Sad to hear, and it would be interesting to get a deaper look into what has gone wrong in general when shipyards are closing down, such as Queenship and now Crescent.
It can of course be a number of reasons, like high investments, hard to find qualified workers, price competition, maybe miscalculations.
But it can also be too much looking at other designs and diluted individuality, I have to say that many shipyards have produced yachts that are hard to distinguish from each other?
Whatever the reasons are, I think the yachting community benefits from having it analysed to maybe be able to prevent such events in the future.