At the end of a week of to-ing and fro-ing about its future, hub gear legends
Sturmey Archer has been put into liquidation.After years of ticking along indestructibly on the nation’s, well the world’s,
shopping and utility bikes the 3 speed stalwarts are no more. The
freehold on the company’s Nottingham base was sold by owners Derby, under heavy industry
criticism that the resulting profits were absorbed elsewhere into the parent company
rather than being re-invested in Sturmey which had remained profitable throughout. New owners Lenark will not be investing any more
money into the company and the firm will be liquidated as of Monday, with
rumours of a DTI inquiry to match.The full, real gripping intrigue and possible scandal, version of events is on
www.Bikebiz.com
Sturmey Archer has been put into liquidation.After years of ticking along indestructibly on the nation’s, well the world’s,
shopping and utility bikes the 3 speed stalwarts are no more. The
freehold on the company’s Nottingham base was sold by owners Derby, under heavy industry
criticism that the resulting profits were absorbed elsewhere into the parent company
rather than being re-invested in Sturmey which had remained profitable throughout. New owners Lenark will not be investing any more
money into the company and the firm will be liquidated as of Monday, with
rumours of a DTI inquiry to match.The full, real gripping intrigue and possible scandal, version of events is on
www.Bikebiz.com
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