Internal: Archive

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…

South Africa to buy Swissair stake in national airline

This content was published on Nov 21, 2001 South Africa’s minister for public works, Jeff Radebe, said the purchase would be carried out through the public transport company, Transnet. South African Airways sold one fifth of its shares to Swissair in 1999 for $200 million (SFr350 million) in a government move to privatise the airline. Swissair was placed in receivership last month. If…

Novartis goes generic in Brazil

This content was published on Nov 21, 2001 Novartis hopes its sales will reach $100 million (SFr166 million) by 2004. Its aim is to protect its own market share in a country with 170 million potential consumers. The generic market is still in its infancy in Brazil, and sales of this type of pharmaceutical were authorized just two years ago. Major drug companies…

Flagging Swiss tourism industry gets a boost

This content was published on Nov 21, 2001 Switzerland Tourism is set to receive the boost to its 2002 budget in order to avoid short-term losses after the Swissair crisis deprived the country’s main tourism marketing body of a valuable partner. Swissair and Switzerland Tourism have worked jointly to attract visitors from overseas. Over the last four years, they collaborated to promote Switzerland…

Barnevik steps down as ABB chairman

This content was published on Nov 21, 2001 Announcing his departure on Wednesday, Barnevik said the company’s poor share performance had prompted him to leave. ABB said on Wednesday that Juergen Dormann, a board member who is also chairman of the management board at pharmaceuticals group Aventis, would succeed Barnevik. Dormann will prepare other board nominations for the March shareholders meeting. In a…

EU slaps record fine on Roche for price fixing

This content was published on Nov 21, 2001 The European Commission announced a record fine of €855 million for eight price fixing cartels in vitamin products. The two largest fines were the €462 million for Switzerland’s Roche and €296 million for German drug giant BASF for fixing the price of vitamins, costing European consumers billions of euros. Roche said the fine was covered…

Internal: Archive

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Internal: Archive

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No chemistry between Clariant and Rhodia?

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Percolating in Lausanne: Starbucks makes a move

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Disetronic forecasts increasing sales and profit growth in second half

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Talks resume on tobacco control treaty

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Top chef reveals ingredients for success

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South Africa to buy Swissair stake in national airline

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Novartis goes generic in Brazil

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Flagging Swiss tourism industry gets a boost

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Barnevik steps down as ABB chairman

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EU slaps record fine on Roche for price fixing

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