Business booming at Colnago since Abu Dhabi investment, bike brand states — with sales "more than tripled"

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Business booming at Colnago since Abu Dhabi investment

, bike brand states — with sales "more than tripled"

A graph charting the increase in sales was also included — which the brand says have"more than tripled in three years" since the historic Italian bike manufacturer was bought by Chimera Investments LLC, part of Abu Dhabi's Royal Group and Sheikh Tahnoon bin Zayed al-Nahyan's business empire. It also shows the increase in EBITDA since the takeover.

CEO Rosin said:"Our mission is to be the most desirable bicycle brand in the world. At this point, of course, we think we are on the right track. The brand was founded by Ernesto Colnago in 1952 in his home town of Cambiago, just to the north east of Milan, with the company's frames having triumphed in all of cycling's biggest races and been ridden by some of the biggest names in the sport, perhaps most famously, Eddy Merckx, and more recently Tadej Pogačar.In 2020, Chimera Investments bought a controlling stake in the business, the firm's 92-year-old founder maintaining a small stake in the business.

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