Accor Services acquires Kadéos and becomes the leader of the gift card and voucher market in France
Paris, March 6, 2007.
Accor Services has acquired Kadéos, the PPR Group’s gift card and voucher business, for 210 million euros.
The acquisition positions Accor Services as the leader of the gift card and voucher market in France. Total issue volume is expected to come to around 2 billion euros in 2007, with sales increasing by 10% to 15% a year in the corporate and works council segment and by 20% to 25% in the retail segment.
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