The Lorange Institute of Zurich’s (LIBZ) business school operations have been bought by a non-profit organisation registered in Switzerland called Friends of CEIBS Foundation (FCF). The Jinsheng Group, which is headed by a CEIBS alumnus, acquired the property that houses the LIBZ along Lake Zurich and in Horgen, also in the canton of Zurich, and will rent them to the business school at favourable rates.
CEIBS is a non-profit institute established in 1994. Its predecessor, the China-EC Management Institute (CEMI), was launched in Beijing in 1984 and offered mainland China’s first MBA programme. In addition to a full-time MBA and an executive MBA, CEIBS offers a wide range of executive education programmes.