MUNICH, Germany - After quickly realizing not to be able to find a buyer for the entire insolvent Internetstores Group the appointed insolvency administrator Dr. Christian Gerloff started selling key assets of the former online retail giant. This process has now been finalised. "All of Internetstores GmbH's key brands now have the chance to restart under new ownership," confirms Gerloff.
STUTTGART, Germany - In less than a month after the Fraser Group announced the takeover of Wiggle and Chain Reaction, the UK online business of Signa Sports United, the insolvency administrator reports the acquisition of a part of the German online business of former giant Signa Sports United. The new owner of the platforms Fahrrad.de and Bikester is Koehler Group Holding GmbH.
BIELEFELD, Germany - In the aftermath of the announced insolvency, no offers have been made for the Internetstores Group as a whole, an interim assessment of the insolvency proceedings has revealed. This raises concerns about the continuity of the brands under the Internetstores Group umbrella, potentially putting numerous jobs at risk.
BERLIN, Germany - The inevitable announcement of the end of online retail giant Signa Sports United N.V. has come after a period of endless speculation. The parent of some online platforms including Wiggle, Chain Reaction Cycles, Probikeshop, Bikestar and Fahrrad.de filed for insolvency at the court in Bielefeld, Germany. This unfolding drama might have a major impact on the instable inventory situation.
BERLIN, Germany - A dramatic domino effect is taking place within the financially troubled Signa Sports Group which is having huge implications on the bicycle-related activities of the company. Internet Stores GmbH has now filed for insolvency, the North America Bike Division ceased operations with a few days' notice, and the clock is now ticking for WiggleCRC.
BERLIN, Germany - Following a brief stint as CEO of Internetstores GmbH, Max Heimann has left the parent company of Fahrrad.de, Bikester, etc. at his own request. The listed parent company of the online sports retailer, Signa Sports United (SSU), is now introducing his successor, Torsten Waack van Wasen.
