Read all about Insolvency & Chapter 11

VanMoof managed to reach a different kind of audience thanks to their marketing. – Photo VanMoof

VanMoof enters Chapter 11 status after months of rumors

AMSTERDAM, the Netherlands - The district court of Amsterdam has granted VanMoof Global Holding B.V. preliminary suspension of payment (chapter 11...

Whilst relying on online sales, Bikesales Solutions also operates an outlet store in Brunnthal, Germany. – Photo Bikesale Solutions

German bicycle refurbishment marketplace insolvent

MUNICH, Germany - Bikesale Solutions GmbH, Germany's 'first professional online bicycle market-place for used bicycles' asked for insolvency on March...

The challenging market situation became too much for Advanced Sports GmbH – Photo Jo Beckendorff

Advanced Sports GmbH applies for insolvency in self-administration

MUTLANGEN, Germany - The challenging market situation became too much for Advanced Sports GmbH. According to an announcement of the responsible...

GreenMo leases e-bikes and e-scooters to many prominent meal delivery companies in several countries across Europe. - Photo GreenMo

GreenMo goes bankrupt as e-mobility market growth misjudged

WAARDENBURG, the Netherlands - GreenMo Group, which leases e-bikes and electric scooters to prominent delivery outlets in the Netherlands, Belgium,...

Eurosport DHS CEO Tianqi Yang doesn’t deny the drastic impact of Prophete’s insolvency on the production planning for 2023. – Photo Jo Beckendorff

Prophete insolvency has no direct impact on DHS operation

DEVA, Romania - The announced insolvency of Prophete Group last December immediately raised questions about the impact on the Eurosport DHS SA...

The insolvency includes both Prophete GmbH & Co. KG in Rheda-Wiedenbrück and Cycle Union GmbH (see aerial photo) in Oldenburg, both in Germany. – Photo Cycle Union

Insolvent Prophete and Cycle Union Group put up for sale

BIELEFELD, Germany – The end has come for the bicycle production and trade consortium owned by the Prophete and Lönne families. The involvement of...

Prophete and Cycle Union ran into difficult waters again. - Photo Prophete

Cycle Union and Prophete file for insolvency

OLDENBURG, Germany - Mass merchant supplier Prophete GmbH & Co. KG and IBD supplier Cycle Union filed for insolvency yesterday. Already in mid-2019...

The eagle has landed hard – can the old MTB Cycletech logo be resurrected? - Photo Peter Hummel

First victim of the disrupted supply chains: MTB Cycletech...

BASSERSDORF, Switzerland - The fact that in the wake of the Corona boom in the bicycle industry there are not only winners, but also losers, is...

Mounting debts have led Möve Bikes into insolvency, but business is carrying on as investors are sought. - Photo Möve Bikes

Möve Bikes insolvent, search for investors in full swing

MÜHLHAUSEN, Germany - Another German bike manufacturer has filed for insolvency and the search for investors is now in full swing. Despite gaining...

Discussions over a long outstanding debt have resulted in Sachsenring’s insolvency. – Photo Sachsenring Bike Manufaktur

Sachsenring Bike Manufaktur applies for insolvency while market booms

SANGERHAUSEN, Germany - In the middle of the largest cycling boom ever, one of Germany's largest bicycle factories, Sachsenring Bike Manufaktur GmbH...