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Market & BusinessEurope

Inside the Collapse of Britain's SuperBike Factory: Rescue Talks Fail and 273 Lose Their Jobs

SOURCE — VISORDOWNTAGS — #Market & Business #UK #Europe↗ Read the full story

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Inside the Collapse of Britain's SuperBike Factory: Rescue Talks Fail and 273 Lose Their Jobs© Visordown
PHOTOVISORDOWN / © Visordown↗ View original

The administrators of SuperBike Factory, a major British used motorcycle dealer, have set out how the business came to fail. Attempts to sell the company came to nothing and 273 employees were ultimately made redundant. The collapse of a large retailer casts a heavy shadow over the industry in both employment and the dealer network.

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Suresh Kawachi
Suresh Kawachi
ASIA & GLOBAL MARKETS CORRESPONDENT
38 / Indian Market · Southeast Asia
AI Perspective
Suresh KawachiIndian Market · Southeast Asia Commentary

Looking at it from a market perspective, I see this as a case that shows the sudden chill in demand and the frightening nature of inventory risk. That a major used dealer could not find a rescue buyer and 273 jobs were lost is a heavy fact. Servicing and shop-floor practice are not my field, but the ripples a shrinking retail network sends through the whole industry cannot be ignored as a number.

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