(SGI) As reported in Sportfack, the Swedish industry magazine, Wearcolour Sweden, a Swedish brand of anoraks, ski jackets and trousers with distinctive color blocking that also owns the Void Cycling trademark, went bankrupt on Feb. 11 at its own request in Gothenburg. A notice on its website said that no orders can be placed or processed at the moment, but the receiver was considering re-starting e-commerce. Void Cycling is a Swedish brand of bike clothing created by passionate riders that put out its first collection in 2014 to combine fashion with high-end function cycling wear. The jerseys came with complex abstract prints. The product line covers many categories for men and women, including jerseys, shorts, jackets and crew necks for use on and off the road. According to the Swedish trade magazine Habit, the bankruptcy application, signed by Wearcolour’s chief executive, Johan Ullbro, states that the company wishes to go bankrupt as “the applicant cannot pay its debts, and this is not only temporary.” The company, which was founded in 2010, has 11 employees. In 2018, its operating profit declined to 2.4 million Swedish kronor (€0.22m-$0.24m) on higher sales of just over SEK 70 million (€6.6m-$7.2m).
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