The insolvencies continue
The situation currently affects or threatens many companies in the bicycle industry: stock levels are high, demand is low, so a lot of capital is tied up - and additionally triggered by high discounts - little money ends up in the till. If there is so little liquidity that creditors can no longer be paid, then the signs quickly point to insolvency.
Insolvency, i.e. an inability to pay, does not necessarily mean the end of a company.
Orange Bikes is currently in this situation. An insolvency administrator was appointed on December 22, 2023. It remains to be seen what the future holds for the single-pivot specialists. Possible scenarios are: The company can recover financially, restructure and carry on, and possibly find a new owner. Or the situation could darken and the company could go out of business.
Note: This content has been automatically translated from German. Please report any incorrect translations.