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Simplon bicycle manufacturer insolvency

Updated 4 times since CLSTR started tracking revisions of this situation.

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2026-09-06 14:41 UTC → 2026-09-07 11:04 UTC · added removed

Austrian bicycle manufacturer Simplon, operating as 2Rad Produktions GmbH, has filed for a new restructuring procedure without self-administration at the Feldkirch District Court. This marks the company’s second insolvency filing in two years, following the failure of a restructuring plan initiated after a previous 2024 insolvency. The On September 2, 2026, the company submitted its application to the Feldkirch Regional Court. It reports total liabilities exceeding 33 of approximately 33.4 million euros. euros, affecting roughly 150 creditors and 54 employees in Hard, Vorarlberg. Notably, approximately about 28.3 million euros of this debt is linked to the previous failed restructuring process, with one major creditor holding roughly 26 million euros. The failure of the initial recovery plan was specifically attributed to which became due again after the company’s inability company failed to pay a scheduled installment, which caused previous obligations to become due again. The proceedings affect approximately 54 employees in Hard, Vorarlberg, and roughly 150 creditors. installment. Management attributed the financial instability to several factors, including a weak European bicycle market and component shortages that delayed deliveries and caused a loss of follow-up orders. Additionally, leadership Additional factors cited include issues with a key supplier and questioned concerns regarding the transparency of the company’s previous takeover, with leadership stating that communication from former owners was not “entirely transparent or correct.” The company intends to propose a new restructuring plan featuring a 20 percent repayment quota to be settled within two years.

Versions

  1. 2026-09-07 11:04 UTC Simplon bicycle manufacturer insolvency
  2. 2026-09-06 14:41 UTC Simplon bicycle manufacturer insolvency
  3. 2026-09-06 13:19 UTC Simplon bicycle manufacturer insolvency
  4. 2026-09-05 20:06 UTC Simplon bicycle manufacturer insolvency
  5. 2026-09-05 06:07 UTC Simplon bicycle manufacturer insolvency

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