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Qobuz Financial Problems - Le site Qobuz placé en procédure de sauvegarde
#1
I was very surprised to hear that Qobuz have financial problems:

Qobuz problems?

especially so given that they've just opened a full UK service.


EDIT: quote from the same site but in english:

"As reported in LesEchos.fr, France-based Qobuz has entered procédure de sauvegarde which is roughly the equivalent of Chapter 11 protection. Qobuz President Yves Riesel explains that they were unsuccessful in raising a third round of financing which led to the filing. That said, my very limited understanding of procédure de sauvegarde suggests that a company must still be solvent, i.e. not in default, and they have 4 months in which to raise the funds needed to continue operating."
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Cambridge, UK (Updated 27th February, 2020)
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Qobuz Financial Problems - Le site Qobuz placé en procédure de sauvegarde - by PhilP - 29-Aug-2014, 11:30

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