Just days after Watchmaster was caught up in a massive security box heist and robbed of watches worth in the region of 10 million, the business has declared itself insolvent.
A letter sent to customers by the company, and seen by WATCHPRO, says its has appointed an insolvency administrator, Philipp Hacklander, who will take on the task of restructuring the business with a view to it continuing as a going concern.
The letter says Watchmasters insolvency will have no impact on insuranceclaims arising from the burglary of November 19.
We will continue to work closely with our insurance company to resolve the incident as swiftly as possible. As soon as we have further information in this regard, we will share it with you immediately, the l…
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