GDANSK, Poland - Polish manufacturer 7Anna Group and its brands NS Bikes, Rondo and Creme Cycles, may soon have a new investor, according to news buried in an Instagram post from NS Bikes.
TACHERTING, Germany - The owner of parts and component brand Syntace and bicycle brand Liteville has filed for insolvency. Syntace GmbH is already working on a restructuring and states that ongoing business operations are fully guaranteed. All orders and inquiries via the online shops will be processed as usual, as well as deliveries to IBDs and the Liteville products spare parts supply chain.
BRUSSELS, Belgium - Cowboy's 2024 annual report, finalised on 4 August and published after a significant delay a month later, shows a company scrambling to find new financiers amidst declining profits. It also sheds new light on Cowboy's recent recall and the financial toll that it took on the young Brussels-based company.
SWIEBODZIN, Poland - Sprick, a long-standing name in the German Bicycle sector, has entered a new chapter. After financial difficulties led to insolvency of the bicycle assembler at the start of this year, the company is now set to become part of multinational, Singapore-based DuTech Group.
COPENHAGEN, Denmark - "All operational activity has ceased," reads the email from Lasse Almgren, the CEO of the Danish start-up known as Pentalock. The company, under the name of Danish Mobility System 1 ApS, filed for bankruptcy on August 11.
GDANSK, Poland - Polish manufacturer 7Anna, owner of the cycling brands Rondo, NS Bikes and Creme Cycles, has filed for insolvency. A Polish industry leader in recent years, the 24-year-old company had become known for its diverse range of bikes, from Rondo's gravel bikes to Creme's urban riders. "We are in ongoing talks with investors and we have strong hopes that these negotiations will end successfully. If this plan works out, our brands and team will be able to continue moving forward, and we may even shift into fifth gear," explains founder Szymon Kobylinski in an update on the company's status.
