French manufacturer Zag skis has filed for the equivalent of Ch.11 bankruptcy, or so it seems from this report:-
http://www.mysnowsports.com/News/article/sid=610.html
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French manufacturer Zag skis has filed for the equivalent of Ch.11 bankruptcy, or so it seems from this report:-
http://www.mysnowsports.com/News/article/sid=610.html
Oh man...the Doobie Brothers broke up...
Too bad their skis didn't have more sidecut. They prolly would have done better. :the_finge
What will all the moniteurs with their snappy red jackets ski now? :(
edg
Wow interesting.Quote:
Originally Posted by davidof
They Zagged when they shoulda Zigged?
Quote:
Originally Posted by iceman
F-
.......
i thought that atomic bought zag 2 years ago???
freak~[http://freeskiers.x-skier.com/forum/...fault/fish.gif&http://freeskiers.x-skier.com/forum/...ault/ghost.gif]
There's no such thing as an F-, an F is an F.Quote:
Originally Posted by phUnk
And using Navy for your invisible dots doesn't make them very invisible, so there.
Oh, and get off his lawn.Quote:
Originally Posted by iceman
edg
Yeah, get off my god-damned lawn, too.
Damn, I've got a buddy who's spancered by Zag. Wonder what he's gonna do now...
I'm sure the French government will bail them out. Maybe they need more mandatory vacation days.
So, when's the liquidation sale? (Yes, in come the vultures)
edg
People still ski?
You know that ski shop I've been hooking you guys up with. They have a shitload of Zags in stock. golds, 84s, and stuff. I bet the price will hit rock bottom now since if Zag is out of business there is no warranty protection.
He'll probably have to ride on skis that don't suck now. poor guy.Quote:
Originally Posted by Storm11
Actually I've been on the skis. I like the 84. The things just want to turn though.Quote:
Originally Posted by BlurredElevens
I've been told (by the Cyber Cop himself) that this alias is a joke and that I just don't get it.Quote:
Originally Posted by Cyber Cop
I guess I just don't understand stupid shit. Which is odd, because I spew it all the time.
What's really wierd is you ARE cyber cop. :confused:Quote:
Originally Posted by iceman
I think that tattoo on his arm wore off. Better write it again before you go to sleep.Quote:
Originally Posted by Cyber Cop
Damn, Dude that sucks!!!
I actually liked the Zag's While they diffenetly where not everyone's cup of tee, and they differently required some changes to your style to get them to rip, they where an awesome Pow ski, especially for some of the super narrow steep spine lines like we have at baker.
If they are out of business... I think they get around 12 months under French law to resolve their problems assuming they can still trade day to day. Last year they had 181 Keuros profit on a turnover of 618 Keuros which seems healthy. I figure they must have sold around 1500-2000 skis. Odd they now have to file for protection from creditors.Quote:
Originally Posted by TJ.Brk
Oh I will have to change my photo as those extremely painful pins that were holding my ankle together were removed on Monday. I hope I will be better able to flex my left leg next season.
happy for davidof ankle, sad for stephane (zag)
Indeed, it doesn't necessarely means ZAG's running out of business.
According to the (few) info, it looks like a classic cashflow issue (what 'cessation de paiement' means : they can't pay their creditors with the avalaible cash). Not unusual for a fast growing company, on a seasonal market. (which produce in summer but sells on winter). If they had huge warrranty costs with 'Le Rouge' model, I can see how they're bankrupt and profitable at the same time.
They will spent the winter season protected from their creditors.
Wow, that was fast.
It's over for Zag. All the assests are going to be auctioned.
Guillaume Brassod, a Zag manager hopes to buy the patents and molds.
Another link, in french.
SWEEET! Cheap auction scores!
On a serious note, though, it's a real shame to see a ski company go out of business - especially given the sucess they seemed to be gaining in getting in to major national chains (here in the UK at least).
edg
That is the suck. I hope they can pull out of this downward spiral. I've never skied Zags, but I like their moxy.
Viva la Zag.