Jelmoli Group Overview
Pro stress-test →Jelmoli was a Swiss department store founded in 1833 by Johann Peter Jelmoli in Zürich, and was the oldest and largest of its kind in Switzerland. The store was closed by the end of February 2025, marking the end of its 192-year retail history. The Jelmoli Group now operates as a real estate transformation platform under parent company Swiss Prime Site (SPS).
Strategic Profile
Pro stress-test →The iconic building in Zurich city centre is currently being redeveloped and will offer around 34,000m2 of space for retail, offices, gastronomy and leisure. Manor will move into the glass palace in 2027 and use 13,000 square metres of space on three floors, repositioning Jelmoli as a mixed-use urban destination rather than a traditional department store operator.
Competitive Landscape
Pro stress-test →Manor had given up its previous location on Bahnhofstrasse after years of legal disputes due to a sharp rise in rent, and is now anchoring the redeveloped Jelmoli space. Direct competitors in Swiss premium retail include Globus and historic department stores. The redevelopment positions Jelmoli against mixed-use shopping centers rather than traditional department stores.
Industry Context
Jelmoli Group operates in Retail / Real Estate Development.
Key facts
Founded: 1833 · Headquarters: Zurich, Switzerland · Employees: ~623 (pre-closure; now primarily real estate operations) · Revenue: Historical: CHF 153M (2017 operating income) · Market cap: N/A