All Cannondale articles

  • 0_Cannondale_Wordmark_Black Kopie
    Article

    Cannondale’s new organizational structure without European head

    2022-11-21T17:17:00Z

    Source: Cannondale Marco Kind After Canadian conglomerate Dorel Industries sold its Dorel Sports bicycle division – comprising Cycling Sports Group (CSG) and Pacific Cycle Group (PCG) – to Dutch company Pon Holdings B.V. last year, work has been underway to integrate the acquired brands. Cannondale, the U.S. ...

  • Veloretti2
    Article

    Pon Holdings continues to invest in the automotive and bicycle mobility segments

    2022-09-08T15:31:00Z

    Source: Veloretti After the parent company of Pon Bike Group (PBG), Pon Holdings B.V., on June 1 became a minority shareholder in German car dealer Adelbert Moll GmbH & Co. KG (better known as Moll Group) for an undisclosed amount, the Dutch retail and services giant has ...

  • Pon.Bike Logo
    Article

    Pon Holdings acquires Dorel Sports

    2021-10-11T12:55:00Z

    The Dutch Pon Group and Canadian conglomerate Dorel Industries Inc. officially announced on Oct. 11 that Pon.Bike (brands Cervélo, Focus, Gazelle, Juliana, Kalkhoff, Santa Cruz, Union, etc.) will acquire Dorel Sports (brands Cannondale, Caloi, GT, Mongoose, Schwinn, etc.). According to the two parties, this mammoth marriage will create “a leading ...

  • Dorel Sports
    Article

    Dorel posts ninth consecutive quarter of sales growth despite supply chain problems

    2021-08-09T09:35:00Z

    Canadian conglomerate Dorel Industries Inc. continues to ride the wave of success, not only but mainly due to best results of its bicycle products-selling Sports Division and its Juvenile Division. In the second quarter of the current fiscal year 2021, the group increased its sales by 5.7 percent to $764.99 ...

  • Dorel_logo
    Article

    Bicycle boom pushes Q1 sales at Dorel

    2021-05-09T16:31:00Z

    Dorel Industries said revenues at its sports segment increased for the eighth consecutive quarter in the three months ended March 31, rising by 43.6 percent in reported U.S. dollars to $270 million, and by 41.5 percent in local currencies, driven by the growing global demand for bikes. The second ...

  • Dorel_logo
    Article

    Cycling demand boosts Dorel Sports

    2021-03-12T17:13:00Z

    Dorel Sports , Dorel Industries ’ sports segment whose brands include Cannondale , Schwinn , GT , Mongoose , Caloi and IronHorse , saw its revenues increase by 13.8 percent year-on-year to $265.3 million in the fourth quarter, or by 15.9 percent in constant currencies. This marks the seventh ...

  • News briefs

    Dorel delays vote on going private

    2020-12-30T06:51:00Z

    Montréal-based Dorel Industries has postponed a special shareholder meeting to vote on the sale of the company to Cerberus Capital Management to give itself more time to consider the terms of the deal. The meeting will be held on Feb. 16 instead of Jan. 12. A special committee ...