Touratech AG files for insolvency

Details emerged last week that Touratech AG, the German accessory manufacturer, had filed for insolvency, allegedly after problems with cash flow. This came as a surprise to many, including Nick Plumb, CEO of Touratech UK.

“We received an email at close of play on Friday at 17:05, where we were told exactly the same time as everyone else,” Plumb said. “This came as a complete shock to us… We would like to take this opportunity to reassure you that we have been told that from Germany’s, the UK’s, and the rest of the World’s point of view, it is business as usual.”

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He went on to say: “We have been informed that this is a process under German law that allows Touratech AG to restructure, giving Touratech AG the opportunity to get it working as it should be. Touratech UK, like all the distributors worldwide, are independently owned companies. We are all importers of Touratech products and we have been informed that we will not be affected by the restructuring in Germany. I can confirm from the Touratech UK customer’s point of view, nothing has changed. Touratech has been producing quality products for years and will continue to do so… We have been told that the production and delivery of Touratech products will continue without any interruptions during this restructuring process.”

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