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CoreUPT : it's over

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Mathieu.fr
Posts: 382 - Karma: 171
Frenck ski company CoreUPT, after being filled for bankruptcy in May, has been pronounced in compulsory liquidation.
It basically means the company will stop designing skis, also every riders (Rolland, Dorey, Houle etc.) are now free, watch out for new contracts being inked really soon.
Also, the company will probably be selling everything it owns in order to pay its taxes as well as suppliers.

Expect more info from CoreUPT's owners coming soon
Oct 3 2012 6:56AM
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Cotter
Posts: 2546 - Karma: 850
wow that sucks. I really wanted to try a pair out. maybe now ill be able to pick up a set cheap
Oct 3 2012 7:09AM
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maximiliaan
Posts: 7710 - Karma: 2,849
sucks
Oct 3 2012 7:19AM
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Twig
Posts: 6335 - Karma: 57,053
that sucks, always sad to see a ski company go out of business. Coreupt backed a bunch of riders here in europe so I hope they find new sponsors soon.
Oct 3 2012 7:20AM
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-Otto-
Posts: 456 - Karma: 40
That's some bad news...
Oct 3 2012 7:28AM
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Mathieu.fr
Posts: 382 - Karma: 171
CoreUPT is still looking for a new investor to take over the company, but considering its debts, it might be quite tricky..
Oct 3 2012 7:35AM
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esotericjive
Posts: 1889 - Karma: 1,445
Rough, man. Hate to see a company like that go, good luck to the owners and riders I guess.
Oct 3 2012 7:54AM
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Coalescent
Posts: 4871 - Karma: 2,063
I have $1,000.00. I'll invest.
Oct 3 2012 8:27AM
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roddy116
Posts: 10622 - Karma: 7,397
ns should buy it?
Oct 3 2012 9:08AM
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NotGhood
Posts: 2809 - Karma: 1,255
That sucks balls, always sad to see a ski company go under.
Oct 3 2012 9:44AM
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Mr.Sloth
Posts: 5091 - Karma: 13,469
Good god yes. A NS owned company would be wonderful. We could have Jane The Solid Seven Pro models
Oct 3 2012 9:51AM
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Kickerzzz
Posts: 234 - Karma: 62
I take my hat off to anyone trying to get a foot in the twin-tip market. But I do think its a saturated market at the moment. The big boys like K2 and Volkl are making some of their gear in China, which gives them a huge competitive edge over smaller companies who are forced to used local production.

Maybe it's better to take the Armada route and get a big company to press your skis. You sacrifice profit, but overheads are a lot lower. Would give a new company more time to establish itself.
Oct 3 2012 9:54AM
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KKloeps
Posts: 723 - Karma: 43
I really wants to see who gets signed where,
Oct 3 2012 10:25AM
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Mathieu.fr
Posts: 382 - Karma: 171
CoreUPT skis aren't made in France at all, but produced in China !
Oct 3 2012 11:00AM
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coolflash8
Posts: 3171 - Karma: 2,046
matthiue, do you know when they will start selling their shit cheap? its shit they are done but might as well make use of it
Oct 3 2012 11:06AM
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Mr.Bishop
Posts: 22671 - Karma: 75,830
Sense makes this does not.
Oct 3 2012 11:06AM
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Kickerzzz
Posts: 234 - Karma: 62
Thanks. Didn't know that. Anyhow, hope someone can bail them out :-)
Oct 3 2012 11:09AM
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Bi-ShredinalGuy
Posts: 1075 - Karma: 321
nooooooooo :(
Oct 3 2012 11:15AM
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smuggs
Posts: 6561 - Karma: 1,373
who would have thought dropping millions on skiers to use your skis is a fucking terrible idea.

on3p started right around these guys. this is that classic scenario based on building from the ground up then your scaffolding can support more weight. if you build from the top you will certainly just fall over and go boom.
Oct 3 2012 11:22AM
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CrotchKiller
Posts: 9037 - Karma: 6,940
How are they losing profits?
Oct 3 2012 11:29AM
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Guggs
Posts: 189 - Karma: 386
I like to stick with armada and atomic essentially the same company but yet not. They are made in Austria at the atomic factory and are both great skis! Gotta rep up Austria cause its part of me ;)
Oct 3 2012 12:33PM
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pghjibber
Posts: 1298 - Karma: 329
Any time you add middlemen to the manufacturing or sales process, people need to get paid. Hence why Saga who sells entirely direct (at least until this season, i guess they have some retail accounts now) can afford to sell their shit at a cheaper price and still make twice the margin of a company using sales reps.

Atomic makes their own skis in the Amer factory and builds skis for cheaper than Armada ever could.
Oct 3 2012 12:44PM
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freeskibum82
Posts: 6355 - Karma: 5,055
man id love a pair of candide's old pow skis.
Oct 3 2012 12:56PM
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dan4060
Posts: 1458 - Karma: 847

This is sad to hear.

Guerlain was always one of my favorite skiers.  He skied a line at Mammoth called 'Frenchie's" that just blew everyone away.  If you can get footage of the contest, he makes McConkey, Kreitler, and Gordy Peiffer look timid.  I always wanted to see him in more movies, charging big stuff, I guess I should get some euro movies for that.

