YT Industries has failed to find a new investor so has shipped its staff, the YT Mob looks unlikely to continue next year and Markus Flossman will attempt to buy his brand back.
The Wideopenmag team would like to take the opportunity to thanks all the pals we made at YT Industries who made some wicked bikes and were always good to us. It’s shite news… Hopefully you all find new gigs that can allow you to continue your excellent work.
YT Industries have done away with all but a skeleton crew to manage customer service whilst Markus Flossman tries to buy his brand back from the brink. What this means for Vali, Andi and Oisin at the YT Mob, let alone the team staff is anyone’s guess but fair to say that the team won’t see 2026. Vali to her pals at Commencal/Les Orres? Andi back to Atherton? Where would Oisin go? Norco perhaps?
Here’s the skinny from YT Industries founder, Markus Flossman:
“YT Industries’ main shareholder (PE investor) announced at the beginning of July that they would no longer finance the company, which forced us to file for self-administration insolvency. That gave us three months to find a new investor. Unfortunately, the offers we received were an absolute joke and not worth considering. That’s why I decided to buy the company back myself.
The creditors’ committee has already approved my offer, and we are now in the process of finalizing the contracts in order to relaunch the business under the new setup. As you can imagine, this is anything but a small undertaking, both financially and in terms of effort.
To ensure that no work is performed by employees that the old company would no longer be able to pay for, the majority of the staff has been released during this transition period. A small team remains in place to answer customer inquiries and process orders. We hope to conclude the negotiations as quickly as possible to minimize the impact on our customers.
It’s important to note that this only concerns YT Industries GmbH in Germany. Our U.S. subsidiary is not affected, business there continues as usual, and there are no restrictions.“
