Franck Muller watches are ripoffs. Franck Muller warranties will not be honored!!! These watches are crap and now they are going out of business??? Read below!!!
Franck Muller tries to liquidate his Watchland
Article published on September 26
Environment is hotter on the tops of Genthod. Franck Muller was not seen any more there since nearly six months already. Did the success of the group Franck Muller make lose the direction of measurement to its parents? To hear Vartan Sirmakes, cofounder and coactionnaire group, one could worry some, the more so as this group employs more than 480 people between Genthod and Plan-the-Waddings.
"Franck Muller wants to liquidate the group Franck Muller Watchland. An association started here twelve years which is at the origin of a formidable success. I want some for proof the fact that we sold 48 678 watches Franck Muller last year, that is to say a rise of 36,1%. Quite higher than that of our competitors. It would be necessary to be insane to want to break all that! In order to ensure the perenniality of the company, my lawyers study the possibility of asking for its setting under supervision. Its behavior is incomprehensible."
Denounced convention
It is exact that Franck Muller notified here nearly one month with Vartan Sirmakes the fact that it denounced all the contracts which bind them. According to a convention passed in 1998, said convention of shareholders and simple company, to put an end to the agreements makes it possible to require the liquidation of the group. On its side, Vartan Sirmakes is assembling a file in order to avoid this exit. An attempt at arbitration would be in hand, without one knowing some more.
The administrative and financial director of the group, Didier Decker, old of the UBS having joined the duet here five years already "paradoxical" judge the attitude of the clock and watch maker: "If Franck wants to sell his shares, as some say it, then why does contribute it to make hawk certain rumours? I point out that our accounts are transparent. We are audited by PricewaterhouseCoopers. The company does not have debts."
Disagreement as for the marks
If there remains difficult to know with precision the origin of the divorce between the two associated, two reasons seem obvious: problems of the marks European Company Watch (ECW) and Pierre Kunz, and of the dismissals of intervened employees without Franck Muller not knowing it. Franck Muller had required and obtained that during the organized fair from the 7 to 13 last April with Genthod, "World Presentation of Haute Clock industry" (WPHH), no poster relating to the marks Pierre Kunz and ECW be visible under the large tent. Its associate had then accepted, with contrec? Ur. According to our sources, Franck Muller would have been ready to invest 5 million francs approximately in these two new marks, whereas finally the amounts spent were quite higher than that. The clock and watch maker would have wished to withdraw these two businesses in order to leave them to his only associate. Franck Muller unfortunately did not wish to express himself.
Side of Vartan Sirmakes, it is incomprehension. Didier Decker specifies that the figure of the "investments in question is closer to 5 than of 60", without wanting to say some more on this subject. "the investments in question were carried out with parity between the two associated ones. We did not act in its back. There were boards of directors. No decision concerning these two marks was made without its downstream ", declares the director.
And Vartan Sirmakes to insert the nail: "We are pleased with the success which they gain. They benefit already. Moreover, we will open a workshop Pierre Kunz near the store of the street of Mont Blanc. Four clock and watch makers will work on the spot. Pierre Kunz on October 6 will open two stores in Japan. I will not stop these two marks. That would mean to lay off 150 people. On the contrary, I am ready to launch others of them."
Does clan counter clan?
Concerning a series of dismissals occurred or of the resignations and the fact that ten Armenians would be with the orders of the company, there too the answers fuse.
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