Stuttgart-based Internetstores GmbH, which includes the bike and outdoor online shops Fahrrad.de, Bikester, Campz and Addnature, filed for insolvency at the Stuttgart District Court on Monday afternoon. The company is part of Signa Sports United (SSU), the sporting goods division of the Signa Group founded by Austrian investor René Benko. Munich-based lawyer Christian Gerloff, who is already reviewing and managing the insolvency of SSU subsidiary Tennis-Point, which filed for insolvency at Bielefeld Local Court, has been appointed provisional insolvency administrator.
SSU has already announced that further subsidiaries and the parent company Signa Sports United N.V. were facing insolvency applications. At the beginning of last week, Signa Holding had surprisingly withdrawn a financing commitment of €150 million for SSU.
