Tour de France supplier Mavic placed in receivership

Mavic Neutral Support Bikes
(Image credit: Future)

Bicycle wheel manufacturer Mavic has been placed in receivership, according to a report in the Agence France-Presse (AFP) on Thursday. The French unions have demanded accountability from former parent company Salomon and its main shareholder Amer Sports after the company was sold in 2018.

"The Grenoble commercial court declared us in receivership on May 2, with an observation period of six months," Gérard Meunier, secretary of the Social and Economic Committee (CSE), told AFP.

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