Bankruptcy after 77 years: Traditional Swiss company Stewi goes to the laundromat

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Unfortunately, long-standing efforts to deliver Stewi in its current form into new hands have failed. The company announced this in a statement Thursday. As it has been known since last year, the Stewi building in Winterthur’s Grize district was demolished, while the corporate headquarters would have to give way to a new building anyway.

Owners no longer see themselves in a position to continue the business in a new location for “health and age-related reasons”. The former family business Stewi was sold to two new owners Lorenz Fäh and Stephan Ebnöther in 2017. The two marketing professionals planned to bring the traditional company back to its former strengths.

However, it was stated that the pressure on prices from all sides in the wake of the corona epidemic “significantly influenced” the decision to quit the job.

Hope dies last

However, there is still a glimmer of hope for the company’s cult product, the “clothing spider,” as Stewi is currently negotiating with potential buyers who want to take over elements of the company and keep the well-known name alive. to say.

According to the announcement, Stewi will continue to serve customers through known sales channels and directly at its headquarters in Winterthur until the end of 2023. Then, the final sale of equipment and remaining stock will take place in the fall, following the cessation of production. (SDA/kae)

Source :Blick