Schwabe & Baer Entwicklungsgesellschaft, which manufactures high-quality skis and ski equipment under the brand name Indigo, among others, filed for insolvency at the Munich district court on April 14. Under the supervision of the restructuring expert Rolf Pohlmann, the provisional insolvency administrator, operations will continue and the company will be put on a restructuring course. According to the brand founders and managing directors Thorsten Schwabe and Gregor Baer, one of the reasons for the insolvency was the insufficient revenue from the business with licensed products in the medium price segment. The outbreak of Covid-19 and the associated business closures then caused sales to collapse. Given the profound know-how of Schwabe and Baer, the established customer relationships and the special market position of Indigo, Pohlmann is currently optimistic about the prospects for a realignment. Together with Schwabe and Baer, he is looking for an investor, and the first interested parties have reportedly already been found.
Schwabe & Baer also holds a licence from the sports fashion company Bogner for high-quality winter sports articles such as skis, ski poles, snowboards, ski helmets and glasses. In addition, the company produces and distributes ski and bicycle helmets as well as sports glasses for O’Neill and St. Moritz as well as, more recently, for the FC Bayern München soccer team under corresponding licensing agreements. The company was founded in 2003 and is based in Unterföhring near Munich, Germany.