QUEBEC, Canada - Long standing bicycle manufacturer Rocky Mountain Bicycles has filed for Chapter 11 status to restructure the company. The company will continue its operations in full during its self-initiated restructuring process under the Companies' Creditors Arrangement Act (CCAA), reports the Canadian new service Cision's Newswire.

POZZOLEONO, Italy - To align the company's global OEM strategy, Selle Royal Group has decided to invest significantly in the North American market. To ensure successful expansion and better meet the needs of region, which is key to the group, it has appointed two dedicated OE sales managers already part of the Selle Royal Group team as territory managers for Highway 2: Chris Ballard and Patrick Gore.

FERNDALE, Canada - Founders Dan Gerhard and Jake Heilbron have purchased Kona Bikes back from Kent Outdoors, along with a team of dedicated, experienced Kona employees. Kent Outdoors had been looking for a new owner for some time and handed over the company back to the former owners for an undisclosed amount.

PARK CITY, USA - Only two and a half year after the three founders sold Kona Bicycles to Kent Outdoors, the new owner has put the iconic Canadian bicycle brand up for sale. Due to drastic market changes since early 2022, Kona, like so many other bicycle brands, could not live up to the high expectations set for the future cycling market.

LYNGE, Denmark - Since January 1st, 2023, all Argon 18 bikes destined for the European market have been assembled at the company's European headquarters in Denmark. The Canadian brand is also broadening its retail network by offering direct to retail sales in the UK. Other European markets are expected to follow.

SAINT-GEORGES, Canada - Rocky Mountain has vertically integrated the distribution in the Northern European region with the takeover of BikeAction. For more than 30 years BikeAction represented Rocky Mountain. According to BikeAction owner Christoph Goebel, his transition into retirement was the main reason for the take-over.