ULFT, the Netherlands Dutch bike maker Multicycle has been declared bankrupt by the Court in Zutphen. The bankruptcy concerns Multicycle Inventures Group BV and the four subsidiaries of that holding company. It means that the 65 employees of Multicycle lose their jobs.
The law firm JPR lawyers in Doetinchem, the Netherlands is handling Multicycles bankruptcy proceedings and this firms Mr. J.C.A Herstel is appointed by the Zutphen Court as administrator.
Request by Multicycle
On questions by Bike Europe the law firm said that Multicycle requested for a suspension of payments last Wednesday November 9. Two days later, the bankruptcy has already been ruled on the hol…
Read the full article at: http://www.bike-eu.com/home/nieuws/2016/11/financial-troubles-at-dutch-multicycle-10128116
