2024-01-16 17:56:18
Radio and television presenter Arthur and a group of investors are demanding 280 million Swiss francs (298 million euros) in damages from coffee pod giant Nespresso in the bankruptcy of Ethical Coffee Company (ECC), his lawyer told AFP on Tuesday.
The procedure brings together eleven creditors Ethical Coffee Company (ECC), a company founded in 2008 by a former Nespresso executive with the aim of marketing biodegradable capsules, cheaper and compatible with his former employer’s coffee machines.
But exhausted by the multiplication of legal proceedings in what had been nicknamed “the pod war”, ECC had to cease its activity in 2017 before its bankruptcy was declared in 2018.
Pods marketed only for “a few days”
In 2011, ECC launched its pods in Switzerland within a chain of electronic and household appliances. But they had only been on the market for “a few days”, recalled the daily 24 Heures, with Nespresso quickly taking legal action to protect its brand.
The legal disputes have dragged on for several years, which explains why the complaint from ECC’s creditors has only now been filed. “It was necessary to have the damage assessed”, following a court decision concerning the brand in 2021, the lawyer said.
He did not indicate how much the investment made by the radio and television presenter amounted to, 24 Heures mentioning for its part an amount of 7.5 million Swiss francs disbursed between 2009 and 2010 to increase its participation in ECC at 5%.
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