New Fortis Manual
On November 20, the court of Solothurn (Switzerland) announced a temporary moratorium on the payment of debts to Fortis Uhren AG. At the end of May 2018, the company would have been declared bankrupt if it had not coped with its financial difficulties and would not have found a common language with creditors.
A German businessman, Jupp Philippe, a former owner of a food company, came to the rescue. On September 1, the entrepreneur took over the company, renamed Fortis Watches AG, and Lorenz Ebisher was appointed as executive director. Before the change, the brand was owned by a fund from Liechtenstein.
Fortis was founded in 1912 by a watchmaker who opened his workshop in the town of Grenchen. In 1926, the company set up a mass production of self-winding watches, in 1937 - introduced its first chronograph, became one of the companies producing waterproof watches during the Second World War, and in the late nineties created an automatic chronograph with a built-in mechanical alarm clock.