"While the world’s biggest watchmaking businesses have more than enough cash to survive, Mr Müller thinks that there will be a large number of casualties. “Between 30 and 60 ‘Swiss Made’ watch brands – of a total 350 – will not survive,” he tells Swissinfo.
“By my count, a dozen watchmaking companies have already filed for bankruptcy since the beginning of the crisis.”"
Swiss watch brands are filing for bankruptcy....
"While the world’s biggest watchmaking businesses have more than enough cash to survive, Mr Müller thinks that there will be a large number of casualties. “Between 30 and 60 ‘Swiss Made’ watch brands – of a total 350 – will not survive,” he tells Swissinfo.
“By my count, a dozen watchmaking companies have already filed for bankruptcy since the beginning of the crisis.”"