Tag: Tragic

  Hövding, the innovative Swedish company renowned for its futuristic inflatable bike helmets, found itself in dire straits as it filed for bankruptcy at the close of 2023. In a statement posted to its website, the board of Hövding Sverige AB announced that it had submitted a bankruptcy application on 21 December 2023 to the Malmö district court. “The reason for the bankruptcy filing is that on 1 November 2023, the Swedish Consumer Agency imposed a temporary sales freeze on the company and then on 15 December 2023 announced a permanent sales freeze and recall for the product Hövding 3,” the statement read. image credit: hovding Hövding Launched Appeal Hövding, which disagreed with the Consumer Agency’s decision, launched an appeal…