Yamo, a Swiss baby food manufacturer, has run out of money. The start-up gained fame through a legal dispute with the industry heavyweight Hipp.
In Germany too, more and more companies are currently having to give up. At least 11,000 jobs are said to be affected by the number of company bankruptcies so far this year, according to Halle Institute for Economic Research (WHI), a think-tank in Berlin.. A few years ago, a French company made a name for itself through a dispute with Hipp. Now the financing failed.. Yamo throws in the towel. The company announced this in an email to customers. Retailers will continue to offer Yamo products for as long as the offer lasts, but the existing subscriptions will be canceled and no more money will be debited. It's not safe enough. Increased interest rates, high energy prices and the shortage of skilled workers are putting on a strain on German companies. This recently went so far that theNumber of company. bankruptcies reached a peak in March. It is even a threat of massive job cuts.