Hoonigan Files For Bankruptcy After Slipping Into $1.2 Billion Worth Of Debt

Most motoring fans associate the American company Hoonigan with the figure of Ken Block, a racer and showman who founded it primarily as a lifestyle and clothing brand. It gradually underwent a significant transformation, when a lifestyle brand became a company supplying mainly car parts and bikes. However, it has now declared bankruptcy.

Hoonigan Files For Bankruptcy After Slipping Into $1.2 Billion Worth Of Debt

Hoonigan, once a rising star, has filed for bankruptcy due to a staggering $1.2B debt. The merger with Wheels Pro in 2021 and subsequent acquisitions contributed to its woes. Despite the challenges, the company expects to emerge from bankruptcy within two months. The Hoonigan brand, founded by Ken Block, has filed for Chapter 11 bankruptcy in Delaware after falling into $1.2 billion in debt, but it remains hopeful it can secure new funding an…

What are the causes that brought the company created by the late Ken Block to this difficult position?

Hoonigan goes bankrupt with over $1.8 billion in debt

The brand made famous by internet icon Ken Block, has filed for bankruptcy citing $1.8 billion (USD 1.2 billion) in debt. - Australia's #1 motorsport news website