Yes Golf Bankrupt????

[thecraw]

I've just been told that YES has declared themselves bankrupt!

Anybody else heard this???

Sad really as they did make a lot of nice putters!

 

[ScienceBoy]

maybe they got SUEd for something

 

[muttleee]

This notice is currently displayed on their site:

So it looks like the rumours could be right.

 

[Swinger]

Heard that from Mygolfspy yesterday.

Someone ordered $1 mil worth of putters and then refused to recieve the order I think.

I think Cleveland were looking into buying them rumour has it.

 

[Dodger]

No.

 

[brendy]

Meh! golf.

 

[bobmac]

I've just been to their site and it looks normal

 

[Ethan]

It is probably the US branch that is affected. Rumours have been circulating for months this would happen.

 

[bobmac]

You're right.
Just spoken to YeS golf uk and it is the YES USA that has gone bankrupt

 

[muttleee]

You're right.
Just spoken to YeS golf uk and it is the YES USA that has gone bankrupt

But Yes Golf UK is only a distributor...it's the American company that actually makes the stuff.

 

[thecraw]

You're right.
Just spoken to YeS golf uk and it is the YES USA that has gone bankrupt

As long as it doesn't effect my V-easy delivery I don't care Bob!!!!


I hope this doesn't effect you though!

 

[bobmac]

You're right.
Just spoken to YeS golf uk and it is the YES USA that has gone bankrupt

As long as it doesn't effect my V-easy delivery I don't care Bob!!!!


I hope this doesn't effect you though!

Don't worry about your 2 V-Easys Crawford. They're all wrapped up and waiting for the snow to clear so I can get to the post office.
No idea what will happen to the V-Easy though if Yes go under completely.

 

[Jaymosafehands]

huge shame if it's true, although might lead to some bargains??

 

[HomerJSimpson]

Am I being a pessimist but surely if the main arm of the business in the US has gone it'll have ripple effects across other territories or are they independant in each country.

I'm not a fan of their putters but it would be a real bummer if Bob and the V-Easy are affected too

 

[Oddsocks]

I love the yes stuff and if I had to change any club in my bag the Amy putter would be the absolute last club I would change, it's awesome!

Hope things go the right way bob

 

[bigslice]

maybe they got SUEd for something

bet they NEVEer did.

 

[Ethan]

It is actually the parent company which owns the US division of Yes. Bankruptcy is a different process in the US - most of the airlines have been bankrupt for years, but still fly.

Yes will probably be sold to another company and will resume manufacturing after a short hiatus. Will probably have zero effect on the UK company.

 

[StrangelyBrown]

At least I got my putter before it went boobs skywards...

 

[The_LHC]

It is actually the parent company which owns the US division of Yes. Bankruptcy is a different process in the US - most of the airlines have been bankrupt for years, but still fly.

You're thinking of Chapter 11 bankruptcy, which allows the company to continue trading safe from demands from their creditors whilst they reorganise their debts.

This is different, it's Chapter 7, as one article points out, Yes have closed their doors and fired all their employees on two day's notice, they are no longer trading.

Yes will probably be sold to another company and will resume manufacturing after a short hiatus. Will probably have zero effect on the UK company.

They'll probably be sold yes, but whether they resume manufacturing at the same facility or another manufacturer simply buys up the designs and produces them itself is a different matter, that manufacturer may also decide to distribute any new product using it's own sales lines in other territories, if they have them.

 

[MashieNiblick]

Seems a shame when an independent manufacturer with a loyal following and a good product, which is endorsed by top players, goes under like this.