World’s first manufacturer of artificial pearls is bankrupt

Majorica was a world leader Credit: Facebook

CHEMIST Eduard Hugo Heusch obtained the world’s first patent for the manufacture of imitation pearls and after setting up a distribution company in Barcelona in 1890, he moved the business, titled Majorica, to Mallorca at the turn of the century.
Initially there were two factories, one in Palma and the other in Manacor and as the business grew, so it concentrated in Manacor which became its headquarters.
Now after 130 years of trading it has been declared bankrupt due to the sudden drop in sales caused by the Coronavirus pandemic and administrators are currently looking to see if they can find a potential purchaser.
The staff of 300 have been on furlough (ERTE) since the lockdown when production ceased and they hope that a new owner will find work for the majority of them.
Thank you for taking the time to read this news article “World’s first manufacturer of artificial pearls is bankrupt”. For more UK daily news, Spanish daily news and Global news stories, visit the Euro Weekly News home page.
Euro Weekly News is delighted to continue be able to bring you a range of News from around Spain in English and Global News live as it happens.
Euro Weekly News doesn’t cost you anything but your internet connection. Whether it’s bringing you the local Spanish news or the International news today, we’ve got you covered!
Euro Weekly News, the leading free local and national newspaper in Spain, the people’s paper, we lead others follow!

FacebookTwitterRedditWhatsAppTelegramLinkedInEmailCopy Link
Go Back
Written by

John Smith

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Share your story with us by emailing [email protected], by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews

Comments


    Leave a comment

    Your email address will not be published.