Conference noted::bicycle

    It also made CNN Headline News. The article said that the
    problem was because most of the bikes sold in this country
    are sold by department stores.
    
    which is undoubtedly true, regardless of what we might think of
    DS bikes.
    
    ed

    
    Would all this mean that the price on the existing bikes in the 
    shops would be reduced since they will be discountinued. 
    There is a motor cycle shop in Manchester, that also has Schwinn 
    bikes, a couple of racing models are Ultegra  equipted. 
    
    Shaw
    

    Chap 11 does not necessarily mean that anything will be discontinued.
    I thought Nault's bicycle shop was totally separate from Nault's
    Mortorcycles.  I've certainly never seen any of the motos in the
    bike shop.
    
    ed

When I talked to the Diamond Back Rep last week. He indicated that Schwinn was
in bad shape and they might even think about selling them in Sears. Most of the
Sales Rep. are attacking the Schhwinn dealers to get there line in the shop as
Schwinn fades. This is kind of sad considering My first 3 bikes was a Schwinn. 

Dave

There goes the Life Time Warrantee!

    .3
    
    The one I was referring to is Cyclewold on 28 bypass off exit 5 I-93.
    
    They carry motorcycles and bicycles, they even got two names for 
    shop, Cylcworld and bicycleworld on two difference signs. 
    
    Shaw

    Aaargh!   There goes my lifetime warrentee on my Paramount frame!
    Too bad, because I love my Paramount Series 3 road bike.  It really is
    a quality machine and well worth the money.

    BTW - I wonder if this means that their Paramount Design Group will
    dissolve?  I wonder how closely they are tied to the Schwinn parent
    company.  I know their handmade frames are pretty well respected.

    -Buddy

    I imagine that, if Schwinn totally folds, it will be good news to
    their established franchisees.  They will have an established client
    base and will be free from paying Schwinn for the franchise.
    
    It all depends on whether they go "belly-up" or not, I suppose.  
    I doubt that those franchise payments can be considered receivables 
    when the assets are liquidated.
    
    There are many "independent" shops around who can offer you a wider 
    range of bikes.  You don't have to wonder why they are pushing a 
    particular line.  Of course, you still run into it when the
    "independents" enter an exclusive agreement with a manufacturer.
    Usually, you just have to look around the shop in order to tell
    who the deal is with ; )
    
    
    

    We were at Naults last week and asked him about the Chapter 11.
    We were told that Schwinn merged with a Japaneese bike company
    (can't remember the name, think it might begin with a T) and
    that they had filed Chapter 11 while the two companies put
    the new organization together.  Naults will continue to stock
    the bikes.

    SCHWINN SALE: Schwinn Bicycle, in bankruptcy-court protection since
    October, was bought Wednesday by Scott Sports Group.  Scott Sports, a
    division of theZell Chilmark Fund, paid $41 million for Schwinn.  The
    bid by Scott, which makes ski poles and markets Asian made bicycles in
    Europe, was chosen over a $58 million bid by Dore Enterprises -- which
    didn't include taking on Scwinn's debts.  Ralph Murray was named 
    President, replacing Edward Schwinn, great grandson of the founder of
    the 98 year old bike maker.  Zell Chilmark says Scwinn wont be merged
    with Scott.