A month ago, a wave of insolvencies swept through the bicycle industry: major players such as Fahrrad.de, Bikester and Chain Reaction were affected, but were able to continue their operations within the insolvency proceedings. However, the Signa group of companies, in which the online bike stores are integrated, is still seething. The first bankruptcy is underway in Benko's core real estate business.

A huge internet retailer is running out of money: B2C providers such as Fahrrad.de, Bikester, Brügelmann, Ortler, Fixie Inc. and Votec are insolvent. The insolvency administrators are now at work. The decision on whether to restructure or liquidate is still open.

With 34 stores, Sportscheck is not only widespread in Germany, but also a real old hand: the company started its business activities back in 1946. Sportscheck had been sailing under the Signa flag since 2019, but in the maelstrom of turbulence in René Benko's group of companies, the wave of insolvency has now also reached the German sports chain.