A week after an investor was found for the largest area of the insolvent German Fintyre group, two more businesses have now been taken over [...]
Only ten weeks after the insolvency, it is clear that the company RS Exclusiv Reifengroßhandel GmbH as part of the German Fintyre Group has no [...]
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, [...]
Friday night are long negotiations between Thomas Schmidt, owner and CEO of RS Exclusiv, and the representatives of European Fintyre Distribution Ltd. (EFTD) has come to a successful conclusion: the tire wholesaler based in Hohenwestedt near Neumünster will thus have a new owner, along with its 26 TireXpert branches. As is known, the company has been for sale for several years; now the conclusion and the contract signing of the 68-million-euro turnover (2017) making wholesalers and its branches (20 million-euro conversion). US financial investor Bain Capital Private Equity (New York), which is financing the expansion of EFTD, is thus expanding its relevance on the German tire market.