Sometimes bankruptcy doesnt mean closure

Mar 02, 2021,06:49 AM

Sometimes it is a strategic step taken to make the company stronger albeit at the expense of the creditors and the shareholders. 

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With HYT filling for bankruptcy

 By: Mohannad (aka Riddler) : March 2nd, 2021-05:31
It seems there will be a slew of more watch brands specially independents to follow the same From what I heard around 33 companies with some very familiar names This crisis has impacted everything

I heard from a bank in Switzerland

 By: Mohannad (aka Riddler) : March 2nd, 2021-05:48

Thanks Mo, see this thread opened in AHCI:

 By: FabR : March 2nd, 2021-05:58

My intention is for the more to come

 By: Mohannad (aka Riddler) : March 2nd, 2021-06:17

Sometimes bankruptcy doesnt mean closure

 By: pongster : March 2nd, 2021-06:49
Sometimes it is a strategic step taken to make the company stronger albeit at the expense of the creditors and the shareholders.

Some other independents are staying very strong, with delivery times in the months or even years.

 By: nafetS : March 2nd, 2021-06:56
Just a guess, but it must have hit the ones, that were already kind of weak before the crisis, no?

I agree with you

 By: Gelato Monster : March 2nd, 2021-08:07

Its sad to hear .

 By: Watchonthewrist : March 2nd, 2021-08:11
Hope there will be no big names within these 33 companies. But any watch company that’s going under is a loss for us imho

Brands like Pequignet and Leroy are perpetually on the edge of bankruptcy and will likely fail.

 By: Spangles - Mr. Tabby : March 2nd, 2021-08:17
I am interested if Laurent Ferrier and DeBethune will survive. Ochs und Junior and Lang & Heyne seemed to be attempting to remake themselves after big changes and I imagine 2020 has put a big question to their survival. Hopefully Habring2 is doing well! I... 

The Habrings are flush with orders

 By: mhz > vph : March 2nd, 2021-23:12
They even told me they are looking to add another watchmaker to the team. Thankfully some independents are doing well, despite the health crisis.

Not if they can't make watches that don't break!

 By: Spangles - Mr. Tabby : March 3rd, 2021-05:29
Hope someone new comes in and figures it out.

Bankruptcy isn’t necessarily the end

 By: Jurry : March 3rd, 2021-06:46
There might be investors picking it up at a discount. It could be a way to get rid of debt and start afresh. Hopefully the skills remain saved for the industry. And for those owning one, I hope the movement is built in such a way that well trained watchma... 

Service won’t be an issue as stated by them

 By: Mohannad (aka Riddler) : March 3rd, 2021-14:28

Well that mind set doesn’t help don’t you agree

 By: Mohannad (aka Riddler) : March 3rd, 2021-14:30
If we support indies by buying from them they wont face such consequences

True, it won’t help the indies

 By: Jurry : March 4th, 2021-00:37
But we all make our own risk-reward analyses and for me it turned out this way.

I'm Not A Big Fan...

 By: elliot55 : March 3rd, 2021-22:51
... Of HYT. But if I did own one I'd be worried about who would service that liquid filled marvel. I predict some white knight will ride in with capital and save the avant-garde watch company.

Preciflex SA

 By: Mohannad (aka Riddler) : March 4th, 2021-00:40