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Of: julian reyle

Several discount giants will even have to pass an offer from their stores. Prophete, a German bicycle manufacturer is bankrupt. The bankruptcy process is already underway.

The future of Prophete, a traditional German manufacturer, is currently uncertain. The company filed for bankruptcy just before Christmas. It is not yet clear if the bike manufacturer’s operations will continue initially or if they will have to stop outright, as “Chip” writes. Some Aldi customers and lidl You’ll probably even notice the consequences of the company’s bankruptcy in the discount store sales.

It is equally uncertain what the future will look like for the 280 employees of Prophete in Rheda-Wiedenbrück (North Rhine-Westphalia) and the 450 employees of Cycle-Union, the subsidiary in Oldenburg (Lower Saxony). Prophete is a family business founded over 110 years ago. The company owns brands such as Kreidler and VSF Fahrradmanufaktur.

Other well-known companies are also currently insolvent, for example Galeria-Kaufhof. In The emerging fashion retailer is said to already be interested in taking over a few branches. have announced.

Previously in the range of Lidl and Aldi – the bikes were in the low and medium price segment

The bicycles produced by Prophete are marketed in the low and medium price segment and are also sold at Aldi and Lidl, among others. Therefore, a cessation of operations has consequences for people who buy their bikes at discount stores.

“Die Glocke” writes that shortly before Christmas (December 21), the company filed for bankruptcy before the Bielefeld district court. The Cycle-Union subsidiary is also affected by solvency.

Reasons for insolvency not yet known: cooperation with AEG

The lawyer Manuel Sack of the law firm Brinkmann and Partners is appointed provisional bankruptcy administrator. The exact reasons for the financial problems at Prophete are not yet known, but should be explored in the coming weeks. In the past, the company has repeatedly worked with larger corporations such as Samsung. Only in 2016, Prophete started a cooperation with AEG to produce electric bikes together with the company.

also the chain Galeria Karstadt Kaufhof is affected by bankruptcy and announces before Christmas that more branches will have to close than previously assumed. Among other things, the Galeria Kaufhof branch in Heilbronn is threatened with closure.

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