Coreupt Files For Bankruptcy

I hope that some big sport company will "buy" Coreupt. I know it should be difficult for the pros (Kaya, Kevin, Dale...) but a lot more difficult for all the other people working for the company. Vibes to them.

j-crane/123ski: what a crack up you are. good luck in your future e-bashing with your e-muscle

Candide is on faction i believe

Ahh man, that sucks for all the riders, bummer.

not surprised

Oh no! Sad to see a company as capable as them take a hit like this. Good luck in wherever this goes, Coreupt! Your skis are next on my list.

Low cost higher profit.... they went for the high cost lower profit...they gave away skis like candys at the front desk of a restaurant

CO RUPt in my butt

bummer bro. coreupt is a cool company, but its true, they never really caught on to marketing in north america.. which would be one of their biggest markets. theyve got a sick team, and dale, jf, and dorey will definitely pick up other sponsors in a heartbeat if they end up going under anyway

Sad for the riders, but that's all..

this is actually really depressing. coreupt had an undeserved bad reputation, and it sucks to see them go down

Voltron, more skis are sold in europe.

never heard of how good they are but graphics were on point

That's what happens when the athletes run the company and give their bros and hoes loads of poles for their woes

@ j-crane: Fact is he's right about the majority of the community and to go into further details would just waste time (" only knows a little about bankruptcy"). Plus you appear way more mad in your comment then him...

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Didn't Dynastar skis also file bankruptcy like 2 years ago?

@FHoelzl

- Rossignol SA (the parent corporation for Rossignol, Lange, Look, Dynastar) - (POST QUIKSILVER)... had a disastrous year in 2007/2008. It's Net Revenue fell to €248M, EBITDA was -€42M. Net Income was -€70M. It had so much debt that even if it had continued operating in the way that it was, it would have ran out of cash in May 2009.

It ended up cutting 20% of its workforce (320 jobs)in 7 countries. This, in conjunction with its new restructuring plan saved over €60M. They reduced working capital by €90. They cut their product breadth in half.

This plan turned Rossignol around. They had a breakeven EBITDA in less than a year and a half. I believe they had a double digit EBITDA last year.

So to answer your question, no, they never declared bankruptcy. They were dangerously close though.