Archive – Banking & Fintech

Tough times ahead for SAirGroup’s Moritz Suter

This content was published on Jan 24, 2001 Suter, aged 57 and born in Basel, is to head the SAirDivision, which includes Swissair, Crossair, Sabena, as well as a string of stakes in other European airlines. It is no secret that, in the past, Suter has had his enemies at Swissair, particularly when he was building Crossair into a successful regional airline. It…

SAirGroup finds little support among Swiss commentators

This content was published on Jan 24, 2001 The Swiss papers took a dim view of the situation at SAirGroup on Wednesday, with headlines like: “Bruggisser given the boot”, “Swissair – a pilot please”, “Failure of a strategy”, “Dream or Nightmare” and “In a dead-end street”. Bruggisser stepped down on Tuesday amid speculation that the group was calling a halt to its so…

Nestlé seals joint venture in Japan

This content was published on Jan 24, 2001 As of February 1, both companies will own a half share of the new business, Nestlé Snow. The new firm will supply the market with four types of products – yoghurts, beverages, desserts and dairy-based drinks – as well as handling marketing. Snow Brand will look after production and sales for the new company. Nestlé…

France requests Swiss judicial help in Erika oil spill case

This content was published on Jan 23, 2001 Judge Dominique de Talancé is currently trying to determine the real proprietor of the tanker Erika, which sank in bad weather off the coast of Brittany, setting off a major ecological disaster. The tanker was transporting oil for France’s TotalFina. According to the French newspaper Le Parisien, judge Talancé suspects the CEO of Amarship, canton…

WWF calls for moratorium on gene technology in Swiss agriculture

This content was published on Jan 23, 2001 Speaking in Bern on Tuesday, Bernadette Oehen of the WWF said a moratorium was in the interests of the environment, the public and agriculture. The call came as a Swiss parliamentary committee recommended stringent controls on such crops, but rejected a total ban. So far Swiss farmers and retailers have steered clear of GMOs, and…

Switzerland goes to Las Vegas

This content was published on Jan 23, 2001 Some 20,000 experts and professionals from across the media industry have converged on the neon city to take part in the four-day conference. The fair, which started on January 22, has been organised by the National Association of Television Program Executives (NATPE). The California-based organisation provides information and hosts events dealing with the convergence of…

Switzerland bans Austrian pork imports

This content was published on Jan 23, 2001 The Federal Veterinary Office said on Tuesday it had asked for written confirmation that Austrian-raised pork did not contain illegal substances. A spokesman said the ban would stay in place until such confirmation was provided. The Austrian authorities have closed down 15 pig- breeding farms over the past week amid suspicions that their owners had…

Bruggisser departure means end to SAirGroup expansion strategy

This content was published on Jan 23, 2001 The company, which controls the national flag carrier Swissair, has been trying to improve its market position in recent years with a series of alliances with other airlines, and by acquiring stakes in loss-making carriers such as Belgium’s Sabena. Bruggisser, who stepped down on Tuesday, has been criticised for his policy of buying stakes in…

Bruggisser bids goodbye to 22-year career at SAirGroup

This content was published on Jan 23, 2001 Since last year, Bruggisser had been working not only as chief executive of SAirGroup but also as acting boss of Swissair, following the departure of Jeffrey Katz. Katz resigned as head of Swissair last year after reports of strategic disputes with Bruggisser. Philippe Bruggisser took over as SairGroup chief executive in 1997. He quickly embarked…

Lonza changes focus amid strong growth

This content was published on Jan 23, 2001 In a statement on Tuesday, Lonza said it aimed to sell off its polymers and energy businesses by the end of the year for a price of SFr1 billion. “The group has completed assessment of its strategic options and concluded that the future lies in the higher value added life sciences sector,” the statement said.…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Tough times ahead for SAirGroup’s Moritz Suter

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SAirGroup finds little support among Swiss commentators

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Nestlé seals joint venture in Japan

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France requests Swiss judicial help in Erika oil spill case

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WWF calls for moratorium on gene technology in Swiss agriculture

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Switzerland goes to Las Vegas

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Switzerland bans Austrian pork imports

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Bruggisser departure means end to SAirGroup expansion strategy

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Bruggisser bids goodbye to 22-year career at SAirGroup

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Lonza changes focus amid strong growth

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