Touratech UK has released a statement on Friday stating that it is “business as usual” in the UK and other Touratech distributors around the world, despite reports of the company filing for insolvency.
Details emerged from Germany on Friday 11 August that the hugely popular motorcycle accessory manufacturer, based in Niedereschach, Germany, had filed for insolvency. The news broke as Ingo Schorlemmer, press officer of the law firm Schultze and Braun, announced the details in a press release.
According to the press release, which was published on Friday, Touratech employees were informed by both the insolvency administrator and the executive board about the news. It said that wages and salaries have been paid and the initial phase of provisional insolvency will be used to gain an overview of the economic situation of the company and to examine restructuring options.
It appears that the reason for the company filing for insolvency is because of the delayed implementation of a new logistics centre which was needed due to increased demand. The late implementation of the new building led to problems with logistics and production, which led to production and supply losses and eventually insolvency.
We spoke to Nick Plumb, Managing Director of Touratech UK, and he released the following statement:
“I just want to confirm after today’s news from Touratech AG that it is business as usual here in the UK and other Touratech distributors around the world. An internal media message has been shared with all Touratech Partners that it is business as usual and more information will follow when we hear more.”
The news will be a shock for many in the adventure motorcycling community, with Touratech being such a well established and respected brand. We’ll have more as soon as we hear it.