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Schwinn/GT UK Sales Ltd. in Receivership

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LONDON, UK / KIRCHZARTEN, Germany (5 March) – On March 1 of this year Schwinn/GT UK Sales Ltd. went into receivership. According to Jürgen Eckmann, general manager of Schwinn Europe Cycling International in Kirchzarten/Germany, the receivership concerns the national UK business’s of both Questor bicycle brands Schwinn and GT and its German business Schwinn/GT-Germany which […]

LONDON, UK / KIRCHZARTEN, Germany (5 March) – On March 1 of this year Schwinn/GT UK Sales Ltd. went into receivership. According to Jürgen Eckmann, general manager of Schwinn Europe Cycling International in Kirchzarten/Germany, the receivership concerns the national UK business’s of both Questor bicycle brands Schwinn and GT and its German business Schwinn/GT-Germany which is a subsidiary of the UK sales office.
“The international Schwinn and GT business in Europe are, however, not affected by the receivership,” Eckmann points out. Schwinn/GT’s international European business alias Schwinn Cycling International is also located in Kirchzarten/Germany, home of Schwinn/GT-Germany. Other international Schwinn/GT businesses including Schwinn Fitness, the European fitness equipment division in Switzerland, and several other international Schwinn/GT cycling distributor businesses are similarily not effected.
While Eckmann assures that the business of Schwinn Cycling International will continue to serve its customers with professional services, Questor asked him and his partner Jürgen Sprich to work on the sale of both UK and German national businesses. According to Eckmann they will present a solution by ‘end of this week.’ (JB)

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