Insolvency at Fahrradbauer: Fahrradgruppe files for insolvency
The Accell Group has filed for bankruptcy as a holding company and for its German subsidiaries.
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Summary
The Accell Group has filed for bankruptcy as a holding company and for its German subsidiaries. Winora has a great tradition - the company was founded in 1914 by the cyclist Engelbert Wiener. With the self-administration procedure, the existing management has the opportunity to control the restructuring process itself in coordination with the creditors.
Furthermore, The Schweinfurt District Court confirmed on Monday that proceedings were ordered in self-administration for the German holding company of the Dutch Accel Group as well as its subsidiary Winora Staiger GmbH, Ghost Bikes GmbH and Engelbert Wiener Bike-Parts GmbH. Accell Germany is currently part of the Accell Group, which is based in the Netherlands and operates in many European countries and is majority owned by US financial investor KKR. This affects bicycle brands such as Haibike and Winora (file photo). © Despite a continuing cycling boom, three renowned bicycle companies from Bavaria have filed for bankruptcy in the course of the difficulties of their Dutch mother.
In addition, The German bicycle market is a solid basis for a restructuring, according to the office of the provisional guardian. Business operations should be continued, wages and salaries are initially secured via the insolvency money.
Cross-referenced from 2 sources.
Factual coreconfirmed by several independent voices
The Accell Group has filed for bankruptcy as a holding company and for its German subsidiaries.
reliability low1/2 sourcesWinora has a great tradition - the company was founded in 1914 by the cyclist Engelbert Wiener.
reliability low1/2 sourcesWith the self-administration procedure, the existing management has the opportunity to control the restructuring process itself in coordination with the creditors.
reliability low1/2 sourcesThe Schweinfurt District Court confirmed on Monday that proceedings were ordered in self-administration for the German holding company of the Dutch Accel Group as well as its subsidiary Winora Staiger GmbH, Ghost Bikes GmbH and Engelbert Wiener Bike-Parts GmbH.
reliability low1/2 sourcesAccell Germany is currently part of the Accell Group, which is based in the Netherlands and operates in many European countries and is majority owned by US financial investor KKR.
reliability low1/2 sourcesThis affects bicycle brands such as Haibike and Winora (file photo). © Despite a continuing cycling boom, three renowned bicycle companies from Bavaria have filed for bankruptcy in the course of the difficulties of their Dutch mother.
reliability low1/2 sourcesThe German bicycle market is a solid basis for a restructuring, according to the office of the provisional guardian.
reliability low1/2 sourcesBusiness operations should be continued, wages and salaries are initially secured via the insolvency money.
reliability low1/2 sources
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