AngoXC
Wheel size expert
Marzocchi Facing Financial Troubles, May Close
According to an Italian Newspaper, Tenneco-Marzocchi is facing some major financial burdens. Tenneco absorbed Marzocchi three years ago.
The FIOM-CGOL trade union stated that a recent management meeting arrived at the conclusion to "sell or close" the mountain bike portion of Marzocchi. The newspaper wrote that the business has lost over $22 million in the past three years and the future is uncertain at this time.
It would certainly be a big loss to see one of the industry's most iconic brands disappear.
We've contacted Marzocchi and are waiting for an official comment.
Original Link
Apologies if this has already been posted.
According to an Italian Newspaper, Tenneco-Marzocchi is facing some major financial burdens. Tenneco absorbed Marzocchi three years ago.
The FIOM-CGOL trade union stated that a recent management meeting arrived at the conclusion to "sell or close" the mountain bike portion of Marzocchi. The newspaper wrote that the business has lost over $22 million in the past three years and the future is uncertain at this time.
It would certainly be a big loss to see one of the industry's most iconic brands disappear.
We've contacted Marzocchi and are waiting for an official comment.
Original Link
Apologies if this has already been posted.
