediate Holdings (USA) LLC |
New York |
USD |
0 |
100% |
100% |
|
Emmi Dessert Participations (USA) Corp. |
Delaware |
USD |
0 |
100% |
100% |
|
Emmi Holding (USA), Inc. |
Stoughton |
USD |
1 |
100% |
100% |
|
Emmi Resume LLC |
Delaware |
USD |
0 |
100% |
100% |
|
Emmi Roth USA, Inc. |
Monroe |
USD |
2 |
100% |
100% |
|
Emmi USA Inc. |
Orangeburg |
USD |
800 |
100% |
100% |
|
Jackson-Mitchell, Inc. |
Turlock |
USD |
27 |
100% |
100% |
|
Redwood Hill Farm & Creamery, Inc. |
Sebastopol |
USD |
835 |
100% |
100% |
|
Tomales Bay Foods, Inc. |
Petaluma |
USD |
895 |
100% |
100% |
|
Zingg + Co. Inc. |
Orangeburg |
USD |
1 |
100% |
100% |
|
Bello LLC 3) |
Delaware |
USD |
0 |
100% |
88% |
|
Classe Foods LLC 3) |
Delaware |
USD |
0 |
100% |
88% |
|
Emmi Dessert USA LLC 3) |
Delaware |
USD |
0 |
100% |
88% |
|
Luce Foods LLC 3) |
New Jersey |
USD |
0 |
100% |
88% |
|
Luna Foods LLC 3) |
Delaware |
USD |
0 |
100% |
88% |
|
Vivi Foods LLC 3) |
New York |
USD |
0 |
100% |
88% |
|
Mademoiselle Desserts USA LLC |
Miami |
USD |
0 |
99% |
99% |
|
Switzerland Cheese Marketing (USA) Inc. |
Orangeburg |
USD |
1 |
79% |
79% |
|
Emmi Equator RTD Coffee LLC |
Delaware |
USD |
0 |
70% |
70% |
|
Mexico |
|
|
|
|
|
|
Alimentos Finos del Sureste, S.A. de C.V. |
Cancun, Qroo |
MXN |
100 |
51% |
51% |
|
Comalca 2000, S.A. de C.V. |
Cancun, Qroo |
MXN |
14,960 |
51% |
51% |
|
Comalca Gourmet, S.A. de C.V. |
Cancun, Qroo |
MXN |
12,623 |
51% |
51% |
|
Distribuidora Mexideli, S.A. de C.V. |
Mexico City |
MXN |
100 |
51% |
51% |
|
Mexideli 2000 Holding S.A. de C.V. |
Mexico City |
MXN |
101,759 |
51% |
51% |
|
Mexideli, S.A. de C.V. |
Mexico City |
MXN |
68,350 |
51% |
51% |
|
Tecnologias Narcisco, S.A. de C.V. |
Mexico City |
MXN |
60 |
51% |
51% |
|
Distribuidora Internacional de Lacteos, S.A. de C.V. |
Mexico City |
MXN |
50 |
38% |
38% |
|
Chile |
|
|
|
|
|
|
Eurolac Chile S.p.A. |
Santiago |
CLP |
47,040,582 |
73% |
73% |
|
Surlat Corporación S.p.A. |
Santiago |
CLP |
47,008,983 |
73% |
73% |
|
Chevrita S.p.A. |
Santiago |
CLP |
676,077 |
38% |
38% |
|
Distribuidora de Alimentos Chile S.p.A. |
Santiago |
CLP |
798,271 |
38% |
38% |
|
Quillayes Peteroa S.p.A. |
Santiago |
CLP |
12,222,584 |
38% |
38% |
|
Quillayes Surlat S.p.A. |
Santiago |
CLP |
54,392,884 |
38% |
38% |
|
Quillayes Surlat Comercial S.p.A. |
Santiago |
CLP |
7,934,483 |
38% |
38% |
|
Surlat Industrial S.p.A. |
Pitrufquen |
CLP |
31,310,389 |
38% |
38% |
|
Brazil |
|
|
|
|
|
|
Emmi do Brasil Holding Ltda. |
Sao Paulo |
BRL |
891,000 |
100% |
100% |
|
Laticínios Porto Alegre Indústria e Comércio S.A. |
Ponte Nova |
BRL |
563,312 |
70% |
70% |
|
Laticínios Verde Campo S.A. |
Lavras |
BRL |
484,082 |
49% |
49% |
|
Canada |
|
|
|
|
|
|
Emmi Canada Inc. |
Saint-Hubert |
CAD |
15,150 |
100% |
100% |
|
9314–8591 Québec Inc. |
Saint-Hubert |
CAD |
3,137 |
100% |
100% |
|
Switzerland Cheese Marketing Inc. |
Saint-Hubert |
CAD |
1 |
79% |
79% |
3) On 28 February 2025, Emmi Holding (USA), Inc., in which Emmi holds a 100% stake, increased its holding in Emmi Dessert USA LLC from 88% to 100%. This also increased Emmi's share of Bello LLC, Classe Foods LLC, Luce Foods LLC, Luna Foods LLC and Vivi Foods LLC, which are wholly owned by Emmi Dessert USA LLC.
For the subsidiaries of Kaiku Corporación Alimentaria, S.L. and the subsidiaries of Mexideli 2000 Holding S.A. de C.V., the controlled voting rights differ from the stated capital share, as Emmi, through the control of the parent companies, also controls their subsidiaries.
|
Associates and joint ventures |
Head office |
Currency |
Share capital in thousand 31.12.2025 |
Capital share 31.12.2025 |
Capital share 31.12.2024 |
|
Switzerland |
|
|
|
|
|
|
Cetra Holding SA |
Mezzovico-Vira |
CHF |
250 |
34% |
34% |
|
BO Butter GmbH |
Berne |
CHF |
500 |
33% |
33% |
|
Floralp Butter GmbH |
Berne |
CHF |
125 |
33% |
33% |
|
FDC Fromagerie de Courgenay SA |
Courgenay |
CHF |
990 |
25% |
25% |
|
Thurgauische Käse-Reifungs AG |
Weinfelden |
CHF |
2,000 |
25% |
25% |
|
Sbrinz Käse GmbH |
Sursee |
CHF |
180 |
24% |
24% |
|
Switzerland Cheese Marketing AG |
Berne |
CHF |
290 |
23% |
23% |
|
Spain |
|
|
|
|
|
|
Batiovo I.A.E. |
Madrid |
EUR |
12 |
37% |
37% |
|
Serkolat Bide, S.L. |
San Sebastian |
EUR |
8 |
37% |
37% |
|
NaturAll BBVV-2018, S.L. |
Corella |
EUR |
2,617 |
18% |
18% |
|
Germany |
|
|
|
|
|
|
Carl Fr. Scheer GmbH + Co. KG |
Willstätt |
EUR |
500 |
25% |
25% |
|
Scheer Verwaltungs u. Beteiligungs GmbH |
Willstätt |
EUR |
26 |
25% |
25% |
|
United States |
|
|
|
|
|
|
Emmi Meister LLC |
Fitchburg |
USD |
2 |
50% |
50% |
|
Kindred Creamery LLC |
Fitchburg |
USD |
1 |
30% |
30% |
|
Italy |
|
|
|
|
|
|
Sepa S.r.l. |
Pieve Porto Morone |
EUR |
100 |
40% |
40% |