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Thread: Touratech insolvent ?

  1. #1
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    Touratech insolvent ?

    Just saw this on ABR

    http://m.suedkurier.de/region/schwarzwa ... 27,9369840

    Translated via Google.

    Not nice for all who work there.


    The manufacturer of motorcycle accessories submitted a corresponding application. 400 jobs are threatened.

    Touratech AG, the specialist for motorcycle accessories and with around 400 employees the largest employer in Niedereschach, has filed for insolvency. This was announced by Ingo Schorlemmer, press officer of the law firm Schultze and Braun, in a press release. Dirk Pehl was appointed as temporary insolvency administrator. However, business operations are to be continued unchanged.

    According to the press release on Friday, the company's employees were informed by the provisional insolvency administrator as well as by the Executive Board about the insolvency and current status at a company meeting. Wages and salaries were paid. Dirk Pehl will use the phase of provisional insolvency to gain an overview of the economic situation of the company and to examine restructuring options.

    "Touratech has already devised initial principles for a renovation concept with its consultants before the application for insolvency," says Pehl after an initial survey. "The first thing we need to do is to implement the restructuring that has begun and to develop opportunities to put the company on a healthy financial and economic footing so as to preserve the location and jobs as much as possible," said the insolvency administrator.

    The reason for the insolvency is the late implementation of the new building, which was necessary due to increased demand, the press release states. The associated difficulties with logistics and production as well as the considerable production and supply losses led eventually to insolvency.

    The new logistics center, consisting of three halls, houses a modern high-bay warehouse, picking, workshop, administration, the Touratech shop and bistro, as well as the sales, marketing and product management offices previously housed in the former Tennishalle. It was put into operation in August 2016 after a six-and-a-half-month construction period and was inaugurated at the end of October 2016 with a large ceremony, at which councilor Sven Hinterseh and mayor Martin Ragg were also present.

    The company invested more than ten million euros in the new building on the Dauchinger Straße with an area of ​​about 20,000 square meters, which was built diagonally opposite the previous Touratech site in Niedereschach. According to the firm's statement, existing jobs should be secured and new jobs created.

    The company is also internationally known for the Touratech Travel Event that attracts thousands of motorcycle fans to Niedereschach every year since 2004. In 2017, the company was chosen as the best brand in the field of conversions and attachments / accessories for the seventh time in a row by readers of the trade journal Motorrad. In 2015, Touratech celebrated a jubilee celebration with more than 12,000 visitors from Germany and abroad on the occasion of its 25th anniversary.

    Touratech started in 1990 with the development and production of accessories for motorcycles, which proved itself particularly in the practice on long tours under difficult terrain and climatic conditions. Products from the first hour were digital tachos, self-built aluminum cases for motorcycle tours as well as waterproof motorcycle computers. As a result, further products were developed, optimized, manufactured and marketed.

    The parts are tested by the founders on long trips, for example, through Tibet, Bolivia, Mexico and South Africa under the toughest conditions and are also used in the Paris-Dakar Rally. Touratech also works as a supplier and development partner for several motorcycle brands. Over 80 percent of Touratech products are exported through a worldwide sales network.

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    Blimey, didn't see that coming.

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    Where will folks get there overpriced tat from now

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    Wow, I thought they were hugely successful company.... a strong brand

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    The village idiot fuse tester will be along any minute to blame it on Brexit
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    Shame, I was in the new store recently, didn't buy anything though, too pricey for me and perhaps thats why they are in trouble.

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    But you could see some signs in that orders were routinely 'in production' or on back order recently. They'll be back.

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    Businesses entering administration seems to be all the rage at present, two companies we deal with have done it in the last month, luckily they didn't owe us.

    Hopefully Touratech will restructure and continue, they offer a service that if lost will help none of us, whether you buy their parts or not. Prices will rise, Brexit is no help, but not the cause either.
    Edited because I cannot type

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    Quote Originally Posted by Lord Snooty View Post
    The village idiot fuse tester will be along any minute to blame it on Brexit
    I think you need to see a trick-cyclist - you're obsessed with him!

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    Quote Originally Posted by Norfolk Tiger View Post
    Where will folks get there overpriced tat from now
    http://www.rizoma.com/home/en

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    Quote Originally Posted by Renatus View Post
    I think you need to see a trick-cyclist - you're obsessed with him!
    You need to see a surgeon to have him reverse your sense of humour bypass.
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    They make BMW's ally boxes AFAIK
    Too shiny and clean to use it properly.

  13. #13
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    It could be a "tacticial insolvency" something that has been around for a while, allowing the filer to kind of clear the decks and come back later a bit lighter and in a fresher/stronger financial position. Tough shit if you are a creditor to them tho.


    Notwhitstanding that, I long ago gave up trying to buy overpriced overbranded unnecessary tat from them, particularly as they were so arrogant, and I suspect quite a few others have too.....

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    Quote Originally Posted by solidstate100 View Post
    Notwhitstanding that, I long ago gave up trying to buy overpriced overbranded unnecessary tat from them, particularly as they were so arrogant, and I suspect quite a few others have too.....
    Indeed.

    On many occasion I've seen things from them and stopped myself when I've seen the price tag.

    To be a successful mass market business, you actually have to sell stuff to the mass market.

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    TT were over protective of the UK dealer in Wales. You were not permitted to buy TT products from Europe and the dealer in Wales charged a huge premium (more than currency differences). Had they made the prices equivalent in the U.K., or let market forces reign and allow proper competition, I'd have bought more.
    TT 2017 will probably Phoenix and lose a lot of debt in the process. Horrible for the creditors but it seems like a viable business, if they lost the debt.


    Sent from my iPhone using Tapatalk

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    So what we have is a German company, that promotes protectionist pricing against UK customers, who are probably going to fuck over all their suppliers yet come out the other side smelling all fresh, rosy and debt free

    Fuck them !
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