SEB Addresses Angell Electric Bike's Bankruptcy Crisis: Emphasizing Responsibility for All Stakeholders
3 Articles
3 Articles
After announcing a risk of failure on the frames of his Angell bicycles, assembled at SEB in Is-sur-Tille, Angell boss Marc Simoncini wants to turn to justice. His industrial partner and the unions respond firmly. A standoff that will last for several years, with, in the background, a possible insurance problem.
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SEB Addresses Angell Electric Bike's Bankruptcy Crisis: Emphasizing Responsibility for All Stakeholders
A communication clash is unfolding between Angell Mobility, a French electric bike brand facing financial troubles, and SEB, its industrial partner. The conflict escalated after Angell announced a recall of 5,000 bikes due to a manufacturing defect, costing €13 million, an amount beyond the startup’s reach. SEB confirmed Angell’s insolvency, leading to accusations from Angell’s […]
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