The Italian press is reporting Benelli is bankrupt, sort of.
According to this site, Benelli has been declared bankrupt by a judge after losing a court case to WP Suspension. Benelli owed WP over
Benelli supposedly ran a5.7-million deficit in 2015, and 800,000 deficit the year before, although they had supposedly turned the corner towards profitability this year. The company is no longer Italian-owned — the
What’s next? Reportedly, the case is headed to appeal. It’s hard to imagine Benelli’s deep-pocketed Chinese owners scrapping their investment, especially after they made the effort of putting up such a showing at EICMA. They are telling people they intend to pay their debts, and have even started to do so. The whole affair, while straightforward on the surface, would undoubtedly be very interesting if one peeled back a layer or two.
File this in the same area as Buell and Bimota. Hmm, a coincidence they all start with the letter “B”…or is it?