Luxembourg's Arnold Kontz sells car dealerships to focus on bicycles
LUXEMBOURG, Luxembourg - Belguim's Louyet Group has taken over the motor vehicle distribution business of Arnold Kontz Group. The latter has decided to go back to its roots and fully focus on the bicycle trade and soft mobility. "I feel that the time is right for us to withdraw from car distribution and concentrate once again on bicycles," explains managing director Benji Kontz.