Originally Posted by
TenGrainBread
You should read the above posts about the situation. What you wrote doesn't match the reality.
Colnago was sold by the Colnago family to a UAE company. Nothing to do with China. The sheer majority of products were not being made in Italy regardless, so the handwringing about Colnago's Italian soul is a little silly anyway.
Mavic has been owned by a variety of non-French companies for a while, mostly investment firms who have no interest in the actual business, but rather in turning it around in the market for a quick buck. And mostly soulless American firms, not Chinese.
Ah, there it is, no surprise. As
CMAW noted, a “private equity firm...”. Who woulda thought having “no interest in the actual business” as you said turns out to be a bad way to run the business successfully??
Terrible.