The Dutch bicycle manufacturer Accell was recently declared bankrupt by Amsterdam courts. As the parent company of popular bike brands such as Batavus, Sparta, Babboe and Koga, the future of the Dutch bicycle market is at risk of shrinking.
Dutch bicycle manufacturer Accell goes bankrupt
On August 5, Accell announced that the company was granted a suspension of payments and less than a week later, the Dutch operations were declared bankrupt, reports NU.nl. Bankruptcy proceedings have also begun in other countries.
As the bicycle manufacturer operates in multiple European countries, with several companies within the group interdependent in certain areas, the situation is more complicated. For example, bicycle production was halted in the…