RECASTS, ADDS quotes, details Dutch electric bicycle maker VanMoof has been declared bankrupt, prompting the company to cease sales on Tuesday and angering customers who sought to file charges over the shop’s failure to return broken bikes. VanMoof, whose popularity earned it the name “Tesla of e-bikes,” but which has faced financial problems, had raised…
Dutch electric bike manufacturer, VanMoof, has been declared bankrupt, prompting many to think the wheels have come off the pandemic cycling boom. The Amsterdam-headquartered company, whose minimal designs and high prices earned the company the nickname of the Tesla of e-bikes, saw its sales surge in the Covid era. However, it has now run out…
Pioneering electric bicycle manufacturer VanMoof was declared bankrupt in the Netherlands on Monday by the Amsterdam District Court, following the company’s pandemic-time boom. VanMoof’s court-assigned administrators are now looking into whether the Dutch company could be restructured or sold so that it can continue operations in the Netherlands. Known for selling sleek high-end bikes with…
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails The number of UK firms entering insolvency jumped last month as businesses came under pressure from higher borrowing costs and waning consumer demand. Official figures from the Insolvency…
From 14h ago Company insolvencies in England and Wales have jumped, as firms are hit by a slow-growing economy and high interest rates. There were 2,163 registered company insolvencies in June, the Insolvency Service reports. That is 27% higher than in the same month in the previous year 1,698 firms filed for insolvency in June…
The National Company Law Appellate Tribunal (NCLAT) has stayed the insolvency proceedings initiated against Container Corporation of India. On July 12, the New Delhi-based Principal bench of the National Company Law Tribunal (NCLT) had admitted the petition filed by Roadwings International, an operational creditor of the public sector enterprise, and ordered to initiate Corporate Insolvency…
Dutch e-bike manufacturer VanMoof has been declared bankrupt in the Netherlands. The company had entered into a so-called suspension of payment proceeding with court-assigned administrators just last week to avoid bankruptcy proceedings while pursuing options to reduce debt, including a sale. The company has posted a support document outlining the current situation for both customers and suppliers/creditors.…
T he number of UK firms entering insolvency jumped last month as businesses came under pressure from higher borrowing costs and waning consumer demand. Official figures from the Insolvency Service revealed that 2,163 insolvencies took place in June. It said this represented a 27% jump against the same month last year and put the UK…
STORY CONTINUES BELOW THESE SALTWIRE VIDEOS SaltWire’s Atlantic regional weather forecast for July 18, 2023 | SaltWire Watch on YouTube: “SaltWire’s Atlantic regional weather forecast for July 18, 2023 | SaltWire” LONDON (Reuters) – England and Wales are on track for the highest quarterly number of company insolvencies since early 2009, as businesses struggle to…
Dutch electric bike maker VanMoof, whose popularity earned it the name “Tesla of e-bikes” but has faced financial problems, has been declared bankrupt by a court. The company had raised 117m in September 2021 in an effort to expand as it rode a boom in the e-bike sector after the Covid pandemic prompted people to…