The bike industry crisis

[oldcorollas]

"Kent is synonymous with outdoor sports and the pursuit of outdoor adventure," said Cook. "Focusing on the Company's profitable core business lines that provide the greatest promise for long-term growth will help right the ship and navigate the Company into calmer waters."

In connection with the investment of capital and the management team coming onboard, the Company performed a strategic review of its operating units and determined that it would continue to seek a buyer for its bike business, Kona. This move allows the Company to direct its resources toward investment in its key water sports businesses. The bike industry has faced very significant challenges in the post covid world and Kona has not been immune to these headwinds."

Kent Outdoors Announces $100 Million Credit Facility From Eclipse Business Capital to Support Growth Strategy

/PRNewswire/ -- Kent Outdoors ("Kent" or the "Company"), which has been helping people in their pursuit of outdoor adventures for more than 60 years, today...

www.prnewswire.com

 

[Jabubu]

I loved Kona bikes back in the 90s, those straight forks and splatter paint jobs were awesome. As were the sandpaper grey and neon orange colour schemes of Marin bikes.

 

[kiwiinmelb]

Any truth in the rumour giant aren’t looking too flash ?

 

[pink poodle]

Any truth in the rumour giant aren’t looking too flash ?

The world's biggest buke manufacturer? That wouldn't be good.

 

[fjohn860]

Any truth in the rumour giant aren’t looking too flash ?

Not looking too flash as when next to an actofive?

 

[ForkinGreat]

Not looking too flash as when next to an actofive?

Any indications that they hang together better than a Pole bike? as they are both CNCed and the halves bonded together, AFAIK.

 

[Jpez]

Any indications that they hang together better than a Pole bike? as they are both CNCed and the halves bonded together, AFAIK.

Pole sorted that issue and I believe Actofive use a slightly different method that keys the two halves together better. No tek screws needed.
I’ve not heard anythingabout A5 Frames failing but then again don’t spend a lot of time on the German forums.

 

[oldcorollas]

Any truth in the rumour giant aren’t looking too flash ?

Share price up 35% since January...
What are the rumours?

 

[Stredda]

Stages are down the gurgler too!

Stages has ceased operations and laid off all its staff, say reports, while UK consumers reassured that warranty claims will be covered

US power meter and indoor bike brand appears to be the latest victim in the cycling industry’s economic crisis

road.cc

 

[Sky_Collapsed]

doesn't surprise. for 2500 dollars on sale you might as well just get a concept 2 bike or a more cushy air bike.

or go ghetto and just get a 500 dollar spin bike.