DonCorson
[AHCI]
3358
BNB Concept files for bankruptcy
What a way to start the day.
The radio alarm clock starts at 6AM with the news and the first thing I hear is that BNB Concept has filed for bankruptcy. The crisis is doing it's thing.
The remaining approx. 90 employees, many of which are already working short hours, will have no social plan because of lack of funds.
BNB Concept has been unable to collect about 10million CHF for wares delivered in 2009 which has lead to their bankruptcy.
A sad day,
Don
BNB Concept files for bankruptcy
What a way to start the day. The radio alarm clock starts at 6AM with the news and the first thing I hear is that BNB Concept has filed for bankruptcy. The crisis is doing it's thing. The remaining approx. 90 employees, many of which are already working s...
Not wholly surprising...
They've been doing some really high-concept pieces for companies which themselves are not doing well... Did the report say what sort of bankruptcy it was? Are they just trying to reorganize their debt and prevent a forced liquidation while they collect mo...
If I were a betting man...
I'd put my money on LVMH. Hublot is a huge source of revenue for them, and BNB is their complication source if I am recalling correctly. They could keep the manufacturing capacity intact for that and then sell the excess capacity. They'd have a stronger h...
All that cool stuff and their place ... what a shame
This message has been edited by cazalea on 2010-01-21 11:27:23
a sad day indeed.
It would be very interesting to see that list of non paying deadbeats. Alas, fast times, fast growth... (sigh)
(sigh)
But it'll be a field day for independent service centers who can hoard parts and/or fabricate. Anyone smell "business opportunity" (and the concomitant siren call to liars and cheats "yes, I can fix that") :-( TM
