Parent company of Rondo, NS and Creme files for bankruptcy
Polish 7Anna Group, the parent company of NS Bikes, Rondo, Octane One, and Creme Cycles, has filed for bankruptcy on 18 August.
In a statement published across social media, 7Anna Group founder and CEO Szymon Kobyliński stressed that the filing is a legal formality rather than a shutdown. He said the company continues to produce new models, provide service and warranty support, and sell bikes while in talks with potential investors.
In the statement, Kobyliński described the past three years as "brutal," listing the series of setbacks the company has faced, including the collapse of a major Western European distributor, delayed financing from banks, the bankruptcy of major supplier Sprick, a cyber fraud case, and a client who accepted a shipment of bikes but refused to pay.
"We couldn’t take so many blows at once and needed help and time to reorganise," he wrote, adding that management had twice raised additional funding in efforts to stabilise operations. Now, the bankruptcy process is aiming to secure the long-term future of the brands.
