21 April 2016 – Hospitality and food service industry company Mövenpick invests in Chinese wine wholesaler Cheers by acquiring a strategic stake. Cheers has 30 branch offices in the greater Beijing area and currently generates annual revenues of roughly three million Swiss francs. Mövenpick is a Swiss group of companies with global presence. Its core competency lies in the hospitality business, with a focus on gastronomy, hotels, wine and premium branded products.

Walder Wyss has acted as legal advisor to Mövenpick. The team consisted of Markus Vischer (partner, corporate/M&A) and Simon Kehl (managing associate, corporate/M&A).