German bicycle manufacturer Prophete files for insolvency proceedings

Cycle UnionProphete

On Dec. 20, the renowned German bicycle manufacturer Prophete GmbH & Co. KG filed a petition to open insolvency proceedings (file number 43 IN 777/22). The court appointed Manuel Sack of nationwide law firm Brinkmann & Partner as Prophete’s provisional insolvency administrator. Between Dec. 20 and 23, the following entities ...

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