Posts Tagged ‘Colnago’
World News Briefs – September 2024
Mixed Financial Results for Global Bike Companies Everyone in the Australian bicycle industry knows that times have been tough for over two years now since the end of the covid boom. But exactly how tough has it been on a global scale? We don’t often report upon the financial results of global bicycle companies, but…
Colnago, Italy’s Iconic Brand, Sold to Abu Dhabi Investment Fund
Abu Dhabi fund, Chimera Investments LLC, has announced the acquisition of the majority of Colnago’s shares. In their statement, the fund, which is headed by Dubai’s royal family and also owns the UAE Emirates Team World Tour pro cycling team that is equipped with Colnago bikes, publicly thanked “Ernesto Colnago, master of the design and…