Van Moof goes POOF* | Bankrupt 2Pure owe Coros
We have temporarily paused sales to catch up on the production and delivery of existing orders.
It seems that you were all less impressed and didn’t buy as many as the company would have liked. They’re going bankrupt and have already filed for protection against creditors.
Let’s hope the company’s 700ish employees quickly find new gainful employment and/or that the company can get a significant investment.
Scottish distributor 2Pure went under several weeks ago. Now it’s come to light that they owe more than $1m (>£900). They only have assets of less than half of that. Ouch.
Creditors include Nuun, Paceline, Coros, Compressport and Columbia Sportswear. It remains to be seen if anything will be returned to creditors.
* https://en.wiktionary.org/wiki/poof: Onomatopoeia indicating a small explosion with a cloud of smoke; as caused by a deflating object,
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