Owner Of Gazelle Bikes Buys Cannondale, Schwinn For $810 Million

By the late 1970s, a new bicycle sport begun by enthusiasts in Northern California had grown into a new type of all-terrain bicycle, the mountain bike. Mountain bikes were originally based on Schwinn balloon-tired cruiser bicycles fitted with derailleur gears and called “Klunkers”. A few participants began designing and building small numbers of mountain bikes… Continue reading Owner Of Gazelle Bikes Buys Cannondale, Schwinn For $810 Million

Owner Of Gazelle Bikes Buys Cannondale, Schwinn For $810 Million

The first unmistakable sign that the troubles might be spinning out of control came in the spring, when word leaked of an unsuccessful attempt to sell a controlling stake to outside investors. Paramount earns Schwinn the kind of respect from bicycle enthusiasts that auto companies get from supporting racing cars, but bankers see it as… Continue reading Owner Of Gazelle Bikes Buys Cannondale, Schwinn For $810 Million

Owner Of Gazelle Bikes Buys Cannondale, Schwinn For $810 Million

The new company produced a series of well-regarded mountain bikes bearing the Schwinn name, called the Homegrown series. In 1993, Richard Schwinn, great-grandson of Ignaz Schwinn, with business partner Marc Muller, purchased the Schwinn Paramount plant in Waterford, Wisconsin, where Paramounts were built since 1980. Both Trek and Schwinn make good bicycles, but they’re suitable… Continue reading Owner Of Gazelle Bikes Buys Cannondale, Schwinn For $810 Million

Owner Of Gazelle Bikes Buys Cannondale, Schwinn For $810 Million

The price of an old Schwinn bicycle depends on how rare the model is and how well preserved it is. For example, a beat-up Schwinn bike that requires extensive restoration can only be worth $50. But a rare model in good condition, such as the 1920 Schwinn Excelsior, can retail for as much as $1,000.… Continue reading Owner Of Gazelle Bikes Buys Cannondale, Schwinn For $810 Million