Posts Tagged ‘Dorel’
Letter from America: Who Is This New Bike Market Dominator?
Santa Fe, New Mexico, USA It’s fair to say Pon Holdings BV’s decision to snap up Dorel’s bike biz sent a risible ripple through the executive ranks at major brands – Trek, Specialized, Giant, Accell and a few others. What could this audacious US$810 million (A$1.089 billion) move by a Dutch conglomerate mean for future…
Booming Share Price Prevents Dorel Going Private
As we reported previously in the bottom section of an article here, Canadian based Dorel owner of major bike brands including Cannondale, GT, Mongoose and Schwinn was set to revert to private ownership. However Dorel has now cancelled its proposed bid to take the company private following a backlash from a significant portion of the…