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You are here: Home1 / Tyrexpert Reifen + Autoservice

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Insolvency proceedings begin for 7 Fintyre Group companies in Germany

Company News, International News

Insolvency proceedings begin for 7 Fintyre Group companies in Germany

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Related news:

  1. Fintyre Group employee pay ‘coming’, restarting business operations a priority
  2. Search for Fintyre investor begins as employees receive insolvency benefits
  3. Some Fintyre companies operating again in Germany
  4. Fintyre’s insolvent businesses: All unpaid employees now receiving benefits
2nd April 2020/by Stephen

Search for Fintyre investor begins as employees receive insolvency benefits

Company News, International News

It’s still early days for Fintyre’s insolvency proceedings in Germany, but some progress has been made. The insolvency administrator appointed to the preliminary insolvency proceedings for 16 Fintyre Group companies reports the appointment of a committee of creditors. This committee will work with a “leading international transaction consultant” to find a new investor for Fintyre. At the same time, some of the Fintyre employees who weren’t paid salaries or wages for January have now received insolvency benefit payments.

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Related news:

  1. Fintyre’s insolvent businesses: All unpaid employees now receiving benefits
  2. Fintyre Group employee pay ‘coming’, restarting business operations a priority
  3. Insolvency proceedings begin for 7 Fintyre Group companies in Germany
  4. End of the line for German tyre wholesaler RS Exclusiv
18th February 2020/by Stephen

Fintyre Group employee pay ‘coming’, restarting business operations a priority

Career Tracks, Company News, International News, Premium

All 16 companies in the German Fintyre Group have now applied to open insolvency proceedings. But what lies ahead for the 1300-plus employees awaiting wages and salaries, the affected companies’ creditors, and the companies themselves? Sebastian Brunner, spokesman for Miguel Grosser, the provisional insolvency administrator at law firm Jaffé, told our sister website in Germany, Reifenpresse.de, that approximately 200 Reifen Krieg employees will receive their outstanding January wages and salaries in the coming days. Business at the group’s wholesalers and retailers is largely at a standstill, though the office of the provisional insolvency administrator has some more positive news on this too.

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Related news:

  1. Search for Fintyre investor begins as employees receive insolvency benefits
  2. Insolvency proceedings begin for 7 Fintyre Group companies in Germany
  3. Anger amongst Fintyre Group’s workforce in Germany: “They’re dealing with people, not numbers”
  4. End of the line for German tyre wholesaler RS Exclusiv
14th February 2020/by Andrew

Anger amongst Fintyre Group’s workforce in Germany: “They’re dealing with people, not numbers”

Company News, International News

They are resigned, angry and desperate. But above all, they’re disappointed. Disappointed that they weren’t informed about the bankruptcy by their employer Fintyre, but by the media. Our sister publication in Germany, Neue Reifenzeitung, has spoken with staff at TyreXpert outlets in the north of the country to gain an insight into the mood of the workforce.

Read more

Related news:

  1. Fintyre Group employee pay ‘coming’, restarting business operations a priority
  2. Search for Fintyre investor begins as employees receive insolvency benefits
  3. Insolvency proceedings begin for 7 Fintyre Group companies in Germany
  4. End of the line for German tyre wholesaler RS Exclusiv
14th February 2020/by Stephen

Fintyre appoints Saccani MD of RS Exclusiv, TyreXpert

Career Tracks, Company News

European Fintyre Distribution (EfTD) has appointed Francesco Saccani as its new managing director of RS Exclusiv and TyreXpert. He will report directly to Claudio Passerini, CEO of EfTD Germany, and will be responsible for leading the development and growth of the companies in northern Germany. EfTD added that the companies would seek to “enhance synergies” with the rest of the group.

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Related news:

  1. Fintyre Group employee pay ‘coming’, restarting business operations a priority
  2. CEO named for European finTyre Distribution’s German businesses
  3. FinTyre completes Rs Exclusivreifengrosshandel and Tyrexpert Reifen + Autoservice acquisition
  4. EfTD: Turnover grows 46% to €1.1 billion
26th June 2019/by Andrew

EfTD: Turnover grows 46% to €1.1 billion

Company News

Tyre wholesaler European FinTyre Distribution (EfTD), a Bain Capital company, reports a turnover of 1.1 billion euros for the 2018 financial year, a 46 per cent year-on-year increase. EBITDA reportedly rose 83 per cent year-on-year. This positive net cash flow helped finance its acquisition of RS Exclusiv, which was completed in May 2019 and increased the group’s turnover to approximately 1.2 billion euros. According to chief executive officer Mauro Pessi, the company anticipates a turnover of 1.3 billion euros this year.

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Related news:

  1. EC clears Bain Capital’s acquisition of Reiff’s tyre distribution business
  2. EfTD growing with the ‘right opportunities and matches’
  3. FinTyre completes Rs Exclusivreifengrosshandel and Tyrexpert Reifen + Autoservice acquisition
  4. Anger amongst Fintyre Group’s workforce in Germany: “They’re dealing with people, not numbers”
29th May 2019/by Stephen

FinTyre completes Rs Exclusivreifengrosshandel and Tyrexpert Reifen + Autoservice acquisition

Company News, International News

Following the announcement made on 28 December 2018, on 10 May 2019, European FinTyre Distribution (EfTD) announced that it has completed the acquisition of 100 per cent of German tyre firms Rs ExclusivReifengrosshandel GmbH and Tyrexpert Reifen+Autoservice GmbH.

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Related news:

  1. Fintyre to open London head office
  2. Fintyre Group employee pay ‘coming’, restarting business operations a priority
  3. Mobivia Groupe to acquire ATU
  4. European FinTyre Distribution buys Reifen Krieg
10th May 2019/by Chris
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