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Watch brands not immune to financial losses.  0 Comments

Published Saturday, July 07, 2007 by Harry SK Tan |

 

The German watch maker Muhle Glashuette was reported by the German press that arising from their failed legal action agains another German watch manufacturer Nomos, it was 63million euros in debt. This resulted in Muhle Glashuette having to declare insolvency.
Muhle made dependable tool watches with a good following of fans at affordable prices. They represented outstanding value at their price point and quality. If in the unfortunate event that the brand does go under without a white knight to bail them out, the MG watches will easily become collectable. Unfortunately, the brand is not widely distributed globally - which makes the tracking down of remaining unsold pieces quite a challenge.
For more details, check out this German news report.
Muhle Glashuette Homepage

 

 




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