Airline caterer Gategroup serves up loss
Gategroup slid to a full-year loss in 2015 as the airline caterer was hit by the strong Swiss franc and restructuring charges, amid pressure from large shareholders to swap out board members with new directors. Zurich-based Gategroup posted a loss attributable to shareholders of CHF63.4m Swiss francs (US$63.55m), compared with a 2014 profit of CHF40.8m francs, the company said.<br/>
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Airline caterer Gategroup serves up loss
Gategroup slid to a full-year loss in 2015 as the airline caterer was hit by the strong Swiss franc and restructuring charges, amid pressure from large shareholders to swap out board members with new directors. Zurich-based Gategroup posted a loss attributable to shareholders of CHF63.4m Swiss francs (US$63.55m), compared with a 2014 profit of CHF40.8m francs, the company said.<br/>
