An interview with Zubin Karkaria, founder of VFS Global and CEO of Kuoni. : Zubin Karkaria, chief executive officer of Kuoni Reisen Holding AG, poses for a photograph following the company's extraordinary general meeting in Zurich, Switzerland, on Monday, May 2, 2016. EQT Partners AB won the bidding for Swiss travel services company Kuoni Reisen Holding with a 1.39 billion-franc ($1.4 billion) offer and the Swedish buyout firm said it plans further acquisitions in the industry.