Kona Bicycles bought back by founders, month after mass job cuts as former parent company abandoned struggling bike industry

  • 📰 roadcc
  • ⏱ Reading Time:
  • 63 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 71%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Kona Bicycles bought back by founders

, month after mass job cuts as former parent company abandoned struggling bike industry

But this week, in a statement announcing their return to Kona, and with it the company’s effective rebirth, Gerhard and Heilbron said they are reuniting with a team of “dedicated, experienced” Kona employees to bring the company “back to basics”. To best honour our dealer relationships, we are pausing D2C for all bikes. Konaworld.com will show changes to reflect this, and our social and communications channels will be getting reworked as well once we get things rolling. Bear with us, and we will keep you informed as we move through this transition.

As noted above, Gerhard and Heilbron’s decision to buy Kona back after two years away comes after Kent Outdoors, following a “strategic review” of its business, chose to abandon a bike industry which it believes will take another two years to fully recover from the challenges that have wreaked havoc on it in the post-Covid period.

However, Scott Taylor, the owner of Lancashire-based distributor Mount Green Cycles – who continued to import and distribute Kona bikes into the UK market despite the winding down reports – instead pinned the blame for the manufacturer’s troubles on Kent Outdoors’ policies and decisions, and not Kona’s bike sales or the cycling market in general.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 21. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kona Bicycles winding down and up for sale as parent company abandons struggling bike marketKona Bicycles winding down and up for sale
Source: roadcc - 🏆 21. / 71 Read more »

Life Cycles auction: High-end bicycles, parts and kit to be auctioned off after Leeds company goes underHigh end cycles, parts and specialist cycling kit valued at close to half a million pounds are to go under the hammer following the collapse of a Leeds bike shop.
Source: LeedsNews - 🏆 48. / 63 Read more »