Iconic wheel brand Mavic placed in receivership

Representatives say they will still seek a buyer

(Image credit: Corbis via Getty Images)

Wheel specialist Mavic has been placed into receivership by a commercial court, according to Agence France-Presse (AFP).

French unions have reportedly asked for accountability from former parent company Salomon - and its primary shareholder, Finnish company Amer Sports.

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Michelle Arthurs-Brennan