Brüngger Bachmann Dialog: Bankruptcy filed
The Zurich agency Brüngger Bachmann Dialog filed for bankruptcy on Monday. Various mandates could not be collected as planned in recent months.
On Monday, July 6, 2009, the Zurich agency Brüngger Bachmann Dialog filed for bankruptcy proceedings with the Zurich District Court. The two managing partners Remo Bachmann and Daniel Brüngger were unable to reach an agreement on the continuation of the agency, as Brüngger writes in a press release. Various mandates that the agency has managed in recent months could not be collected as planned due to the economic crisis - in particular the difficult situation in the automotive industry. Finally, the agency lacked liquid funds. Although intensive talks have been held with investors in recent days and weeks, acquisition efforts have had only limited success.
