The financial woes continue for Signa Sports United as another subsidiary has filed for insolvency.
Reported today by mtb-news.de, Internetstores GmbH, a subsidiary of Signa Sports United (SSU), has declared insolvency as it filed with the Stuttgart District Court. The latest filing follows news last Friday that one of SSU’s major subsidiaries Tennis-Point GmbH also declared insolvency with the warning from SSU that “other legal entities of the SIGNA Sports United group, including SIGNA Sports United N.V. as ultimate parent company of the SIGNA Sports United group, are currently in the course of preparing similar filings.”
The SSU subsidiary of Internetstores GmbH was made up of a collection of mainly cycling-based brands with…
