Tag: cannondale

Be reminded that some models really give high value to the value of vintage Schwinn bicycles, so even if their condition is not as good, you could still get a good bargain. Marc Muller, a young new Schwinn engineer, was given the responsibility to head up the project. The Paramount operations were moved to Waterford,… Continue reading Owner of Gazelle bikes buys Cannondale, Schwinn for $810 million

Crucially, Schwinn also failed to successfully break into the newly emerging markets of BMX and mountain biking in the mid/late 1970s. In both cases, Schwinn was initially dismissive of the new disciplines, before abruptly U-turning when they realized how popular they schwinn beach cruiser were – by which time it was already too late. Ignaz… Continue reading Owner of Gazelle bikes buys Cannondale, Schwinn for $810 million

While the Paramount still sold in limited numbers to this market, the model’s customer base began to age, changing from primarily bike racers to older, wealthier riders looking for the ultimate bicycle. Schwinn sold an impressive 1.5 million bicycles in 1974, but would pay the price for failing to keep up with new developments in… Continue reading Owner of Gazelle bikes buys Cannondale, Schwinn for $810 million