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 by investors. Both the retail and service company Duro Reifenservice and the online tire dealer Reifen24 now have a continuation solution, as insolvency administrator Miguel Grosser from the law firm JAFFÉ Rechtsanwälte was able to inform the insolvency administrator today. This means maintaining the locations in Viersen, Kempen and Saalfeld as well as a total of 21 jobs.
Duro Reifenservice operates two branches in Germany (Kempen, Viersen), where tires are sold and assembled and services related to cars (oil change, inspection, wheel alignment, spare parts service) are provided. In addition to end consumers,
In contrast, Reifen24 specializes exclusively in online wholesale, retail and foreign trade, especially for car and motorcycle tires and rims. This is processed via the company’s own domains www.reifen24.de, www.pneu24.de and www.motorradreifenguenstig.de. With a total of 4 employees at its headquarters in Saalfeld / Saale, REIFEN24 also offers advice in both a B2C (business to customer) and B2B (business to business) business in a customer service center.
The German Fintyre companies filed for bankruptcy in early February 2020 due to insolvency and over-indebtedness. The group, which specialized in the wholesale and retail sale of car accessories and tires as well as the provision of related services, employed a total of over 1,300 employees and generated group sales of around EUR 1 billion.