Swiss Army Knife maker plans model without a well-known feature

The manufacturer of the classic Swiss Army Knife is developing a new model that will be bladeless to address regulatory barriers hampering access to multitools with knives. Victorinox CEO Carl Elsener, whose company owns the Swiss Army Knife brand, said in an interview with Swiss media outlet Blick, "We're concerned about the increasing regulation of knives due to the violence in the world." "We're actually working on pocket tools without blades," Elsener explained.

Elsener explained that a number of countries have restricted members of the general public from carrying pocketknives or other blades unless they're needed for work or outdoor activities. "In England or certain Asian countries, you are sometimes only allowed to carry a knife if you need to have it to do your job or operate outdoors," he explained. "In the city, however, when you go to school, to the cinema, or to go shopping, carrying pocket knives is severely restricted.

Restrictions on knives rose in the wake of the Sept. 11, 2001, terrorist attacks in the U.S., and Elsener said the company's pocketknives sales plunged by more than 30% in its aftermath. "9/11 painfully showed us that we must not become dependent on a single business area," he told the outlet. Victorinox did not immediately respond to FOX Business' request for comment.

Source: News Formal (newsformal.com)

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