WUS: The Rise & Fall Of Fortis

WUS: The Rise & Fall Of Fortis

Postby TemerityB » January 26th 2018, 10:55am

Just posted at WUS, written in their usual dry, fawning style; this is the capper on the article:

Sadly, on November 24, 2017, Swiss newspapers reported that Fortis is about to fold. Fortis is in financial difficulties and has applied for the definitive moratorium (definitive Nachlassstundung in Swiss). The moratorium was approved by the Civil Court of Solothurn-Lebern on 20 November. It extends over six months and lasts until May 20, 2018. 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.

We wish FORTIS all the best!


I only hope Fortis doesn't end up in the hands of ... well ...

http://www.watchuseek.com/flieger-frida ... ll-fortis/
I bought a dive watch from them that literally had “dive” in the name. The instructions said not to dive with it - it was only meant to LOOK like a dive watch. It was also fast by more that a minute per day. Garbage. Never again. - IWG buyer on Reddit
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Re: WUS: The Rise & Fall Of Fortis

Postby koimaster » August 31st 2018, 8:41am


Andreas Bentele
Marketing & Sales Director at Fortis Uhren AG



Dear FORTIS-FRIENDS, here is the official press release regarding the current media rumors:

Press release concerning FORTIS UHREN AG

FORTIS UHREN AG has voluntarily applied for a temporary composition, which has been approved by the court of Solothurn on the 20 November 2017.
The intention of this composition is to enable the company to continue its restructuring program and ensure enough liquidity to do so and thus enable the healthy contingency of the company.
Contrary to media reports the company is NOT experiencing any acute liquidity problems, as in that case a composition would not have been granted by the courts.
The company’s board of directors has taken this measure to ensure the legal and economical long term existence of the company and protection of its suppliers.
ALL operational sides of the business will continue as usual and will not be affected by this measures. There will be NO layoffs at the company to ensure just that.

FORTIS UHREN AG
Best regards,
The whole FORTIS TEAM
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Now forever and ever after."
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Re: WUS: The Rise & Fall Of Fortis

Postby TemerityB » August 31st 2018, 4:17pm

All these closings and near-deaths are becoming a blur. So Fortis soldiers on ... but has Eterna stopped producing new watches? Am I understanding all this correctly?
I bought a dive watch from them that literally had “dive” in the name. The instructions said not to dive with it - it was only meant to LOOK like a dive watch. It was also fast by more that a minute per day. Garbage. Never again. - IWG buyer on Reddit
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Re: WUS: The Rise & Fall Of Fortis

Postby koimaster » July 15th 2019, 8:35am

as an update, Fortis had about $12.5 million USD in sales last year. It was sold to a private investor as well.

Fortis was founded by Walter Vogt in 1912. Twelve years after its establishment, Vogt set up production with John Harwood, inventor of the automatic wristwatch. In 1926, Fortis released the patented Harwood Automatic, the first self-winding wristwatch, at Baselworld. In 1937, Fortis commemorated the company's 25th anniversary by manufacturing and marketing its first chronographs, including the Rolls and the Autorist. The Autorist was also designed by John Harwood and used the movement of the strap to power the watch. By 1943,

Fortis introduced some of the world's first waterproof watches with the Fortissimo models.


Fortis B-42 Marinemaster, Official Cosmonauts 20 ATM , PVD Titanium coated , carbon fiber dial, Powered by Automatic ETA-2836-2
In 1962 the Spacematic automatic was constructed to hold up in extreme conditions and temperature changes. The watch was tested by the seven members of a US space mission. In 1994 Fortis introduced strict endurance tests. This same year the Star City Training Center chose the Fortis Official Cosmonauts Chronograph as part of its issued equipment. Fortis automatic wristwatches have proven their space capability inside and outside of the protection of the space station. Since 1994 Fortis has been the exclusive supplier of manned space missions authorized by the Russian Federal Space Agency. In 1997 the same watch, the Fortis Official Cosmonauts Chronograph, became the official watch of the German-Russian space mission MIR 97.

During Fortis' 75th anniversary year, it introduced a new edition of the Flieger automatic collection.

In 2004, the Flieger Chronograph was awarded the inaugural trophy of the European Aviation Watch of the Year.

Fortis has supplied unique watches to many military squadrons worldwide, including:

Jagdgeschwader (Germany)
Swiss 11 Fighters (Switzerland)
Hellenic Tigers (Greece)
NATO Forces (Hungary)
Immelmann 51 (Germany)
Thunder Tiger Aerobatic Team (Taiwan)
Papa Squadron (Hungary)

In 1994, Fortis became the equipment supplier of the Juri-Gagarin-Kosmonautentrainingszentrums, which is a cosmonaut training centre in Russia. During a docking manoeuvre of the U.S. Space Shuttle Atlantis in September 1994, the model "Official Cosmonauts Chronograph" was worn on the space station Mir by the cosmonauts during the mission Sojus TM-19.

In 1998, FORTIS launched the development of the world's automatic chronograph with mechanical alarm function, which was patented with the patent number EP 0806712. The construction of this watch was done by Zurich watch engineer Paul Gerber.

In 2017, FORTIS experienced some financial difficulties. The company filed for definitive debt restructuring moratorium.[12] Soon afterwards, the company brand and location was taken over by a private investor. This led to the renaming of FORTIS Uhren into FORTIS Watches.


https://www.wikiwand.com/en/Fortis_(Swiss_watchmaker)




FORTIS WITH NEW OWNERSHIP AND EXPERIENCED CEO

"One of our future priorities will be the regular exchange with partners and enthusiasts.
Only when all opinions and ideas are taken into consideration can well-informed decisions be made."
(JP)

fortis ceo.jpg


We hereby are very happy to announce the new FORTIS faces:
Left: Mr. Jupp Philipp (42), owner of the FORTIS WATCHES AG
Right: Mr. Lorenz Aebischer (48), CEO
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Every day and in every way

Now forever and ever after."
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