Franck Muller Went Bankrupt…

All things Swiss

Franck Muller Went Bankrupt…

Postby koimaster » May 15th 2017, 11:04am

As you might know, I’m French and thus, I frequently read Le Temps, a prominent Swiss newspaper – especially known for its respected section dedicated to the watchmaking industry. And what a surprise I found here. Indeed, Franck Muller, one of the main manufactures of Geneva, went bankrupt. We all know that the state of the industry is not the best at the moment, but still, this seemed like a real shock… until I read the entire story!

According to the official gazette of the Canton of Geneva, watch brand Franck Muller was declared in default by a court of first instance on April 24, 2017. Thus, Franck Muller was officially bankrupt. Considering the state of the watch industry, commentators and economics journalists immediately began to speculate that the brand founded by Mister Muller in 1991 was facing financial trouble. As it turns out, this was not actually the case at all! Everything started with a contested invoice of… 57,70 Swiss Francs. Yes, the price of a decent dinner in Geneva.


https://monochrome-watches.com/business ... id-reason/
Image

1946-2006

“Your heart was warm and happy

With the lilt of Irish laughter

Every day and in every way

Now forever and ever after."
User avatar
koimaster
Administrator/Founder
 
Posts: 32141
Joined: December 16th 2009, 11:00pm
Location: Oregon

Re: Franck Muller Went Bankrupt…

Postby eddiea » May 15th 2017, 11:30am

Looking for a Casablanca at this very moment .....
eddiea
Founding Member & Master of Time
 
Posts: 10669
Joined: December 25th 2009, 11:00pm

Re: Franck Muller Went Bankrupt…

Postby tiktok » May 15th 2017, 1:03pm

^^^I like your Cyma.
User avatar
tiktok
Senior Member & WIS
 
Posts: 3282
Joined: March 20th 2015, 7:18pm

Re: Franck Muller Went Bankrupt…

Postby foghorn » May 15th 2017, 1:06pm

Must be due to those crazy hours he was keeping.
GET OFF MY LAWN
Image

Finding out the time is about as difficult as finding a cheesburger.
boneyguy, Sep 12, 2007 #12
User avatar
foghorn
Founding Member
 
Posts: 15281
Joined: December 18th 2009, 11:00pm

Re: Franck Muller Went Bankrupt…

Postby codguy » May 15th 2017, 1:07pm

Too late for a forum watch?
.

Image
User avatar
codguy
ASSHAT
 
Posts: 5003
Joined: June 9th 2011, 10:00pm

Re: Franck Muller Went Bankrupt…

Postby tiktok » May 15th 2017, 1:33pm

no, if you read the article they are still in business...so show us your Mullers!
User avatar
tiktok
Senior Member & WIS
 
Posts: 3282
Joined: March 20th 2015, 7:18pm


Return to Swiss Watches

Who is online

Users browsing this forum: No registered users and 3 guests