Austrian ski maker Kneissl filed for bankruptcy again Feb. 8 after a Saudi investor did not meet a court deadline to inject more capital into the company, according to several media reports.
It marks the second time since 2003 that the company has filed for bankruptcy. Kneissl listed €23.3 million in debts. The company is credited with being the first company in the late 1990s to market skis with curved edges to make turning easier.
Kneissl filed bankruptcy in 2003 after acquiring Raichle, Dynafit and Marker and has since change ownership several times. Mammut now owns Raichle, Salewa owns Dynafit and Amer Sports now owns Marker.
Saudi investor Mohamed al-Jaber announced last week he will invest another €1.2 million in Kneissl one a bankruptcy plan is worked out with creditors.
