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.
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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. Currently he is acting as Editorial Consultant for the paper helping to shape its future development. Share your story with us by emailing, by calling +34 951 38 61 61 or by messaging our Facebook page