US EditionBicycle manufacturer Simplon is insolvent
4 Articles
4 Articles
The Vorarlberg bicycle manufacturer Simplon has recently been struggling with major economic challenges - now the company has filed for bankruptcy. According to the report, the company's debts amount to 44.5 million - around 155 employees are affected. The future for the Vorarlberg bicycle company Simplon is currently very challenging. Despite the strict restructuring course last year, the company is now facing bankruptcy. According to the compa…
According to the company, the liabilities amount to 44.5 million euros. 155 employees are affected
155 employees are affected. A restructuring procedure with self-administration has been applied for.
BREGENZ. According to the company's own information on Tuesday, liabilities amount to around 44.5 million euros. The book value of assets was estimated at 33.2 million euros, and at liquidation values around 7.3 million euros.
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