Sport Day 888
No Result
View All Result
  • Home
  • Football
  • Baseball
  • Basketball
  • NFL
  • NBA
  • Tennis
  • Boxing
  • Cricket
  • Racing
  • Golf
  • Athletics
  • MMA
  • UFC
  • F 1
  • Cycling
  • Home
  • Football
  • Baseball
  • Basketball
  • NFL
  • NBA
  • Tennis
  • Boxing
  • Cricket
  • Racing
  • Golf
  • Athletics
  • MMA
  • UFC
  • F 1
  • Cycling
No Result
View All Result
Sport Day 888
No Result
View All Result

Rocky Mountain Bicycles Files for Pandemic-Fueled Business Restructure

December 23, 2024
in Cycling
Reading Time: 4 mins read
0 0
A A
0
Home Cycling

Share on FacebookShare on Twitter


Assist us! Bikerumor might earn a small fee from affiliate hyperlinks on this article. Be taught Extra

I suppose I’m the Harvester of Sorrow this week. First the GT Bicycles story, and right now, I convey the information that Rocky Mountain Bicycles has utilized for restructuring. The 40+-year-old Canadian bicycle firm utilized with the Superior Courtroom of Québec for defense beneath the Firms’ Collectors Association Act (CCAA).

(Pictures / Rocky Mountain Bicycles)

The press launch says that it was the pandemic that began Rocky Mountain down this path because the model struggled to safe provides attributable to shortages and rising prices. After which post-pandemic, Rocky Mountain needed to take care of a pointy drop in promoting costs.

Rocky Mountain Restucturing snowRocky Mountain Restucturing snow

With margins tightening, it put Rocky Mountain beneath a sort of monetary stress they weren’t ready for. So, feeling that their selections have been restricted, they initiated the restructuring process. They launched the Gross sales and Funding Solicitation Course of (SISP). This may assist them turn into a “resilient and profitable, long-term enterprise”.

Given the variety of bike manufacturers that appear to be in hassle just lately, it’s not shocking to listen to of one other that’s going through monetary uncertainty. However it’s a shock to listen to that may be a firm as massive and as iconic as Rocky Mountain. We’re hoping the restructuring works out for everybody in the long run!

Rocky Mountain Restucturing trailRocky Mountain Restucturing trail

From the Press Launch

SAINT-GEORGES, QC, Dec. 19, 2024 /CNW/ – RAD Industries Inc. (the “Firm” or “Rocky Mountain“) introduced right now that it has filed an utility with the Superior Courtroom of Québec (Industrial Division) (the “Courtroom“) for Courtroom safety beneath the Firms’ Collectors Association Act (‘CCAA‘).

Regardless of sturdy demand for its bikes in the course of the pandemic, the Firm struggled to safe provides attributable to shortages and rising prices. As soon as the pandemic was over, the Firm needed to take care of a pointy drop in promoting costs.

In consequence, margins have tightened, placing unprecedented monetary stress on the Firm. Rocky Mountain has no selection however to provoke restructuring procedures to launch the Gross sales and Funding Solicitation Course of (SISP) to turn into a resilient and profitable long-term enterprise. 

By endeavor a restructuring course of beneath the CCAA, the Firm will be capable to keep away from enterprise interruption as a lot as potential and scale back the ensuing impacts of the present state of affairs. The Firm will ask the Courtroom to nominate Ernst & Younger to behave as Monitor beneath the CCAA. Lavery de Billy is performing as Authorized Counsel to the Firm.

Bikes.com



Source link

Tags: BicyclesBusinessFilesMountainPandemicFueledRestructureRocky
Previous Post

4 absent as 26-man squad trains for Tottenham – Latest Liverpool FC News – Liverpool FC

Next Post

Ravichandran Ashwin’s wife Prithi writes ‘a love letter from a fan girl’ for her husband after his retirement

Related Posts

New Outside Thingy About New Chain-Moving Thingy! – Bike Snob NYC
Cycling

New Outside Thingy About New Chain-Moving Thingy! – Bike Snob NYC

July 26, 2025
5 Bag Makers Adopt Old Man Mountain’s FLiP QR Cage & Bag Mount
Cycling

5 Bag Makers Adopt Old Man Mountain’s FLiP QR Cage & Bag Mount

July 25, 2025
Transportation Commission says state can move forward with I-5 Rose Quarter project – BikePortland
Cycling

