Raleigh and Lapierre Owner Declared Bankrupt, Potential Sale to Irish Company on Horizon
13 Articles
13 Articles
Bike boom was yesterday: manufacturer Accell is broke. What will become of the popular brands Haibike, Ghost and Winora? An insolvency lawyer gives clear answers.
Who still remembers them? Postbank, V&D, SRV, Saroma, and PTT. Names that were once so commonplace that no one could imagine they would ever disappear from the streets. Yet it happened. For instance, V&D permanently closed the doors of its department stores in 2016, after nearly 130 years. With the bankruptcy of Accell, well-known Dutch bicycle brands like Batavus and Sparta are under pressure. Can the decline of Dutch glory still be stopped?
The Irish investment firm Quanta Capital is interested in acquiring the Accell Group, the parent company of bicycle brands including Sparta, Batavus, and Babboe. CEO Mel Sutcliffe told Irish and British media this.
CEO Mel Sutcliffe previously owned bicycle companies.
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