René Benko, investor of the Signa Group, has abandoned Signa Sports United (SSU) with the withdrawal of a commitment for a liquidity loan of 150 million euros!
This company includes 80 online stores, including:
Bikester.com
Chainreactioncycles.com
Bicycle.de
Probikeshop.com
Votec.de
Wiggle.com (which also includes Nukeproof and Vitus)
René Benko took advantage, as a pure businessman, of the post-Covid bike bubble. He now returns to other businesses. How beautiful is the business market in the Western world.
NUKEPROOF

Nukeproof and Vitus are also insolvent. Athletes like Kyle Strait and DJ Brandt have stopped sponsoring Vitus and Nukeproof. Wiggle and CRC announced yesterday that they had blocked all orders.
SIGNA SPORTS UNITED NV
Note that since the listing on the stock exchange at the end of 2021, Signa Sports' stock has collapsed to the point of being worth almost nothing. In practice, the capitalization dropped from 3,6 billion to 8 million dollars. In mid-October it was taken off the market.

