Yesterday (Tuesday, February 11, 2020), bankruptcy petitions were opened at the Frankfurt am Main Local Court regarding the assets of REIFF Reifen und Autotechnik GmbH, tyre1 Management GmbH, tyre1 GmbH & Co KG and RS Exclusiv Reifengroßhandel GmbH, which belong to the Fintyre Group. The insolvency administrator is in all cases the lawyer Miguel Grosser. He has been in charge of Reifen Krieg GmbH’s insolvency filing process since last week .
The websites of the wholesale players RS Exclusiv and tyre1 have been offline for several days.
FINTYRE Group (former European FinTyre Distribution) is a leading Italian tyre distributor. In 2017 was acquired by Bain Capital Private Equity. Fintyre acquired Reiff Reifen und Autotechnik GmbH in 2017, Reifen Krieg in 2018 and RS Exclusiv and Tyrexpert in 2019.