• Sat. Mar 2nd, 2024

Despite Financial Struggles, Antero GmbH to Continue Operations with Restructuring Plan Application

ByEditor

Feb 13, 2024
Famous ski and snowboard manufacturer files for bankruptcy

In the midst of financial challenges, Antero GmbH, a company founded in 2009 with the goal of producing premium-class ski and snowboard products, has announced its intention to continue operations. Despite being heavily indebted due to the pandemic’s impact on retail sales figures, the company intends to use its existing raw materials and clarify whether it can meet the financial and organizational requirements for a restructuring plan application.

Antero GmbH originally had 15 employees but is now down to just three. Its online platform offers individual snowboards, winter sports items, textiles, a community, entertainment features, and current information for fans of the board sports scene. The company also caters to companies that produce individual small series for special occasions.

The debtor’s liabilities amount to 2.274 million euros, with around 600,000 euros relating to profit participation rights. Bankruptcy proceedings have been opened at the Klagenfurt Regional Court over the company’s assets. Despite this setback, Antero GmbH remains committed to continuing operations in order to make the best possible use of its resources and explore restructuring options.

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