All Dorel Industries articles – Page 2
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News briefs
Dorel calls special shareholders’ meeting for going-private transaction
The shareholders of Montréal-based Dorel Industries , the parent company of Cannondale, GT, Schwinn and other bike brands, will hold a virtual extraordinary meeting on Jan. 12 to vote on the offer by Cerberus Capital Management to take the company private at a price of CAD14.50 per share. ...
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Article
EDM Executive Survey: Sports and outdoor brands are pushing DTC
While experiencing generally lower orders from retailers, primarily because of the coronavirus outbreak, more than two-thirds of sports and outdoor brands responding to our survey intend to further develop their own direct-to-consumer (DTC) operations, relying more on their own websites than on those of third-party e-tailers.
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News briefs
Dorel rides well on higher demand for bikes
(SGI) Dorel Sports , the bike division of Dorel Industries , managed to grow through the Covid-19 pandemic. It registered revenues of $188.2 million for the first quarter, representing a 2.0 percent increase from the same quarter a year earlier, driven by strong performances at the Cycling Sports Group ...
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