TX Markets' activities consolidated in a dedicated umbrella company

2020 saw the establishment of the TX Group's new decentralised organisation comprising four largely independent companies. In keeping with this step, and to continue the development of an independent identity, TX Markets AG was established in January 2021. The corporate website – www.tx.markets – was launched simultaneously to communicate topics and issues relating to the company, and to project its own vision.

Zurich, 13 January 2021 – TX Markets AG has a unique marketplace ecosystem; it numbers among Switzerland's largest digital companies and pursues a consistent growth strategy with its marketplaces. "We intend to expand the leading positions of our individual brands and – above and beyond that – we aim to invest in more digital enterprises that will either strengthen our existing marketplaces or add innovative digital business models to the portfolio," according to Olivier Rihs, CEO of TX Markets AG. "Establishing a dedicated umbrella company with TX Markets AG gives us more flexibility to implement this strategy, and it will simplify future partnerships." At the same time, the company will step up internal collaboration across multiple platforms in order to foster the exchange of know-how and best practices.

 

Key issues for TX Markets AG such as technology, innovation, strategy and the company's own vision will become more visible thanks to tx.markets, the new corporate website; on the TX Markets blog, in-house experts will report on the projects and assignments they undertake and the knowledge they gain.

 

The Board of Directors of TX Markets AG comprises Pietro Supino (Chairman and Publisher of the TX Group) as Chairman, Andreas Schulthess (Member of the Board of Directors of the TX Group), Christoph Tonini (Member of the Board of Directors of the TX Group), Samuel Hügli (Head of Technology & Ventures of the TX Group), Sandro Macciacchini (Head of Finance and HR of the TX Group), Terje Seljeseth (former CEO of Schibsted Classified Media) and Nick McKittrick (co-founder and former CEO of Rightmove and former CEO of Homegate). 

 

TX Markets AG includes the Ricardo, Homegate and tutti.ch marketplaces as well as JobCloud, the recruitment and jobs portal which is a joint venture with Ringier, and CAR FOR YOU, the vehicle platform operated as a joint venture with AXA. Dedicated advisory boards provide the individual platforms with support on strategic issues.