Share

News

New Schwinn / GT owners confirmed

According to US trade site Bicycle Retailer, Pacific Cycle and Direct Fitness have closed their joint $151 million deal to purchase Schwinn / GT bikes and fitness.
Pacific have already announced plans to move the bike company offices from Boulder and California, to the decidedly less glamorous HQ in Wisconsin and Illinois, but it’s expected that 250 out of 300 employees will lose their job.
Pacific have left the 2002 line up largely unchanged, but the parts and accessories division has been dropped and the lines will in future feature fewer models and be centred below the $500 mark.
Talking to the UK end of Schwinn / GT there’s still some uncertainty but they’re planning a slightly delayed launch of 2002 bikes from both ranges early next year. We’ll keep you posted as to any developments as soon as they happen.

Share

Newsletter Terms & Conditions

Please enter your email so we can keep you updated with news, features and the latest offers. If you are not interested you can unsubscribe at any time. We will never sell your data and you'll only get messages from us and our partners whose products and services we think you'll enjoy.

Read our full Privacy Policy as well as Terms & Conditions.

production