Overview
- Polo Motorrad und Sportswear GmbH filed for self-administration insolvency at the Mönchengladbach local court on November 18.
- About 700 employees in Germany have their pay secured via insolvency benefits through the end of January 2026.
- Operations at the Jüchen site and all German branches continue for now, while the Swiss and Austrian entities are initially not included.
- A restructuring effort led by Prof. Dr. Volker Römermann is being developed, with CEO Andrew Thorndike citing strained consumer demand and a need to reduce debt.
- Roughly 90 stores are affected, the longer-term store network and jobs are uncertain, and the company previously underwent insolvency in 2011/2012 before an investor-backed turnaround.