Libby Cherry
@libbycherry98.bsky.social
Journalist at Bloomberg News in Frankfurt. Writing about struggling companies in Europe and beyond.
Motorcycle manufacturer KTM has been struggling with a post-pandemic slump in sales - leaving it with no choice but to restructure its debt.
Now its woes are impacting one of its co-owners - Austrian businessman Stefan Pierer's eponymous holding company.
www.bloomberg.com/news/article...
Now its woes are impacting one of its co-owners - Austrian businessman Stefan Pierer's eponymous holding company.
www.bloomberg.com/news/article...
Debt Woes at Motorbike Maker KTM Reach Owner Pierer Industrie
Austrian conglomerate Pierer Industrie AG is seeking to extend the maturity of almost €250 million ($263 million) in debt as a consequence of financial strains at its KTM motorcycle unit.
www.bloomberg.com
November 26, 2024 at 8:09 AM
Motorcycle manufacturer KTM has been struggling with a post-pandemic slump in sales - leaving it with no choice but to restructure its debt.
Now its woes are impacting one of its co-owners - Austrian businessman Stefan Pierer's eponymous holding company.
www.bloomberg.com/news/article...
Now its woes are impacting one of its co-owners - Austrian businessman Stefan Pierer's eponymous holding company.
www.bloomberg.com/news/article...