"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 market reality."
"Knolly is, and has always been, a smaller, 'shore-born' core mountain bike brand, crafting a range of durable, hard-charging bikes and building a loyal following."
Knolly Bikes, a smaller mountain bike brand known for durable hard-charging bikes and loyal customer base, is navigating restructuring after RBC called in their account. Founder and CEO Noel Buckley states the company has been working to adapt through cost restructuring, tightened operations, and right-sizing the business. Buckley is evaluating restructuring options while prioritizing staff and customer needs. He expresses optimism about finding a path forward and notes the brand has new models in development. Knolly joins other cycling brands facing financial challenges during an industry downturn.
Read at Bikerumor
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