Transportation Commission says state can move forward with I-5 Rose Quarter project – BikePortland

July 25, 2025
Sunday Parkways, Naked Ride, immigrant solidarity, and more – BikePortland
Cycling

Sunday Parkways, Naked Ride, immigrant solidarity, and more – BikePortland

July 26, 2025
Yanking Your Chain – Bike Snob NYC
Cycling

Yanking Your Chain – Bike Snob NYC

July 24, 2025
Rotor Lightens Up w/ New Universal Direct Mount 2x Chainrings
Cycling

Rotor Lightens Up w/ New Universal Direct Mount 2x Chainrings

July 24, 2025
Next Post
Ravichandran Ashwin’s wife Prithi writes ‘a love letter from a fan girl’ for her husband after his retirement

Ravichandran Ashwin's wife Prithi writes 'a love letter from a fan girl' for her husband after his retirement

Pakistan Cricket Board set to hold PSL draft on January 11 in Gwadar

Pakistan Cricket Board set to hold PSL draft on January 11 in Gwadar

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Joe Mazzulla provides new information regarding Kristaps Porzingis’ illness

Joe Mazzulla provides new information regarding Kristaps Porzingis’ illness

May 6, 2025
Canada’s NBA MVPs: Shai Gilgeous-Alexander and Steve Nash

Canada’s NBA MVPs: Shai Gilgeous-Alexander and Steve Nash

June 19, 2025
Reese Hamilton – 2025 NHL Draft Prospect Profile – The Hockey Writers – NHL Entry Draft

Reese Hamilton – 2025 NHL Draft Prospect Profile – The Hockey Writers – NHL Entry Draft

June 17, 2025
All-New Addict RC is Scott’s Lightest Road Bike Ever, From Under 5.9kg!

All-New Addict RC is Scott’s Lightest Road Bike Ever, From Under 5.9kg!

November 27, 2024

Serie A: Cagliari vs Hellas Verona – Confirmed line-ups and live updates

December 4, 2024
3SSB Texas: 2027 Standouts!

3SSB Texas: 2027 Standouts!

May 5, 2025
Yankees have little to count on and much to prove without Aaron Judge

Yankees have little to count on and much to prove without Aaron Judge

July 26, 2025
FRC vs MXC Dream11 Prediction Today Match 9 Malaysia T10 Bash 2025

FRC vs MXC Dream11 Prediction Today Match 9 Malaysia T10 Bash 2025

July 26, 2025
“Petr Yan vs. The Winner Of Merab/Sandhagen. Book It” – Fans & Fighters React To Petr Yan’s Callout After Defeating Marcus McGhee At UFC Abu Dhabi

“Petr Yan vs. The Winner Of Merab/Sandhagen. Book It” – Fans & Fighters React To Petr Yan’s Callout After Defeating Marcus McGhee At UFC Abu Dhabi

July 26, 2025
Who’s College Basketball’s Best In 2026?

Who’s College Basketball’s Best In 2026?

July 27, 2025
PSG ready to sell long-term Manchester United target – Man United News And Transfer News

PSG ready to sell long-term Manchester United target – Man United News And Transfer News

July 26, 2025
Lando Norris praises Scottie Scheffler after The Open winner’s ‘unfulfilled’ comment

Lando Norris praises Scottie Scheffler after The Open winner’s ‘unfulfilled’ comment

July 26, 2025

Facebook Twitter Instagram Youtube RSS
Sport Day 888

Stay updated with Sport Day 888, your go-to platform for the latest sports news, live updates, match analysis, and in-depth coverage of your favorite games and athletes.

No Result
View All Result

CATEGORIES

  • Athletics
  • Baseball
  • Basketball
  • Boxing
  • Cricket
  • Cycling
  • Football
  • Formula 1
  • Golf
  • Hockey
  • MMA
  • NBA
  • NFL
  • Racing
  • Tennis
  • UFC
  • Uncategorized

SITEMAP

  • About Us
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2024 Sport Day 888.
Sport Day 888 is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Football
  • Baseball
  • Basketball
  • NFL
  • NBA
  • Tennis
  • Boxing
  • Cricket
  • Racing
  • Golf
  • Athletics
  • MMA
  • UFC
  • F 1
  • Cycling

Copyright © 2024 Sport Day 888.
Sport Day 888 is not responsible for the content of external sites.