kingrollo
Guru
Seems stages are the latest cycling company to go bump
https://www.cyclingnews.com/news/st...ns-and-lays-off-entire-staff-report-suggests/
https://www.cyclingnews.com/news/st...ns-and-lays-off-entire-staff-report-suggests/
Yeah, just seen this on Hambini's latest video. Also looks like Kona are in the sh*t (which is a real shame IMO) and doubts are being cast on a lot of other big names..
The massive downside of the cycling boom. Retailers run by people who were themselves cyclists who understood their customers needs being swallowed up by asset striping gamblers who couldn't care less what wreckage they left behind.Maybe a move back to lower profits and no satisfying venture capitalists, which can only be a good thing imo.
That's great news - didn't see that coming!Kona's been bought back by their original founders - https://road.cc/content/news/kona-bicycles-bought-back-founders-308457
Maybe a move back to lower profits and no satisfying venture capitalists, which can only be a good thing imo.
Totally agree about the vulture capitalists, however the fact it got to the point where they bailed only two years after buying it speaks volumes about their investment savvy... plus it's potentially a coup for the founders - proper pump and dump; sell high riding the coat tails of transient post-covid sentiment, watch it all burn, buy it back for a fraction of what the buyer paid and carry onThe massive downside of the cycling boom. Retailers run by people who were themselves cyclists who understood their customers needs being swallowed up by asset striping gamblers who couldn't care less what wreckage they left behind.