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workinclasszero

(28,270 posts)
Sat Aug 11, 2018, 10:13 AM Aug 2018

Trump tariffs have forced us into bankruptcy and liquidation, says PC case maker CaseLabs

'Our user community has been very devoted to us and it’s awful to think that we have let any of you down'
Chiara Giordano 40 minutes ago

A high-end PC case maker says it has been “forced into bankruptcy and liquidation” by tariffs introduced by Donald Trump.

CaseLabs, which makes custom towers for computers and has a high-profile following, including prominent YouTubers such as LinusTechTips, announced it would be permanently closing on Saturday.

The company, based in California, said tariffs had raised costs by almost 80 per cent and that “the default of a large account” had added to the issue.

“We are very sad to announce that CaseLabs and its parent company will be closing permanently,” CaseLabs said in a statement. “We have been forced into bankruptcy and liquidation.

“The tariffs have played a major role raising prices by almost 80 per cent (partly due to associated shortages), which cut deeply into our margins.


https://www.independent.co.uk/news/world/americas/pc-case-maker-caselabs-latest-news-bankrupt-liquidated-us-tariffs-a8487416.html

9 replies = new reply since forum marked as read
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Trump tariffs have forced us into bankruptcy and liquidation, says PC case maker CaseLabs (Original Post) workinclasszero Aug 2018 OP
More manufacturing losses to follow dalton99a Aug 2018 #1
F' MAGA! democratisphere Aug 2018 #2
Aww, man. They made some great chassis Recursion Aug 2018 #3
So much winning! smirkymonkey Aug 2018 #4
And so it begins - The Domino Effect packman Aug 2018 #5
I hope they can pause, rethink, and move to Canada, Mexico, or the EU Iterate Aug 2018 #6
i will never get tired bdtrppr6 Aug 2018 #7
It's a California company......45 is probably pleased that they shut down. AJT Aug 2018 #8
Oh I bet Shit 45 loved this shutdown! workinclasszero Aug 2018 #9
 

packman

(16,296 posts)
5. And so it begins - The Domino Effect
Sat Aug 11, 2018, 10:37 AM
Aug 2018

They-CaseLabs- go bankrupt because “the default of a large account”. Look into that "large account" and I will bet that someone defaulted on them, which may have had another default along the line, etc., etc.

Expect this more in the coming months - bad news

Iterate

(3,020 posts)
6. I hope they can pause, rethink, and move to Canada, Mexico, or the EU
Sat Aug 11, 2018, 10:40 AM
Aug 2018

Their products are high quality, modular, and expensive. But it's the kind of 'buy it once and reuse it forever' design that will still be valued long after we're all tired of pissing on Trump's soggy grave.

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