Banking & Fintech

Coop buys into Betty Bossi

This content was published on Nov 23, 2001 As part of the deal, Betty Bossi will remain an independent company. Its managing director, Walter Lüthi, will remain and it will keep a staff of 70. In a statement, Coop said its outlets would reinforce rather than weaken the Betty Bossi brand name. It said it hope to benefit from the company’s expertise in…

Betting on the boffins

This content was published on Nov 23, 2001 Spinning-off advanced research into start-ups is seen as the new route to well-paid jobs and new economic clusters for future growth. As government and private industry commit more resources to support spin-off activity, venture capital money is flowing to university research teams, especially those in the fields of life sciences, photonics, materials science, and biotechnology.…

Swatch bucks trend with strong sales growth

This content was published on Nov 23, 2001 The firm’s chief, Nicolas Hayek, told Cash magazine that although the September 11 attacks had hit sales in the United States, markets in Europe and Asia had strengthened. “US sales fell around 9 per cent in September and October. But we were able to compensate for this in other countries and so overall sales are…

ABB chairman begins to unveil new strategy

This content was published on Nov 23, 2001 “We must focus on the future direction of the various units within the company,” said Jürgen Dormann in an interview with the Swedish financial newspaper “Dagens Industri”. “Today’s synergies between many areas are not enough.” Dormann was appointed chairman on Wednesday after the surprise resignation of Percy Barnevik, the man who created Europe’s largest electrical…

Swissair employees fight for redundancy pay

This content was published on Nov 23, 2001 The payouts came as the country’s banks, the government and investors in Swissair’s successor say there is no money for redundancy packages for the company’s employees in Switzerland. The State Secretariat for the Economy (Seco) confirmed on Thursday that the government had been financing foreign redundancy payments. A spokesman said the company would have faced…

No chemistry between Clariant and Rhodia?

This content was published on Nov 22, 2001 A Rhodia spokesman said the two companies had come to the conclusion that a merger would not be beneficial to either party. He added that the discussions had started in the summer and were broken off last week. The Clariant specialty chemicals company of Basel declined comment. According to the French daily newspaper “Le Figaro”,…

Percolating in Lausanne: Starbucks makes a move

This content was published on Nov 22, 2001 Starbucks, based in Seattle, said it would relocate two executives to Lausanne next spring and hire a small number of local employees to coordinate coffee buying. The company said that inventory management, quality control and other coffee-related issues would remain in Seattle. Committed to coffee A Starbucks spokeswoman said the move fits the company’s global…

Disetronic forecasts increasing sales and profit growth in second half

This content was published on Nov 22, 2001 Sales revenues for the first six months of the company’s business year (April to September) reached SFr167.7 million ($110.7 million), 15.6 per cent higher than the comparable period in the previous financial year. However, the medical technology group reported on Thursday that net profit rose by only 2.6 per cent to SFr21.4 million. In a…

Talks resume on tobacco control treaty

This content was published on Nov 22, 2001 A third round of negotiations on the World Health Organisation (WHO) Framework Convention on Tobacco Control (FCTC) gets under way this week in Geneva. Three of the world’s biggest tobacco companies – British American Tobacco, Philip Morris and Japan Tobacco – recently announced a “new initiative”, committing themselves not to direct their marketing activities at…

Top chef reveals ingredients for success

This content was published on Nov 22, 2001 The Domaine de Châteauvieux, an old stone mansion in the tiny village of Peney-Dessus, is not easy to find. But it’s well worth seeking out because this is where one of Switzerland’s finest chefs, Philippe Chevrier, plies his trade. Forget rösti and fondue. This is Swiss cuisine at its most sophisticated. Even the most knowledgeable…

Banking & Fintech

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Banking & Fintech

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Coop buys into Betty Bossi

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Betting on the boffins

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Swatch bucks trend with strong sales growth

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ABB chairman begins to unveil new strategy

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Swissair employees fight for redundancy pay

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No chemistry between Clariant and Rhodia?

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Percolating in Lausanne: Starbucks makes a move

More

Disetronic forecasts increasing sales and profit growth in second half

More

Talks resume on tobacco control treaty

More

Top chef reveals ingredients for success

Popular Stories

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