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Everything about Signa

  • The takeover of Fahrrad.de and Bikester includes four out of  five Fahrrad.de stores in Germany. – Photo Jo Beckendorff
    Featured29 Mar 24

    German branch of bankrupt Signa Sports United acquired by Fahrrad.de...

    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.

  • 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
    Financial8 Feb 24

    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 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.

  • After a challenging year are brighter times ahead for the bicycle industry in 2024?
    Market trends22 Dec 23

    Is there light at the end of 2023?

    ZEIST, The Netherlands - In contrast to recent years where the 'best read' items on Bike Europe were related to high-level investments and buoyant market developments, 2023 marked a vivid turning point. This year was notable for bankruptcies, closures and concerns over financial positioning. Bike Europe looks back on the main stories which attracted interest this year…

  • 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
    Business5 Dec 23

    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 activities. Once at the forefront as 'the' example of how to operate a global webshop, the company has lost its momentum on the overseas markets.

  • Black Friday has already started at Chain Reaction Cycles. – Photo Chain Reaction Cycles
    Insolvency & Chapter 1131 Oct 23

    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 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.

  • E-commerce specialist Internetstores has now officially filed for insolvency at Stuttgart District Court. - Photo Internetstores
    Company24 Oct 23

    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 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.

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More articles

  1. Signa Sports' problems not only related to cycling industry issues
  2. Signa Sports United takes drastic steps to face economic headwinds
  3. Signa Sports appoints former Accell Group's CEO Ton Anbeek to board
  4. Sales drop for online vendor Signa Sports United
  5. Internetstores appoints new CEO, Max Heimann is out
  6. 'Macroeconomic turbulence' weighs on bike business of Signa Sports
  7. E-bikes to play dominant role in Signa Sports' growth strategy
  8. Signa Sports opens large-scale European bike parts hub
  9. Supply chain issues impact Signa Sports' Q1 results
  1. Signa Sports United partners with Motesque to launch AI in online bike shopping
  2. German sports giant gobbles up online bike retailer WiggleCRC
  3. Signa Sports United aims to go public to finance more take-overs
  4. E-Commerce Giant Signa Sports United Goes Asia
  5. Signa Sports Preparing To Go Public
  6. Intersport Deutschland Enters into Sourcing Partnership with Signa Sports
  7. Signa Sports Group Anticipates Accelerating Multi-Channel Growth
  8. Signa Sports' Internetstores Takes Over Probikeshop
  9. Germany's Internetstores Taken Over by Retail Giant Signa
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