YT Industries has undergone significant restructuring after the brand entered self-administration insolvency earlier this year. Markus Flossmann, founder and CEO, has announced that he is repurchasing the company after receiving offers during this process.
Flossmann shared an update regarding YT’s future, confirming his decision to buy back the brand. Unfortunately, during the transition period, the majority of employees from the former company have been laid off. A small team remains to handle customer inquiries and process existing orders.
Flossmann aims to finalize the transaction within the next four weeks, though the timeline depends on contract completion. The new entity will continue to operate under the YT Industries brand.
YT’s U.S. division remains fully operational and is unaffected by these changes. The American business operates separately from its German counterpart and remains financially solvent. No employees within the U.S. operation have been let go.
For customers awaiting orders, Flossmann assured that every order will either be fulfilled—if the bicycle is in stock—or refunded. To ensure this, he has personally invested substantial private capital. All pending orders are expected to be resolved within the next four to six weeks.
