Market Watch – F&B in Switzerland
Switzerland is famous for many things – watches, chocolate and fine cheeses. With the fourth highest nominal GDP per capita, it is not a surprise that Swiss residents are choosing to spend their hard earned disposable income on the finer things in life.
Wining and dining – Switzerland has the highest F&B expenditure per capita. The market amounted to CHF 70 billion in 2013. If these figures aren’t convincing, one need only walk through the streets of Eaux-Vives in Geneva, where you will surely see crowded bars and packed restaurants.
Anyone who has been to the Swiss capital will also certainly remark on the prices, which tourists may surely perceive as exorbitant. The costs of hotels and restaurants in Geneva are well above the European average, making it an attractive investment for any sharp minded investors.
Two such prospective investors are Alexis and Patrice Bailo de Spoelberch. The brothers, resident in Verbier, have set their sights on numerous investments that target the Swiss F&B market. The Bailo de Spoelberch’s are amongst many families diversifying their interests into the trendy casual dining scene.
With Swiss private equity on the rise, we are likely to expect many more investments in this sector.