The current insolvency rumble among online stores in the cycling world has its roots in Signa Sports United (SSU), into which the numerous stores are integrated. The man behind it is René Benko, an Austrian self-made billionaire.

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.