India Whiskey Charlie
[IWC Moderator]
9852
Note this is an attempt to a re-organization which is the equivalent of Chapter 11 bankruptcy in the US.
They might survive...🤔
With HYT filling for bankruptcy
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
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.
Just a guess, but it must have hit the ones, that were already kind of weak before the crisis, no?
Its sad to hear .
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.
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
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!
Hope someone new comes in and figures it out.
Bankruptcy isn’t necessarily the end
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...
Well that mind set doesn’t help don’t you agree
If we support indies by buying from them they wont face such consequences
True, it won’t help the indies
But we all make our own risk-reward analyses and for me it turned out this way.
I'm Not A Big Fan...
... 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.
