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Author Topic: Touratech bankrupt?  (Read 428 times)

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Offline michnus

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Touratech bankrupt?
« on: August 12, 2017, 01:37:56 AM »
https://www.alpentourer.eu/alpentourer-news/touratech-muss-insolvenz-anmelden/
The Touratech AG , the southern German specialist for motorcycle accessories with offices worldwide, has filed for bankruptcy. Dirk Pehl was appointed as temporary insolvency administrator. However, business operations are to be continued unchanged.According to the press release on Friday, the company's approximately 400 employees were informed of the insolvency and the current status by the provisional insolvency administrator as well as by the Executive Board at a company meeting. According to the insolvency administrator, the wages and salaries are paid.Dirk Pehl will use the phase of provisional insolvency to gain an overview of the economic situation of the company and to examine restructuring options. "Touratech has already devised initial principles for a rehabilitation concept with its consultants before the application for insolvency," said Pehl after an initial survey.

"The first thing to do is to implement the restructuring that has begun and to develop opportunities to put the company on a healthy financial and economic footing to keep the location and jobs as much as possible."The reason for the insolvency is the late implementation of the new building, which was necessary due to increased demand. The associated difficulties with logistics and production as well as the considerable production and supply losses led eventually to insolvency.The extent to which insolvency leads to redundancies and further drastic savings is not yet foreseeable. A probable scenario, however, is that the company is concentrating on its core competency, self-development, production and distribution of accessories for a variety of motorcycles. The products, which have been abundantly bought over the past few years, are likely to disappear from the supply.During the Touratech Travel event in June, unrest among the employees was already felt. Even in the vicinity of Niedereschach, where Touratech is the most important employer, there were frequent financial difficulties. This is confirmed by the opening of the insolvency proceedings.

Offline Geotraveller

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Re: Touratech bankrupt?
« Reply #1 on: August 12, 2017, 06:46:34 AM »
Sad news but one wonders if their pricing did not have a little to do with it? Yes, good quality equipment but you could also buy a good second hand 125 bike for the price of a set of panniers.  :peepwall:
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Offline zebra - flying brick

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Re: Touratech bankrupt?
« Reply #2 on: August 12, 2017, 09:08:42 AM »
Does seem sad, since they did a lot for the development of Adventure riding (events, training, etc).

Here is SA there were very long lead times to get some accessories (given our geographic location, and Touratech having a lengthy shut-down every European summer!), and then the Rand/Euro did not help, either.

They also had interrupted supply for a long time whilst they changed production facilities, and I think this hurt their business too.

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Chris
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Offline michnus

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Re: Touratech bankrupt?
« Reply #3 on: August 12, 2017, 06:58:05 PM »
With the rescue plans they might get back from this. Like Howard from TR-Tec said, it is a pity as they were pretty much the pioneers of ADv stuff.
But their business model has never been favorable to distributors in other countries to build a dealer network. Also 70% of their catalogue is products they resell from other brands which is also not good. But because of their pricing, service and supply many other as good or even better brands came about.
 

Offline JMG

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Re: Touratech bankrupt?
« Reply #4 on: August 14, 2017, 04:50:06 PM »
I once ordered touratech brackets from gps4africa, (who went out of their way to help me) but when I called they told me I'd be lucky to get what I wanted and that they'll be insanely expensive. They did eventually arrive (at premium price) but back then I wondered how they survive. I say good riddance, there's plenty other companies that know how business works.

Offline meurig

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Re: Touratech bankrupt?
« Reply #5 on: August 15, 2017, 10:21:23 AM »
My perception of Touratech products is they are as good or maybe better than OEM but boy do you pay for them, not to mention their apparel which is so damn expensive.



Offline Geotraveller

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Re: Touratech bankrupt?
« Reply #6 on: August 15, 2017, 01:45:41 PM »
I have to agree Michnus, I looked at soft luggage pannier racks for the XT. Ridiculous prices but got one Groenie to make me a great set at a fifth of the price.
"No bike does everything perfectly. In fact, no bike does anything until someone gets on it to ride"

Offline MrBig

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Re: Touratech bankrupt?
« Reply #7 on: August 16, 2017, 09:54:25 AM »
Guess the (much hated) term "Pooratech" now has more than one meaning  :grin:

Offline Geotraveller

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Re: Touratech bankrupt?
« Reply #8 on: August 16, 2017, 09:58:03 AM »
Guess the (much hated) term "Pooratech" now has more than one meaning  :grin:

What are the Beemer Boys going to do now?
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Offline Pistonpete

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Re: Touratech bankrupt?
« Reply #9 on: August 16, 2017, 10:50:19 AM »
Are Wild at Heart still around?
Routine is the thief of time

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