Owner of Babboe, Batavus and Sparta Granted Suspension of Payments
16 Articles
16 Articles
The Dutch group Accell, the leading European bicycle manufacturer and owner of the Batavus, Babboe and Raleigh brands, announced on Thursday that it had requested its investment in cessation of payments.
Owner of Babboe, Batavus and Sparta granted suspension of payments
Accell, the bicycle maker behind brands such as Babboe, Batavus, and Sparta, said its Dutch operations have been granted provisional suspension of payments as the company continues to grapple with financial troubles.Provisional suspension of payments is commonly seen as a step that can lead to bankruptcy. Accell said it sought the measure only after "a thorough evaluation of all possible alternatives."
Bicycle manufacturer Accell, known for brands including Babboe, Batavus, and Sparta, has been granted a provisional suspension of payments by its Dutch…
Algemeen Dagblad
Bicycle manufacturer Accell, known for brands such as Babboe, Batavus, and Sparta, continues to struggle with financial problems. The company announced on Wednesday that a provisional suspension of payments has been granted to its Dutch entities.
Bicycle manufacturer Accell is filing for a suspension of payments. In many cases, this is a preliminary stage to bankruptcy. The manufacturer is known for brands including Batavus, Sparta, Babboe, and Koga. The company from Heerenveen has been struggling for quite some time. During the coronavirus crisis, many parts could not be delivered, meaning the company could not meet the demand for new bicycles. By the time logistics were running smooth…
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