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Originally Posted by unterhausen
I wonder if they had to assume any debt. I hope the timing was right that they have bikes to sell, anyone know?
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https://www.bicycleretailer.com/indu...apter%E2%80%99
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While the new owners said they would pause consumer direct sales — on the company website, consumer sales were turned off soon after the sale was completed on Friday. They also pledged to avoid deep discounts like the buy-one-get-one promotions Kona ran last year. But they said they expect to offer bikes at aggressive prices, especially in the short term as they work through excess inventory. But now, the sales will go through bike shops.
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Sounds like they have lots of bikes to sell (though the bikes they have to sell might not be the bikes people want).