Top of the week: Scholz & Friends swallows Basel agency Favo
The European agency network Scholz & Friends is expanding its presence in the Swiss market. It is acquiring the Basel-based agency Favo, thereby establishing a second Swiss office in addition to its Zurich location.
The European agency network Scholz & Friends is expanding its presence on the Swiss market. It is taking over the Basel agency Favo, thereby establishing a second Swiss location in addition to Zurich.
Favo will continue to be led by Managing Director Hinrik Wachsmuth, who took over the management in spring 2008 after the main shareholder Alice Stümcke moved to the industry. Alice Stümcke will join the Board of Directors of the Scholz & Friends Group in Switzerland. The current members Yvonne Hodel and Dr. Andreas Ritter will remain on the Board of Directors.
"With Favo, one of Basel's leading agencies will become a key element of the Scholz & Friends Group in Switzerland," said Erich Baumgartner, CEO of Scholz & Friends Switzerland, in the press release.
Customers include UBS, Nike, Kimberly-Clark, Hotelplan, Globus Reisen, Johnson & Johnson and FC Basel.
Favo will continue to be led by Managing Director Hinrik Wachsmuth, who took over the management in spring 2008 after the main shareholder Alice Stümcke moved to the industry. Alice Stümcke will join the Board of Directors of the Scholz & Friends Group in Switzerland. The current members Yvonne Hodel and Dr. Andreas Ritter will remain on the Board of Directors.
"With Favo, one of Basel's leading agencies will become a key element of the Scholz & Friends Group in Switzerland," said Erich Baumgartner, CEO of Scholz & Friends Switzerland, in the press release.
Customers include UBS, Nike, Kimberly-Clark, Hotelplan, Globus Reisen, Johnson & Johnson and FC Basel.
