Banking & Fintech Archives - Page 1608 of 1641

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US businessman buys Swiss luxury watch maker Corum

This content was published on Jan 7, 2000 A United States businessman, Severin Wundermann, is taking over the Swiss luxury watch brand Corum, which is based in the western town of La Chaux-de-Fonds. Wundermann, who for the last 25 years has been at the head of Gucci Timepieces, has bought 90 per cent of the company in his own name for an undisclosed…

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Unemployment falls to seven-year low

This content was published on Jan 7, 2000 The number of people unemployed in Switzerland has reached its lowest level for seven years. The number of those out of work averaged 2.7 per cent or 98,600 people in 1999. The figure compares favourably to the previous year, when around 3.9 per cent of the population was registered as unemployed. The number of those…

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Denner chief Schweri hands over control of daily business

This content was published on Jan 7, 2000 The founder and often controversial boss of Denner, one of Switzerland’s main discount retail chains, has effectively resigned his operational taks. Karl Schweri, 82, will remain president of the board but will hand over day-to-day operational decisions to a team of three managers. The group is to be headed by Philippe Gaydoul, a grandson of…

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Leuenberger makes key policy announcement

This content was published on Jan 7, 2000 The Minister for Transport, Energy and Communication, Moritz Leuenberger, has set out his policies until 2003. A 33-page document produced by the Ministry says that the central plank of his programme is the principle of sustainable development. Defining this, the document says that development is only sustainable if it meets current needs without harming the…

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Saas Fee in pilot project to help travellers

This content was published on Jan 6, 2000 The scenic resort of Saas Fee is taking part in a ground-breaking project in Switzerland aimed at reducing the amount of visitors using their own cars to get there. The project will save a many a traveller’s muscles as well. Under a pilot project, travellers arriving by bus or train in Saas Fee, canton Valais,…

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Boom predicted for Swiss online book trade

This content was published on Jan 6, 2000 Switzerland has seen a major boom in online book shopping in the past months, and experts predict a veritable explosion of the market as up to 30 per cent of all books will likely be bought via the Internet by 2003. From a technological point of view, the preconditions for a market explosion are set…

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Globus reports sales of over SFr2 billion for first time

This content was published on Jan 6, 2000 The Swiss retail chain, Globus, says its profit for 1999 nearly doubled from the SFr14.5 million ($9.35 million) reported in 1998. Sales exceeded the SFr2 billion ($1.3 billion) mark for the first time. No exact figure was released. But the company says increased customer confidence, especially leading up to the Christmas period, saw sales breach…

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Globus reports sales of over SFr2 billion for first time

This content was published on Jan 6, 2000 The Swiss retail chain, Globus, says its profit for 1999 nearly doubled from the SFr14.5 million ($9.35 million) reported in 1998. Sales exceeded the SFr2 billion ($1.3 billion) mark for the first time. No exact figure was released. But the company says increased customer confidence, especially leading up to the Christmas period, saw sales breach…

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Timber sector demands steps after Lothar devastation

This content was published on Jan 5, 2000 The Swiss timber industry has called for emergency measures to be implemented to keep it on an even keel, after Hurricane Lothar devastated the country’s forests. The Timber Trade Commission also wants to see a nationwide ban on logging imposed. Tree-felling has already been stopped in canton Basel-country. The commission, which is concerned that a…

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Inquiry launched into $40 million fraud

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US businessman buys Swiss luxury watch maker Corum

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Unemployment falls to seven-year low

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Denner chief Schweri hands over control of daily business

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Leuenberger makes key policy announcement

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Saas Fee in pilot project to help travellers

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Boom predicted for Swiss online book trade

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Globus reports sales of over SFr2 billion for first time

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Globus reports sales of over SFr2 billion for first time

More

Timber sector demands steps after Lothar devastation

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