It is now no longer possible for Watchmaster to issue “a positive going concern forecast”.
(Photo: dpa)
Berlin The stolen luxury watches are said to be worth ten million euros – now the well-known Berlin Internet watch retailer Watchmaster is insolvent. Ten days after the burglary in a vault in Berlin-Charlottenburg and the theft of the watches, the police are looking for the perpetrators with photos and a video.
The pictures show how two men in security company uniforms and with corona masks on their faces spray paint on the video cameras in the vault. The public prosecutor’s office offered a reward of 5,000 euros for information about the perpetrators.
The police assume that the break-in into the rooms with around 1,200 lockers was planned and that other perpetrators were involved. The burglars apparently knew the rooms and security measures well.
The Internet watch dealer company had stated that it had suffered damage of more than ten million euros. A Watchmaster executive said 1,000 of a total of 2,000 stored watches were stolen.
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The company announced on Wednesday that it had filed for bankruptcy. Of the 1,000 stolen watches, a small proportion belonged to Watchmaster and the majority to customers who wanted to sell their watches through the company.
The police are looking for the suspects with photos.
Although the company has insurance cover, they only get back the purchase value for the watches – “but this does not by far cover what has already been invested in processing and certification as well as marketing”. It is now no longer possible for the company to make “a positive continuation prognosis”.
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