Cargo bike maker Fietsfabriek is bankrupt

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Amsterdam bicycle company De Fietsfabriek, which helped make cargo bikes the hip way to transport children, has been declared bankrupt.


The company has debts of over €1m and has been hit by falling sales, local tv station AT5 said.
However, according to the official receivers a number of potential buyers have come forward and there is good hope the company will be able to restart.

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