Amcor is buying Evansville-based Berry Global Group in an $8.4 billion, all-stock transaction. According to a report in the British website packagingnews.co.uk, “The deal will bring together two complementary businesses to create a global leader in consumer packaging solutions, with a broader flexible film and converted film offering for customers, a scaled containers and closures...
Tag: Company News
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Made in Switzerland Laws Reap $1.6 Billion a Year Business Boon
(Bloomberg) — Laws prescribing that only products made in Switzerland can be marketed using Swiss images bring some 1.4 billion francs ($1.6 billion) per year to the country’s companies, a government-sponsored study found. The so-called “Swissness Act” was introduced in 2017 and stipulates certain thresholds to allow the use of the iconic Swiss cross or...
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Switzerland Won’t Implement the EU’s Russia Sanctions on Subsidiaries
(Bloomberg) — Switzerland has decided not to fully implement the latest package of European Union sanctions against Russia, saying Swiss law already allows measures to prosecute subsidiaries of companies based in the country. “With the 14th sanctions package, the EU has introduced a general obligation for businesses to ensure that their subsidiaries in third countries...
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UK Resumes Trade Talks With Switzerland in ‘Global Britain’ Push
(Bloomberg) — British and Swiss trade negotiators will resume trade talks on Monday as they seek to broker deeper access to each other’s financial services markets as well as agreements on data sharing and worker visas. The meeting in London — the fifth round of talks between the two nations aimed at enhancing their existing...
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Private Equity Billionaires Seek to Torpedo Swiss-EU Talks
(Bloomberg) — Switzerland’s efforts to forge a new deal to govern relations with the European Union have run into substantial new opposition, in the form of the three billionaire founders of Partners Group Holding AG. Alfred Gantner, Marcel Erni and Urs Wietlisbach, Goldman Sachs Group Inc. alumni who’ve built one of Europe’s most valuable private...
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Melting Alps Glacier Means Switzerland and Italy’s Border Has to Move
(Bloomberg) — Switzerland and Italy tweaked their mountain border under the Matterhorn peak as climate change in the Alps is melting the glaciers that have historically marked the frontier between the two countries. “Significant sections of the border are defined by the watershed or the ridge lines of glaciers, firn or perpetual snow,” the Swiss...
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Interactive Strength Inc. (Nasdaq: TRNR) Secures Exclusive Distribution for CLMBR in Switzerland and Austria and Receives Initial Order | TRNR Stock News
Interactive Strength Inc. (Nasdaq: TRNR) has secured exclusive distribution for CLMBR in Switzerland and Austria, with an initial order from Domitner GmbH expected to ship in Q3 2024. This follows the German distribution announced in July, strengthening TRNR’s presence in central Europe. The company anticipates securing additional European distributors in...
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Switzerland Is Getting Squeezed Between China and the US
(Bloomberg) — Back in 2013, several dozen Swiss business representatives traveled to Beijing to attend the signing of a free-trade agreement between Switzerland and China, toasting the success with champagne. Implemented the following year, the FTA was hailed in a PricewaterhouseCoopers LLP report at the time as a landmark accord that “recasts the international trade...
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Hong Kong Tycoon Adrian Cheng to List His Venture Fund in Switzerland
(Bloomberg) — Hong Kong property tycoon Adrian Cheng is listing his venture fund C Capital on the Swiss Stock Exchange through a merger. The company will merge with Swiss-listed investment firm Youngtimers AG and the entity will be renamed C Capital AG upon approval and completion of the transaction, according to a statement Monday. After...