[Classicrendezvous] Fw: Brooks Bought


From: "Jill DiMauro" <jpdimauro@starpower.net>
To: <classicrendezvous@bikelist.org>
Date: Thu, 12 Oct 2000 19:08:46 -0400
Subject: [Classicrendezvous] Fw: Brooks Bought

----- Original Message ----- From: lemonade <lemon@lime.org> Newsgroups: rec.bicycles.tech,uk.rec.cycling,rec.bicycles.marketplace,rec.bicycles.misc, rec.bicycles.soc Sent: Thursday, October 12, 2000 1:47 PM Subject: Brooks Bought


> From Wallingford <www.wallbike.com/Products.html>:
>
> Brooks Bought
>
> Thursday Morning, 10/12
>
> We are a little late in reporting this good news but a British trade
> publication reported the following on 10/4;
>
> "Four offers were on the table and Brooks - with 25 staff - went to the
> highest bidder, believed to be for £350 000. It was not possible to
> find out whether the successful bidder is from the bike trade or is UK
> based. Brooks had a 1999 turnover of £1m, with profits of £240
> 000. As a 'going concern' it's strange it went for such a low amount."
>
> Later reports state that the Sturmey-Archer gear works has one offer and
> that the rumor that Shimano is to buy Sturmey hs been
> denied.
>
> --
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