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Wednesday, 11 Sivan, 5780
  |  June 3, 2020

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Report: Borsalino Going Bankrupt

Will they raise prices to remain afloat? The Borsalino hat company is deeply in debt and on the verge of bankruptcy. Full Story

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crocodile trears.
Guest
crocodile trears.

better them, them all of us.

anyway, i doubt the “report”

Photo  #3
Guest
Photo #3

Very funny !!!

maybe a frum hat wearer will buy the company and run it well and actually lower the prices !!!

ALFRED E NEWMAN
Guest
ALFRED E NEWMAN

A PURIM JOKE!
THE REBBE WORE STETSONS ALSO!!!

How much???
Guest
How much???

how much did you say the hats worth in the Shluchim photo?

MR ALBER TINI
Guest
MR ALBER TINI

How can they go bankrupt when unzerer are prepared to pay $300 a hat?

Last Photo
Guest
Last Photo

Caption surely means to say $1,200,000 as in 1.2 million.

Maybe it’s time for the establishment of a Jewish company to develop a top quality fedoras for the Jewish market…

This is great news
Guest
This is great news

Now bocurim will be comfortable buying inexepensive fedora hats. Good by Borsalino, thanks for the memories.

More
Guest
More

3000 shluchim x 250$ = 750 000 $

shluchos picture
Guest
shluchos picture

Worth millions in shaitels!

Aaron
Guest
Aaron

BS”D great hats if it never rains

exactly
Guest
exactly

lower the prices and more pwople will be able to afford them as simple as it sounds

Hopeful
Guest
Hopeful

iy”H, they will go bankrupt, and it will become socially acceptable to wear affordable hats.

kaskets is the way to go
Guest
kaskets is the way to go
picture
Guest
picture

Not to mention how many cows are slaughtered for the leather shoes. Sheep for the……….

buy akubra
Guest
buy akubra

Buy akubra
reasonable prices
rain and snow proof
trendy styles

bencraft
Guest
bencraft

hatters bought bors more than 20 years ago

they make such a good hat
Guest
they make such a good hat

They last years

Purim
Guest
Purim

this sounds like a good Purim joke.
LOL

Profit
Guest
Profit

Could be that they were charging too little for them if demanded by the retailers, I would say the retailers were the ones making a huge profit. How much can it cost to make such a hat? $30, $40, $50. Do the math, the shops were probably making 200+ bucks on them!

Numbers don't add up, looks like mismanagement
Guest
Numbers don't add up, looks like mismanagement

In 2013 the company suffered a net loss of almost 22 million euros as revenue fell 11 percent to 13.6 million euros

shluchos picture
Guest
shluchos picture

Worth millions in shaitels!

To #20
Guest
To #20

The article did not state that an 11% decrease of 22mm = 13.6 million. It is simply illustrating, poorly and without full context, that the 11% decline in revenue contributed (not wholly) to a 22 million net loss.

Revenue contributes to the net amount, but it isn’t the only item that factors into the net value. Perhaps the company’s costs increased while sales declined, causing an even greater net loss than the previous reporting year.

I hope this clarifies it for you. Be well.

SH

Berets?
Guest
Berets?

i have worn a beret for years now. Water proof, shape retentive, affordable. They would have been very practical pre Gimmel Tammuz for shorties struggling to get a peek who only got to see hats. A pity!…

you fooled me!
Guest
you fooled me!

for some reason this happens by purim what a coincidence! lol

true cost basis on estimated grp pic
Guest
true cost basis on estimated grp pic

$120,000 /4000 = $30
$120,000 /3000 = $40
$120,000 /3000 = $40
$120,000 /2500 = $48.
$120,000 /2000 = $60
$120,000 /1500 = $80
$120,000 /1000 = $120

Huge spread shop owners

a good buyer
Guest
a good buyer

if it goes out of buisness who will ave that quality in a fedorah

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