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Two other companies of the insolvent German Fintyre group saved
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 [...]
May 2020
April 2020
RS Exclusiv stands before the final out – property sold
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 [...]
February 2020
The German companies of the tire wholesaler Fintyre Group file for bankruptcy
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, [...]
January 2019
RS Exclusively sold to EFTD – contracts signed
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.
