Update: Drettmann GmbH announced insolvency

Following yesterday’s announcement that Drettmann GmbH filed for bankruptcy, we received the following statement from the Bremen based yacht builder and dealer:

The management of the Drettmann GmbH applied the 25th of May 2010 for opening of insolvency proceedings.

This step is a reaction of the management to the decline in the prices in the used yacht section, concerning especially foreign brands. The target of this measure is a reorganisation of the company and the safeguarding of jobs. The management hopes and is engaged that this step has no tangible impact on the customers of the company.

The proven products of the Drettmann Group will continue to be marketed and to be sold worldwide.

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