Yamo, a Swiss baby food manufacturer, has run out of money. The start-up gained fame through a legal dispute with the industry heavyweight Hipp.
In Germany too, more and more companies are currently having to give up. At least 11,000 jobs are said to be affected by the number of company bankruptcies so far this year, according to an analysis by the Halle Institute for Economic Research (IWH) The number of bankruptcies reached a peak in March, when the number went up to 12,000, says the IWH. The company will continue to offer Yamo products for as long as the offer lasts, but the existing subscriptions will be canceled and no more money will be deducted. It is not clear if Yamo will be able to raise the money it needs to continue its journey in the future.. A few years ago, Yamo made a name for itself through a dispute with Hipp. Now the financing failed. Yamo throws in the towel.