Restructuring and e-bike boom propels Prophete Group forward

RHEDA-WIEDENBRÜCK, Germany – Mid-2019 German bicycle supplier Prophete Group ran into difficult waters. The owner families Lönne and Prophete brought turnaround consultancy Struktur Management Partner GmbH on board. Interim manager Felix Schwabedal was tasked with designing and implementing the restructuring. Effective October 1, 2021 he is now succeeded by Dr. Michael Dorin in a dual role as CFO and CEO.
The future of Prophete now lies in the hands of Michael Dorin (left) as he takes over from Felix Schwabedal (right). - Photo Prophete Group