Thread: Dovo Insolvency ???

Dovo has entered insolvency proceedings.????

Can someone research this better ??

Source in German:
https://rp-online.de/nrw/staedte/sol...n_aid-50144551

Its when you can no longer pay your bills or creditors, in short

The business is failing, from the sounds of it. Or possibly reconstructing

Here is the the English translation


Solingen safety razors, razors, scissors, pliers and manicure and pedicure sets - Dovo Stahlwaren Bracht is one of the traditional Solingen companies. Now the company had to file for bankruptcy at the competent district court in Wuppertal.
through the bankruptcy proceedings.


By Uwe Better:

After "initial skepticism", the Wuppertal lawyer now sees "considerable optimism" to continue running the company with around 40 employees. We are looking for an investor who would like to take over the company or parts of it. "This is currently being worked on intensively," said d'Avoine on Monday evening in conversation with our editorial team.

Dovo Stahwaren Bracht has been producing and selling the third generation of high-quality cutlery, shaving and personal care products since 1906. "The company has an incredibly good brand name," adds the provisional insolvency administrator. Nevertheless, in the past few years the old manufactory had to recognize more and more that tradition had been rejected. This did not only affect Dovo specifically, but was "generally a trend in the market," according to Marc d'Avoine, who also added: "It made business difficult."

After the employees last received short-time work allowance until Monday, they are now receiving 100 percent insolvency loss. “The latter can and should be pre-financed. This was also discussed intensively in various discussions and explained to the employees, ”says the law firm of the provisional insolvency administrator. The workforce is ready to remain available to the company.

Yep. Dovo and Merkur filed for bankruptcy. They are currently looking for investors to keep them afloat, or else they'll be shut down entirely.
My first straight was Dovo, and although it wasn't of the best razors I've had, it was affordable, approachable, and common enough to make me do the "leap of faith" into the straights. I guess I'm not alone, so it's pretty sad to see them in such a poor shape.

If it isn't related to Covid-19 sound like a good time to use it as an excuse...............

It's a sign of our times. Cheap and Cheerful are king, Traditional Solid Quality has been dethroned.

Originally Posted by 32t

If it isn't related to Covid-19 sound like a good time to use it as an excuse...............

My thoughts too except you don't really need an excuse. Any business that was at all marginal heading into this would be foolish to try to weather the storm ahead IMO.

Bankruptcy laws in Germany are not like the ones here.It ain't easy to declare bankruptcy there. The courts make you jump through all kinds of hoops. If there is any way the company can be saved or sold or reorganized you don't have a choice.

Many outfits there are forced to reinvent themselves.

Originally Posted by Kees

It's a sign of our times. Cheap and Cheerful are king, Traditional Solid Quality has been dethroned.

In a way that's the conundrum for the manufacturer.

While I realize their business is more than razors... looking just at the razors it's hard to justify continued production. A razor off the line today is no better than one made 80 years ago from a practical perspective. There are plenty of vintage razors sitting around... as we all know a well cared for razor will last a lifetime.

Completely the opposite from say, the I-Phone model which is sustained by inherent obsolescence... It's an interesting problem... one that's not good for their bottom line... compounded by a slow growth market...

It’s a business model sure to fail in today’s time. The majority do not use a straight and it’s a passing fad for most hipsters, and millennials. Dovo Ramped for the short term demand, borrowed more and now demand has curtailed, it’s not disposable! It’s a niche market at best. We are super stoked but we are the minority and years from now a lot of razors by the guys who tryed and finally decided it wasn’t for them will turn up in drawers or garages abandoned. Even us die hard users slow down on hardware and software, cause it’s just a chore not a hobby anymore, we shave. Tc