Euretco Seizure May Jeopardize Union and United Bicycles Joint Venture

NIEUWLEUSEN, Netherlands (October 3) – Dutch buying association for IBD’s, Euretco has seizured the possessions of Dutch bicycle maker Union for a total amount of about NLG 1 million (US$418,000; EUR454,000). Euretco’s claim is based on the distribution of bicycles made by Union for Euretco to non-Euretco IBD’s. A Dutch court recently announced that the