Read all about Insolvency & Chapter 11

What might turn into an asset sale, some bidders have expressed an interest in the six stationary Fahrrad.de bicycle stores in Germany. – Photo Internetstores

Future of Internetstores Group hangs in balance as no buyer steps...

BIELEFELD, Germany - In the aftermath of the announced insolvency, no offers have been made for the Internetstores Group as a whole, an interim...

E-bike brand Qwic will stay on the market, but how it will operate remains unknown. – Photo Qwic

Qwic restart after bankruptcy shrouded in mist

AMSTERDAM, the Netherlands - The QWIC administrator has reached an agreement with a consortium of investors for a restart. This was announced by...

Despite Hövding’s successful appeal against the sales ban of the Swedish Consumer Agency, the company has had to file for bankruptcy. – Photo Hövding

Hövding AB files for bankruptcy after consumer agency calls for sales...

MALMÖ, Sweden - Possibly the most remarkable and inventive cycling accessory, the Hövding is no longer on the market. The Swedish Hövding AB filed...

The insolvency plan of the European distributor of Breezer, Fuji and SE Bikes, Advanced Sports GmbH has been approved. – Photo Jo Beckendorff

Advanced Sports' insolvency plan unanimously approved by creditors

MUTLANGEN, Germany - A difficult market situation including slow consumer spending made Advanced Sports GmbH decide on 1 April last year to apply for...

Bird is one of the largest micromobility operators in North America and also has shared e-bikes and e-scooters in several European cities. – Photo Bird

Shared mobility provider Bird enters voluntary Chapter 11 in US

MIAMI, USA - Known primarily for its shared e-scooter service across cities globally, Bird has announced that it is restructuring to "strengthen its...

Although several names were mentioned as potential investors for WiggleCRC, it has turned out to be difficult to find a new owner in the short term. – Photo WiggleCRC

WiggleCRC closes international webshops

PORTSMOUTH, UK - Recent developments at WiggleCRC have taken a dramatic course as the company announced it will close down all its international...

Qwic owner Hartmobile bv has been declared bankrupt by the Court in Amsterdam. – Photo Bike Europe

Qwic bankruptcy also impacts VDL automatic frame production

AMSTERDAM, the Netherlands - Qwic was always known as one of the early innovators in the e-bike market in the Netherlands. According to Qwic an...

Black Friday has already started at Chain Reaction Cycles. – Photo Chain Reaction Cycles

Next insolvency announced in unfolding Signa Sports drama

BERLIN, Germany - The inevitable announcement of the end of online retail giant Signa Sports United N.V. has come after a period of endless...

E-commerce specialist Internetstores has now officially filed for insolvency at Stuttgart District Court. - Photo Internetstores

As Signa Sports crumbles bicycle entities drop like dominos

BERLIN, Germany - A dramatic domino effect is taking place within the financially troubled Signa Sports Group which is having huge implications on...

The future of Mate Bike is unclear. – Photo Mate Bike

Mate Bike struggling to survive under Chapter 11 status

COPENHAGEN, Denmark - The ambitions were sky high when Mate Bike was founded in 2016. Investors were easy to entice based on the projected growth of...