This ad will be closed automatically in X seconds.

Recaro Child Safety to close after 20 years

Transport seating expert Recaro has announced that it will be closing down the Child Safety division of its company, which manufactures children’s car seats and strollers.

Business operations for Recaro Child Safety will end on 31 July 2018, although products will continue to be sold until 31 December 2018.

Poor sales and an intensely competitive market forced the business to make the difficult decision to close the division, exactly 20 years after its first infant car seat was launched to the market. Although the company made a number of cost-cutting measures last year, these were not enough to compensate for the downturn in business.

‘This was a tough decision to make, but had become unavoidable due to the ongoing loss situation,” explained managing director Ralf Kinderman. “We will do our utmost to ensure that the cessation of operations is fair and orderly, and we have the full support of Recaro Holding in this regard. At the same time, we are of course open for discussions with investors who may be interested in parts of the operation.”
Recaro has said that it will honour consumers’ warranties until the end of 2019.
MORE NEWS
SylvFam500x500
 
Brand underlines evergreen status as it sees "impressive" YOY growth in a challenging market....
SpotSR500x500
 
Penguin Ventures and Comic Relief reveal charity collaboration for 2020....
preschool500
 
Independent retail finalists confirmed for PPS Awards 2019...
Bingplates500x500
 
Company heralds new licensees, renewals and successful toy launch for preschool brand....
dorel500
 
Marketing manager Debbie Wakefield shares a what's in store at Kind und Jugend this weekend. ...
jmda500
 
Specialist car seat design company offers a consumer solution for retailers....
Get the latest news sent to your inbox
Subscribe to our daily newsletter