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  1. #1
    BFSSFG old timer riderx's Avatar
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    Pacific buys Schwinn/GT

    In all of the confusion of the last few days, looks like this one was overlooked by the Bike Forums crew (or just not posted). Just before evacuating court, bankruptycy proceedings were finished selling Schwinn/GT to Pacific.
    Found the info here:
    http://www.mtbjournal.com
    Single Speed Outlaw
    Riding Bikes and Drinking Beer.

  2. #2
    BFSSFG old timer riderx's Avatar
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    I've got to say, this isn't any better than Huffy making the purchase.
    Single Speed Outlaw
    Riding Bikes and Drinking Beer.

  3. #3
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    i thought that huffy bought out gt/schwinn so did pacific buy out huffy gt and schwinn? im confussed
    the great one

  4. #4
    BikeForums Founder Joe Gardner's Avatar
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    Pacific out bid huffy by a few million it looks like... honestly, id rather have huffy take over schwinn then pacific...

  5. #5
    BFSSFG old timer riderx's Avatar
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    Originally posted by marine43
    i thought that huffy bought out gt/schwinn so did pacific buy out huffy gt and schwinn? im confussed
    Originally, it was being reported (usually in the headlines), several weeks ago, that Huffy bought Schwinn/GT. This was completely misleading, as Huffy I had mearly put in an offer. As we now see, they lost the bid.

    What happens now is anyone's guess.
    Single Speed Outlaw
    Riding Bikes and Drinking Beer.

  6. #6
    0^0 fubar5's Avatar
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    It is a darn shame.
    Booyah!!

  7. #7
    SLJ 6/8/65-5/2/07 Walter's Avatar
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    Read the article. I cringed at the idea of Huffy "Schwinns" but this is probably about the same. I can remember Mongoose as a serious and very popular BMX with real competition credentials. It would have been as out of place at Sports Authority as a Colnago. Under Pacific that obviously has changed. The end result is that Schwinn is soon to be a ____-Mart bike.

    I hung out at a Schwinn shop when I was in Jr. High and learned how to work on bikes at that shop. This is kind of sad even if the first "real" bike I bought was European (Motobecane).
    “Life is not one damned thing after another. Life is one damned thing over and over.”
    Edna St. Vincent Millay

  8. #8
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    i heard that MONGOOSE bought out Schwinn/ GT

    its no beter then anything else!!!
    GT@rider

    GT kicks butt

  9. #9
    Every lane is a bike lane Chris L's Avatar
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    Mongeese, Pacific, H*ffy (it's a swear-word to me). A plague on 'em all I say!
    "I am never going to flirt with idleness again" - Roy Keane
    "We invite everyone to question the entire culture we take for granted." - Manic Street Preachers.
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  10. #10
    opinionated SOB cycletourist's Avatar
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    I really don't care that Schwinn was sold to Pacific. I mean it's just a brand name. No big deal. No REAL Schwinns have been built for nearly 10 years anyway. Not since the Schwinn family sold the name (if you want a real Schwinn they are now called Waterfords, a company formed by ex-schwinn employees in the old factory).

    But what does bother me is that many uninformed adults will see Schwinns at toy/department stores. And because they don't know they are actually just rebadged crap, they will buy them thinking that Schwinn is still the same quality brand as before. That's exactly what happened (and still happens) with Mongoose.
    Last edited by cycletourist; 09-16-01 at 11:26 PM.

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