News Article

Swiss Cilo for Sale

Home

BERN, Switzerland (May 9) – Swiss bicycle manufacturer Cilo is in financial difficulties. How serious the situation for Cilo is, is proved by the fact that by the end of May all 29 employees has been given their notice. Cilo-boss Claude Jan looks to have found a foreign investor. He hopes to announce a takeover […]

BERN, Switzerland (May 9) – Swiss bicycle manufacturer Cilo is in financial difficulties. How serious the situation for Cilo is, is proved by the fact that by the end of May all 29 employees has been given their notice. Cilo-boss Claude Jan looks to have found a foreign investor. He hopes to announce a takeover of Cilo by mid May. (PH)

Comment on this article