Toulouse: victim of a failing supplier, the Kippit company has four days to save its skin
Kippit was placed in compulsory liquidation on September 22, the victim of a defaulting supplier. This Toulouse company which designed durable household appliances until next Monday to find new investors.
The Toulouse company Kippit has until next Monday to find the €800,000 that would ensure its survival. Placed in compulsory liquidation on September 22, by the Toulouse commercial court, Kippit hopes to avoid sinking. “At the moment, we have found two investors ready to contribute €400,000. We are missing the other half. If we do not find other declarations of intent by Monday, we will not appeal the court’s decision, ”explains Jacques Ravinet, the co-founder, with Karen Maya-Levy, of the Toulouse company.
Kippit (for Keep-it, keep it) is the only company in France to design household appliances that are 100% repairable for life, largely made in France, including the famous Jaren multifunction kettle. “DEP Industrie, the supplier of our stainless steel parts let us down. After constantly telling us about the delays, he ended up admitting that he didn’t know how to make the double tank for the jug, which requires deep drawing,” explains Jacques Ravinet.
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So Kippit chose to turn “to China to make and have made this famous piece that no one is able to make in France”. Thanks to this piece, on a whole. We can even manufacture 9,000 Jaren kettles in the process,” continues Jacques Ravinet. And suddenly restart Kippit. But for that, you need investors…
For its part, the Toulouse company conducted legal proceedings against DEP Industrie.