Bianchi's €100 Million Debt Crisis Sparks Restructuring - Bicycling Australia
The company owes about £100 million and has until late May to reach a deal with creditors or face insolvency proceedings.
9 Articles
9 Articles
The classic bicycle manufacturer Bianchi has been placed into restructuring, Bloomberg reports.
Bianchi's €100 million debt crisis sparks restructuring - Bicycling Australia
Italian bicycle manufacturer Bianchi has entered a court-supervised restructuring process as it looks to address estimated liabilities of around €100 million. The move, first reported by Escape Collective, was confirmed by court documents obtained by Bicycle Retailer and Industry News, which show that Bianchi applied for creditor protection on September 30. The Court of Bergamo […]
The classic, Swedish-owned Italian bicycle manufacturer Bianchi has been put into reconstruction.
The Swedish industrial group Grimaldi, owned by Salvatore Grimaldi, has been hit by financial troubles in Italy. Portfolio company Bianchi has been placed into restructuring, writes Bloomberg.
Coverage Details
Bias Distribution
- 75% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
