Jurry
6103
Bankruptcy isn’t necessarily the end
Mar 03, 2021,06:46 AM
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 watchmakers from other brands can maintain and or repair the existing watches.
Such a scenario is what’s been holding me back every time from buying from and Independant. Yes I realize: Vacheron, Patek they can all go bankrupt.
But the continuity risk with an independent is simply much higher (well in my view)
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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
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.
Its sad to hear .
By: Watchonthewrists : 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
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.
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...
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