The turbulence in trade continues! Now the sports giant Lindpointner GmbH from Leonding (Upper Austria), an online retailer of sports equipment, has had to file for bankruptcy. According to Creditreform, the debt will probably amount to around two million euros.
“Our store is temporarily unavailable due to maintenance work. We ask you to apologize for the inconvenience and to renew your visit later. We will be back soon” – that is what visitors to the website of sports giant Lindpointner GmbH from Leonding read.
However, it is questionable whether the online shop will ever return here. Because: The company, founded in 2000, filed for bankruptcy on Tuesday, reports the Austrian association Creditreform.
The sports giant Lindpointner GmbH focused exclusively on online trade and did not operate a store. What are the reasons for the financial problems? According to Creditreform, the general economic problems of the sporting goods trade, caused by the cooling of customer interest, are mentioned.
The company, located in Leonding, will continue to exist for the time being, but it is apparently intended to be sold. The debts amount to approximately two million euros. In addition to two employees, 65 creditors are affected by the bankruptcy.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
