Switzerland’s last tie manufacturer shuts shop after 70 years

Switzerland’s last remaining tie manufacturer has felt the effects ties going out of fashion. Bachmann Krawatten AG, based in Zurich, is now closing down after 70 years in business. Eleven employees will lose their jobs. In the past, wearing a tie was a must in many places – at work, at university or on formal occasions. However, its importance has been waning for decades, said company director Peter Bachmann. When asked, he confirmed the company was shutting down in Thursday’s edition of the…