Fortis: Bankruptcy

Fortis: Bankruptcy

Postby gerdson » November 27th 2017, 1:02pm

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Re: Fortis: Bankruptcy

Postby conjurer » November 27th 2017, 1:04pm

Ak der Leeber!! Dis iz somme Bad-Goldberg schiesse!!
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Re: Fortis: Bankruptcy

Postby foghorn » November 27th 2017, 1:15pm

With any luck Lalo will buy them and soon there will be great deals at Jomashop.
I own one that I got years ago at TJMaxx.
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Re: Fortis: Bankruptcy

Postby koimaster » November 27th 2017, 1:30pm

watch manufactory Fortis is broke

GRENCHEN SO - For years the Fortis watches floated in space on the wrist of Russian cosmonauts - now the company threatens the crash.


The Fortis watches were already floating in the ISS: The company is a supplier of Russian cosmonauts.

As part of the moratorium, a debt restructuring agreement may be negotiated with the creditors to provisionally secure the legal or economic existence of the company. During the probate proceedings neither bankruptcy nor enforcement on seizure or pledge are possible.


Fortis was founded in 1912 by Walter Vogt in Grenchen. The company is one of the few manufacturers who have consistently produced watches since its founding. 1926 went with Fortis the first self-winding wristwatch in mass production.

Long before the era of quartz and cheap watches, Fortis launched the first plastic wristwatch in 1969. With a water resistance of 200 meters and a housing in six colors, this diver's watch was ahead of its time.

Fortis is currently considered a specialist for aviation and space watches. Since 1994, Fortis has been the official supplier of the Yuri Gagarin cosmonaut training center. In 1997, the model "Official Cosmonauts Chronograph" was carried on the space station Mir by the cosmonauts. Currently, the B-42 chronograph is the official watch of Russian cosmonauts. (SDA)
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Re: Fortis: Bankruptcy

Postby foghorn » November 27th 2017, 1:39pm

Surprisingly enough,the official watch of cosmonauts has a quick change date.
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Re: Fortis: Bankruptcy

Postby tiktok » November 27th 2017, 2:10pm

I can't say enough positive about my B 42. Has kept +3 for five years, serviced once as I got a package deal from a young watchmaker. Their pricing was loco, like $1400 one day and then stumped on Amazon for $699 the next. Somebody other than Eeyore should rescue them hopefully.
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Re: Fortis: Bankruptcy

Postby SynMike » November 27th 2017, 2:31pm

I assume there will be a number of Swiss watch companies that go under in the next few years. Watch sales continue to decline as far as I can tell. I've been flipping watches for the past 10 years, mostly on craigslist because I'm in Canada so shipping is problematic. I'm finding it harder and harder to resell watches over the past couple of years.

My daughter has a vintage Fortis in plastic body she bought at a garage sale for a couple of bucks. The crystal is terrible, the bezel is gone, and it doesn't work. But she doesn't care, it's just a fashion accessory to her.

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Re: Fortis: Bankruptcy

Postby TemerityB » November 27th 2017, 4:01pm

Never good news when a good brand goes belly up; I wouldn't trade a used Fortis for your brand new Kickstarter crud, not in a million years, Biff.

I'm sure we haven't read the last of these type of things. But in the last few months, we've had Eterna and now Fortis pretty much wave goodbye. Ugh.
A tale of six Seikos (two Kinetics, two autos, two Solar): FIVE of them have disintegrated, three while being stored. Please, explain to me that whole "bang for the buck" thing again.
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Re: Fortis: Bankruptcy

Postby biglove » November 27th 2017, 7:18pm

Well, crap.
"Get your facts first, then you can distort them as you please."- Mark Twain

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Re: Fortis: Bankruptcy

Postby Pubbie » November 28th 2017, 2:56am

Omega, Rolex, Tag still to choose from. Why does anyone need more choice?
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Re: Fortis: Bankruptcy

Postby gerdson » November 28th 2017, 4:43am

Tag is not a choice ;-)
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Re: Fortis: Bankruptcy

Postby Pubbie » November 28th 2017, 5:49am

gerdson wrote:Tag is not a choice ;-)

But they're there, they're big and growing, sell more watches than Omega and their numbers are knocking even on Rolex's door :). They're up to about 750k a year now. As they make cheaper or better value versions, which of course many WIS don't like, the more still they will sell.

Like Audi, BMW and Mercedes, global markets will soon just have these three mass-luxury premium brands to choose from, all of them virtually the same. Sure, a couple of brands will kick around on the sidelines - Breitling, Zenith - but Fortis, Eterna, RW, ML, FC, Alpina, Glycine... already gone or mortally wounded. This, i suspect, is what the last decade of low interest rates, asset appreciation, and rampant affluenza has done. Shame really, there used to be some nice stuff out there, but now it's all SUVs for the wrist :(
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Re: Fortis: Bankruptcy

Postby bobbee » November 28th 2017, 6:10am

I have a working 1960's Skylark model, but it needs a new dial. So no pics. :)
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Re: Fortis: Bankruptcy

Postby Ginseng » November 29th 2017, 7:59pm

That's a shame. I've been pretty happy with my Fortis Aviatis Flieger Pro. Gorgeous dial and watch head. Cheap-ass bracelet.
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