au7778
49
Sad News
Very sad to hear this. Hope to see white knights to make it survive.
Not wholly surprising...
By: aaronm : January 21st, 2010-09:25
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...
By: aaronm : January 21st, 2010-10:26
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...
(sigh)
By: ThomasM : January 23rd, 2010-07:51
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