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Old 26.05.2016, 13:12
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Switcher declared bankrupt

https://www.bluewin.ch/fr/infos/econ...-faillite.html
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Old 26.05.2016, 17:15
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Re: Switcher declared bankrupt

They seem to have been bleeding pretty badly for a moment now. In one article the other day the Indian owners said they had pumped in something like CHF 40M since they bought it. I found it odd that that the previous owner/creator was still there plus a CEO that were pulling out annual salaries around the CHF 500k mark (each)

The sales were just not there to justify the overhead.

Hopefully there is enough cash left to pay out the employees.
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Old 26.05.2016, 18:33
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Re: Switcher declared bankrupt

Six months after the Portuguese supplier applied to the courts to judge them bankrupt. I'm surprised they hung in so long tbh.
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Old 30.05.2016, 19:50
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Re: Switcher declared bankrupt

I'm wearing switcher shirts almost exclusively so that's a bummer ...
A day after I read that news I bought some more, the last ones in my size and preferred colors.
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