Swiss News: Cilo Liquidated, Flyer Revived

BURGDORF, Switzerland (January 18) – The restructuring process of the Swiss bicycle industry continues with Cilo recently stopping its operations after several attempts to sell the company and brand. BKTech was also facing bankruptcy but the Flyer pedelec has been saved thanks to a management buyout while Villiger Söhne is struggling. Contrary to all rumours