Actually, does anyone know if I can get European ski movies with Guerlain on itunes?  Or what movies to look for?  He is absolutely one of the sickest guys out there.

Oct 3 2012 1:03PM
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the.nile
Posts: 580 - Karma: 153
i always wanted TJs old models with the clouds on them
Oct 3 2012 1:11PM
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RubberSoul
Posts: 11249 - Karma: 14,642
someone remind me who candide rides for now?
Oct 3 2012 1:44PM
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ndye
Posts: 3756 - Karma: 7,088
FACTION
Oct 3 2012 1:47PM
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RubberSoul
Posts: 11249 - Karma: 14,642
really? hm. thanks for the answer dude
Oct 3 2012 1:57PM
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hot.pocket
Posts: 4197 - Karma: 10,366
Because this is totally original to NS.
Oct 3 2012 2:22PM
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RICK_ROSS
Posts: 6983 - Karma: 3,342
is this really a surprise? i remember the year coreupt came out they sighned EVERYBODY. Then they didnt even have their own skis the first season, was it dynastar? i cant remember. still sad news, im sure they put a ton of work in to it either way.
Oct 3 2012 2:44PM
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Broook
Posts: 353 - Karma: 46
I read on Facebook the Court hearing or decision or whatever is on the 8th of Oct to see if they get liquidated.
Oct 3 2012 5:24PM
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jburgs
Posts: 13 - Karma: 100
Such a bummer! I loved my coreupts
Oct 3 2012 5:33PM
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corski
Posts: 505 - Karma: 319
These were my dream skis, i actually ended up buying them a couple years ago and they are still going strong probably my favorite pair of park skis.

Sad to see this happen as there skis were some of the best :(
Oct 3 2012 5:33PM
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.ZT.
Posts: 5679 - Karma: 2,792
So sad.
Oct 3 2012 5:35PM
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Sally*McSalad
Posts: 22 - Karma: 20
I got the tj art contest ones and im in love with them. but the cloud ones also looked real nice
Oct 3 2012 11:00PM
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J-Evs
Posts: 6387 - Karma: 1,615
skis sucked anyways
Oct 3 2012 11:02PM
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corski
Posts: 505 - Karma: 319
did u own a pair cause mine and all my friends were great really durable and poppy
Oct 3 2012 11:26PM
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JakeSalvador
Posts: 2741 - Karma: 1,309
oh the irony. couldn't they have chosen a better name?
Oct 3 2012 11:31PM
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Balto
Posts: 25985 - Karma: 4,398
nordica just picked up dale
Oct 3 2012 11:41PM
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.Jacob
Posts: 1838 - Karma: 1,160
This makes me upset, i'd feel guilty if I were to buy a pair after they've gone under, I feel that they deserve all the money they can get.
Oct 3 2012 11:47PM
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skiRay
Posts: 7558 - Karma: 926
never was a fan of coreUPT
Oct 3 2012 11:48PM
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CrotchKiller
Posts: 9037 - Karma: 6,940
don't be a pussy
Oct 4 2012 1:18AM
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Broook
Posts: 353 - Karma: 46
From Coreupt's Facebook:

Rumors rumors... COREUPT died not far from it... The real info will arrive soon. Stay tune...

&

Hi, to give you a little more information ... legal 24/09 the court said Chambéry liquidation of Coreupt with continued activity until 08/10. So yes we will be liquidated if a buyer is not validated by the court before Monday. Pierre Gjurasevic
Oct 4 2012 1:39AM
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I_Am_Mod
Posts: 13214 - Karma: 3,753
maybe a chance for on3p to start up a production line in europe ?
Oct 4 2012 6:38AM
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SIX
Posts: 4595 - Karma: 506

I chatted with Guerlain a little bit earlier this week and according to him, coreupt is not over yet. Of course the situation is bad, but it is not 100% over I can assure you.

Oct 4 2012 7:10AM
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Mathieu.fr
Posts: 382 - Karma: 171
Yes, apparently from what they're saying, CoreUPT is not likely to fully disappear... That being said, they'll obviously have to make important changes to save the company, even with a new investor. Update from CoreUPT on October 8th should let us know what they're up to !
Oct 4 2012 9:29AM
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snomaster
Posts: 3336 - Karma: 5,677
Why the fuck is anyone sad? Guerlian is a bad ass skier but his business venture smelled like a pyramid scheme from the start. Smuggs' comparison is on target.
Oct 4 2012 10:02AM
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Dandurand
Posts: 95 - Karma: 35
I tried to buy skis from them years back, they were super useless to deal with. I'm really not surprised.
Oct 4 2012 10:47AM
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Mathieu.fr
Posts: 382 - Karma: 171
Latest news : "the talks failed and the commercial tribunal in Chambéry confirmed yesterday that Coreupt would be liquidated."

The brand "CoreUPT" is still up to be taking over by some investors, but all its current activities are being liquidated.

Houle, Dorey and Rolland are now free to get sign new contracts for the upcoming winter.
Oct 10 2012 12:36PM
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Newschool_Pope
Posts: 2473 - Karma: 267
wanna get rid of mine, but im in europe...
Oct 10 2012 1:02PM
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ChipSki
Posts: 327 - Karma: 34
BankrUPT
Oct 10 2012 1:11PM
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