Bad News comes from watch movement making industry again. It is probable that BNB Concept, the well-known and world-recognized movement maker, will declare bankruptcy soon. Regarded by many as a big star in the hen-end watch industry, BND Concept provided high complex and expensive movements to lots of watch brands. For instance, BND Concept sold tourbillon movements to many brands that cannot or would rather not make those highly complicated movements. And to my knowledge, BNB Concept had their own brand that worked with Confrerie Horlogere. Under the steer of Mathias Buttet, this brand has contributed a lot to the industry since it was founded And it is weird that BNB will come to the edge of brancruptcy given the fact that it has been so popular.
Well, it is reported the brand has lots of customers who have not paid their purchases and thus has ons of unpaid bills, which results in big cash flow problem. As we know, big movement company like BNB Concept has to pay their experienced artisans, maintain their high-tech facilities and expensive machinery, and put big money into develop, research and design. When the cash flow problem occurs, the company can not stay in normal business.
BND Concept will announce bankruptcy soon. And it is likely that this company will close it doors given that no company would like to buy it and no customers wants to pay the bills.It is so sad to hear this news as a lover of high end watches. And it is bad news for the for the watch industry as well
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