On September 23, 2025, Mayer & Cie, a 120-year-old Albstadt-based maker of circular knitting and braiding machines, has filed for self-administered insolvency.
Hit by global crises, cheap Chinese competition, and a 50 per cent sales slump, the 280-employee firm seeks restructuring while continuing operations.
Lawyer Martin Mucha supports management; Ilkin Bananyarli is provisional administrator.