{"id":1170,"date":"2026-09-24T18:45:10","date_gmt":"2026-09-24T18:45:10","guid":{"rendered":"https:\/\/baarda.ch\/?p=1170"},"modified":"2026-09-24T18:45:10","modified_gmt":"2026-09-24T18:45:10","slug":"small-thing-about-lindt-spruengli","status":"publish","type":"post","link":"https:\/\/baarda.ch\/?p=1170","title":{"rendered":"Small thing about Lindt &amp; Spr\u00fcngli"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/baarda.ch\/wp-content\/uploads\/2026\/09\/afbeelding-115.png\" alt=\"\" class=\"wp-image-1171\" srcset=\"https:\/\/baarda.ch\/wp-content\/uploads\/2026\/09\/afbeelding-115.png 1024w, https:\/\/baarda.ch\/wp-content\/uploads\/2026\/09\/afbeelding-115-300x164.png 300w, https:\/\/baarda.ch\/wp-content\/uploads\/2026\/09\/afbeelding-115-768x419.png 768w, https:\/\/baarda.ch\/wp-content\/uploads\/2026\/09\/afbeelding-115-500x273.png 500w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Gemini: A prime example of a publicly traded Swiss company that is predominantly owned by domestic Swiss private investors\u2014without state or cantonal ownership\u2014is <strong>Lindt &amp; Spr\u00fcngli AG<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The premium chocolatier operates with a distinct governance structure designed specifically to maintain independent domestic ownership:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Shareholder Base:<\/strong> Unlike major blue-chip stocks like Nestl\u00e9, Roche, or Novartis\u2014which have heavy foreign institutional ownership (often exceeding 50% from US\/UK funds)\u2014Lindt is primarily held by <strong>Swiss private investors, local family offices, and domestic retail shareholders<\/strong>.<\/li>\n\n\n\n<li><strong>Protective Ownership Structure:<\/strong>\n<ul class=\"wp-block-list\">\n<li>The company issues two share classes: high-value registered shares (<em>Registered Shares<\/em>) and participation certificates (<em>Partizipationsscheine<\/em>).<\/li>\n\n\n\n<li>Voting rights are concentrated in the registered shares, where voting caps prevent foreign institutional funds or hostile entities from acquiring voting control.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Cultural Loyalty:<\/strong> Lindt is famously known in Switzerland for its physical General Assembly (AGM) in Zurich, where attendance by thousands of Swiss individual shareholders is a landmark annual tradition.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Other Notable Swiss Companies (Privately Held or Family-Controlled)<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If looking beyond publicly listed equities to traditional companies owned by Swiss individuals\/families rather than institutional or government funds:<\/p>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\">\n<li><strong>Confiserie Spr\u00fcngli AG:<\/strong> Completely independent from Lindt, this iconic Swiss luxury confectionery business remains privately held by the Spr\u00fcngli family.<\/li>\n\n\n\n<li><strong>Victorinox (Swiss Army Knife):<\/strong> Headquartered in Ibach (SZ), Victorinox is entirely controlled by the <strong>Elsener family<\/strong> through a company foundation (90%) and a charitable foundation (10%). This structure explicitly prevents outside institutional or government buyouts while ensuring the firm stays strictly Swiss-owned.<\/li>\n\n\n\n<li><strong>MIGROS &amp; Coop:<\/strong> Both of these retail giants are organized as <strong>Swiss cooperatives<\/strong> owned directly by millions of individual Swiss member-citizens rather than public shareholders or cantonal\/federal entities.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Gemini: A prime example of a publicly traded Swiss company that is predominantly owned by domestic Swiss private investors\u2014without state or cantonal ownership\u2014is Lindt &amp; Spr\u00fcngli AG. The premium chocolatier operates with a distinct governance structure designed specifically to maintain &hellip; <a href=\"https:\/\/baarda.ch\/?p=1170\">Weiterlesen <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1170","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/baarda.ch\/index.php?rest_route=\/wp\/v2\/posts\/1170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/baarda.ch\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/baarda.ch\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/baarda.ch\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/baarda.ch\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1170"}],"version-history":[{"count":1,"href":"https:\/\/baarda.ch\/index.php?rest_route=\/wp\/v2\/posts\/1170\/revisions"}],"predecessor-version":[{"id":1172,"href":"https:\/\/baarda.ch\/index.php?rest_route=\/wp\/v2\/posts\/1170\/revisions\/1172"}],"wp:attachment":[{"href":"https:\/\/baarda.ch\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/baarda.ch\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/baarda.ch\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}