Iron Horse container seized - BikeBiz

Iron Horse container seized

Genesis Forwarding Agents now in possession of goods
Author:
Publish date:
198_Picture 1.jpg

Jim Walker & co has this morning told BikeBiz that a container of Iron Horse bicycles has been siezed by forwarding agents Genesis.

It is believed that the firm has intercepted the shipment as a result of the monies thought to be owed to them by the Iron Horse company in America. However, the UK distributor has warned that they believe that Genesis may not be entitled to sell this container and that dealers should be on their guard.

It is also understood that the manufacturing factory for the items in the container is, as yet, unpaid and that the Ironhorse company itself is still in Chapter 11 proceedings in the US and accordingly, may have a claim to the title to these goods.

Accordingly, Jim Walker & Co advises any dealers/distributors who have been contacted about purchasing this container to check the legal position carefully with advisers before proceeding with the purchase of any bikes.

Naturally, Jim Walker & Co will not be able to offer any service or back-up for items purchased from Genesis.

Featured Jobs

the cycle hub

Workshop Manager

The Cycle Hub I Dubai, United Arab Emirates I Competitive Package & Bonus I Date Published Wednesday 3rd October 2018

jc cook bike promo

Mechanic/Sales Assistant

JC Cook I Grimsby/Scunthorpe I Salary: 20k Plus Commission I Date Published Tuesday 16th October 2018