Swiss gift-wrapper goes bankrupt before Christmas

Children around the world may be disappointed with their gift haul this Christmas because of the financial crisis. But for 123 employees of a Swiss company it's the lack of gift wrapping that will really hurt.

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When it comes to wrapping presents, most men tend to take what could be politely described as a utilitarian approach. The paper is likely to be roughly chopped, the Sellotape applied in industrial quantities and as for bows and ribbons ... forget it!

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