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Stella Fietsen Files for Bankruptcy

Dutch e-bike manufacturer Stella Fietsen files for bankruptcy, leaving employees and customers concerned.

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Dutch

Netherlands

Labour MarketNetherlandsBankruptcyEmployeesFinancial DifficultiesCustomersEbike

Stella FietsenOmroep GelderlandNos NieuwsDm Equity PartnersCnv

Ben MandemakersDaan Van RenselaarWilco Van De KampKaj GründemannAlex De Vries

What is the CNV trade union's response?: The CNV trade union, unaware of the bankruptcy filing beforehand, is seeking a meeting with Stella Fietsen's management to discuss the situation and secure clarity for the employees as soon as possible. The union points to broader challenges in the bicycle industry.
What is the main news about Stella Fietsen?: Stella Fietsen, a Dutch e-bike manufacturer, has filed for bankruptcy protection after struggling financially for several years. The company, which employs around 440 people, is owned by DM Equity Partners.
How are Stella Fietsen employees reacting to the news?: Employees are concerned about their jobs and the future of the company, expressing hope for a potential restructuring or 'doorstart'. They are also worried about customers waiting for repairs or new bikes.
What is the role of DM Equity Partners in this situation?: DM Equity Partners, an investment firm owned by Ben Mandemakers, acquired Stella Fietsen in late 2022 and provided a €13.4 million loan earlier this year to address financial problems. However, this was insufficient to prevent the bankruptcy filing.
What is the situation regarding customers waiting for bikes?: The bankruptcy filing has left approximately 1000 customers waiting for new or repaired bikes. The company recently advertised new bikes through AH Voordeelshop and Mediamarkt, but these offers have since been removed from the retailers' websites.

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