Bicycling
fromBikerumor
2 days agoKnolly Bikes Announces Restructuring as Lender Consolidates and Calls in Account
Knolly Bikes enters restructuring after its bank RBC called in their account amid challenging cycling industry conditions.
The last few years have been the hardest this industry has ever seen, and Knolly has not been immune. But we have been fighting through it: restructuring costs, tightening operations, and doing the difficult work of right-sizing the business to match a new reality. We were making progress.