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Thread: Zag Skis files for Chapter 11

  1. 09-23-2006, 06:00 AM #1
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    Zag Skis files for Chapter 11

    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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  2. 09-23-2006, 06:38 AM #2
    truth
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    Oh man...the Doobie Brothers broke up...
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  3. 09-23-2006, 07:47 AM #3
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    Too bad their skis didn't have more sidecut. They prolly would have done better.
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  4. 09-23-2006, 08:35 AM #4
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    What will all the moniteurs with their snappy red jackets ski now?

    edg
    Do you realize that you've just posted an admission of ignorance so breathtaking that it disqualifies you from commenting on any political or economic threads from here on out?
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  5. 09-23-2006, 08:44 AM #5
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    Quote Originally Posted by davidof
    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
    Wow interesting.
    Waste your time, read my crap, at:
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  6. 09-23-2006, 12:24 PM #6
    iceman
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    They Zagged when they shoulda Zigged?
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  7. 09-23-2006, 12:39 PM #7
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    Quote Originally Posted by iceman
    They Zagged when they shoulda Zigged?


    F-

    .......

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  8. 09-23-2006, 01:25 PM #8
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    i thought that atomic bought zag 2 years ago???

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  9. 09-23-2006, 02:04 PM #9
    iceman
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    Quote Originally Posted by phUnk

    F-

    .......
    There's no such thing as an F-, an F is an F.

    And using Navy for your invisible dots doesn't make them very invisible, so there.
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  10. 09-23-2006, 02:12 PM #10
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    Quote Originally Posted by iceman
    There's no such thing as an F-, an F is an F.

    And using Navy for your invisible dots doesn't make them very invisible, so there.
    Oh, and get off his lawn.

    edg
    Do you realize that you've just posted an admission of ignorance so breathtaking that it disqualifies you from commenting on any political or economic threads from here on out?
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  11. 09-23-2006, 02:15 PM #11
    iceman
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    Yeah, get off my god-damned lawn, too.
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  12. 09-23-2006, 03:43 PM #12
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    Damn, I've got a buddy who's spancered by Zag. Wonder what he's gonna do now...
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  13. 09-23-2006, 03:44 PM #13
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    I'm sure the French government will bail them out. Maybe they need more mandatory vacation days.
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  14. 09-23-2006, 03:52 PM #14
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    So, when's the liquidation sale? (Yes, in come the vultures)

    edg
    Do you realize that you've just posted an admission of ignorance so breathtaking that it disqualifies you from commenting on any political or economic threads from here on out?
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  15. 09-23-2006, 04:10 PM #15
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    People still ski?
    .....Visit my website. .....

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  16. 09-23-2006, 04:47 PM #16
    TJ.Brk
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    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.
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  17. 09-23-2006, 05:12 PM #17
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    Talking

    Quote Originally Posted by Storm11
    Damn, I've got a buddy who's spancered by Zag. Wonder what he's gonna do now...
    He'll probably have to ride on skis that don't suck now. poor guy.
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  18. 09-23-2006, 06:45 PM #18
    TJ.Brk
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    Quote Originally Posted by BlurredElevens
    He'll probably have to ride on skis that don't suck now. poor guy.
    Actually I've been on the skis. I like the 84. The things just want to turn though.
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  19. 09-23-2006, 09:22 PM #19
    iceman
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    Quote Originally Posted by Cyber Cop
    People still ski?
    I've been told (by the Cyber Cop himself) that this alias is a joke and that I just don't get it.

    I guess I just don't understand stupid shit. Which is odd, because I spew it all the time.
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  20. 09-23-2006, 09:47 PM #20
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    Quote Originally Posted by iceman
    I've been told (by the Cyber Cop himself) that this alias is a joke and that I just don't get it.

    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.
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  21. 09-23-2006, 09:49 PM #21
    cj001f
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    Quote Originally Posted by Cyber Cop
    What's really wierd is you ARE cyber cop.
    I think that tattoo on his arm wore off. Better write it again before you go to sleep.
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  22. 09-24-2006, 12:53 AM #22
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    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.
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  23. 09-24-2006, 11:20 AM #23
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    Quote Originally Posted by TJ.Brk
    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.
    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.


    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.
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  24. 09-25-2006, 02:33 AM #24
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    happy for davidof ankle, sad for stephane (zag)
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  25. 09-25-2006, 03:06 AM #25
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    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.
    "Typically euro, french in particular, in my opinion. It's the same skiing or climbing there. They are completely unfazed by their own assholeness. Like it's normal." - srsosbso
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