Kneissl

Kneissl is a manufacturer of handmade skis, biking and tennis equipment and apparel, based in Kufstein, Tyrol, Austria.

In February 1989, BREG Gesellschaft für Bau und Revitalisierung, belonging to Hans Peter Haselsteiner and Erhard Grossnigg and Reinfried Spazier, took a majority stake.

[3] In 1995, Kneissl joined with Switzerland Raichle and integrated the Dynafit, Dee Luxe and Marker brands.

[5] In 2008, Sheikh Mohamed Bin Issa Al Jaber took a controlling stake in Kneissl through his JJW Hotels & Resorts group.

[10] After Mohamed Bin Issa Al Jaber had delayed a €1,2 million investment,[11] former shareholder Fritz Unterberger requested (January 3, 2011) that bankruptcy proceedings be initiated for Kneissl.

[12] Other litigation erupted with fashion label Susan Strasser and football club FC Wacker Innsbruck.

[13] Despite ongoing reports on financial difficulties, the CEO stood by the 25 million euros hotel project in Stockenboi.

[17] In his initial statement, Gebauer spoke of a legal claim against Sheikh Al Jaber, for not respecting his capital injection engagements, he was responsible of the situation.

[23] However, Friends of Sport delayed the payment[24] Eventually, sheikh Al Jaber bade €1.98 million and took back control of the company, offering creditors a 20% rate.