The motorcycle clothing and accessories retailer POLO Motorrad Österreich GmbH is insolvent and is undergoing bankruptcy proceedings. The chain of stores sees no chance of continuing operations or restructuring.
- Liabilities of around €1.7 million
- Four branches affected in Vienna, Salzburg, and Traun
- 24 employees and 27 creditors affected
The insolvency of POLO Motorrad Österreich GmbH marks a significant turning point in the Austrian accessories trade for motorcycle clothing, helmets, technical equipment, and leisure items. The company operated four stores and was closely linked to its German parent company POLO Motorrad und Sportswear GmbH through a commercial agency agreement.