Close. Mongoose was bought by Pacific. Pacific brought Mongoose to the department stores with cheap bikes, but they also still manufacture some decent bikes that go to the bike shops. Pacific also bought Schwinn with their bankruptcy. While they introduced Schwinn to the department stores, they also manufacture some higher end bikes that go to the bike shops. Same deal with GT. They aren't the same bikes as the ones in the big box stores, but they are all owned by Pacific. It does make it difficult on the bike shops because people that pay attention see the same brand in the bike shop as in the department store, and think they are the same, so they won't touch them.