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Bergwerk Asks for Insolvency

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PFORZHEIM, Germany (March 30) – On March 24 German high-end bicycle producer Bergwerk had to ask for insolvency at the responsible court in Pforzheim. Receiver of the Bergwerk insolvency case is lawyer Holger Blümle from Karlsruhe. The company Bergwerk (GM: Sükrü Gürses) started under the name of Kraftwerk, but a trademark conflict with the German […]

PFORZHEIM, Germany (March 30) – On March 24 German high-end bicycle producer Bergwerk had to ask for insolvency at the responsible court in Pforzheim. Receiver of the Bergwerk insolvency case is lawyer Holger Blümle from Karlsruhe.
The company Bergwerk (GM: Sükrü Gürses) started under the name of Kraftwerk, but a trademark conflict with the German band Kraftwerk forced it to change its name to Bergwerk. Since the beginning of this year there were rumours about serious financial difficulties at the company. Now another German high-end supplier had to ask for insolvency. (JB)

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