Heristo Family Office Saves German Bicycle Manufacturer Möve Bikes

Heristo Family Office Saves German Bicycle Manufacturer Möve Bikes

German e-bicycle manufacturer Moeve Bikes filed for insolvency in the beginning of the year. Now, the German Heristo Family Office saved the firm. Heristo is a family-run holding that is mainly focused on brands in the food sectur, like the meat processing firm Stockmeyer or the processed food group Appel fine food. Heristo is based in Bad Rothenfelde, Germany. Behind the Heristo Holding and Heristo Family office stands the Risken family.

Through the investment in Möve Bikes the German single family office Heristo secures workplaces and the further fulfilment of orders. For Heristo, its the first investment outside the food sector.

Source: Sazbikes, 24.05.2021
Picture Source: Murillo de Paula

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