The German rim manufacturer files for bankruptcy
BBS is insolvent.
BBS is a German rim manufacturer that has been operating on the market for over 50 years. Over such a long time, it has gained considerable popularity by producing non-standard rims. It has just announced that rapidly rising energy costs and a constant decline in orders have pushed it into insolvency. As a result, the company’s representatives were forced to file for bankruptcy. It is worth adding that this is the fourth application submitted by this company in sixteen years. Previous applications were submitted in 2007, 2011 and 2020.