The lucrative bankruptcy of a sporting goods wholesaler worth millions

GTS Sports is a company founded by Peter Gerhofer, a former professional skier, and his wife Anna Malmqvist. Peter’s expertise in sports and Anna’s Scandinavian design sense combine to create sports textiles that are both functional and aesthetically pleasing. The company’s vision of high-quality and performance-oriented sportswear stems from Peter’s background in competitive skiing and their shared passion for outdoor activities.

Over the years, GTS Sports has become an established outdoor brand known for its quality, functionality, and design. The team of designers and product managers work together to develop products that cater to the needs of athletes worldwide. The company’s commitment to innovative and functional sportswear is a reflection of their experience and passion for the industry.

Recently, GTS Sports faced financial difficulties, leading to a restructuring procedure without self-administration. The increase in sales due to the pandemic, coupled with higher running costs and a decrease in consumer demand during the war in Ukraine, contributed to the company’s financial challenges. Despite these setbacks, GTS Sports continues to work on its upcoming collections and hopes to improve its financial situation through the restructuring plan.

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