Mavic in receivership :-(

Is it still owned by the French?
If it is, I can't see why the Chinese can resist yet again buying another Euro brand.......

That's scary. They've been making superior products for a long time. I hope it works out.

I’ve got more Open Pro’s and related rims than any other wheel set. Maybe the French government can bail them out.

Is it just general financial troubles or is it related to Coronavirus?

J Crew filed for chapter 11 the other day, but they were on the edge before all this. Neiman Marcus filed too.

Thankfully most respectable brands, bankrupt or sold to new owners or whatnot, will probably survive through these troubled times without much change in the way their companies operate - that's just the expectation consumers have so that's what they'll get!

-Gregory

Well, they’ll get the name!

It’s...complex. Bought by a xompany that sold them to a company that was bought by a company thay’s divesting nonperforming assets. Or like that.

I would say that they made a good product at one time, but now....eh, I'm not so sure. Their old hubs and rims were great but it's been a long time since I've even looked at buying a new Mavic product. I guess their pre-built wheels were popular but the reputation of their rims went downhill quite a while ago IMO. And I've read a lot of bad things about the hubs in those pre-built wheels over the years.

Since there's no link to a story yet...

https://www.bicycleretailer.com/inte...t-receivership

https://www.cyclingnews.com/news/tou...-receivership/

It seems there's confusion as to who even owns the company.

Dang French...

I use Open Pros and Mavic shoes all the time.

I think they have some good tubeless rim and tire products.

I love the yellow Mavic neutral service motorcycles and bikes.

Too much history and coolness there to go away?!

No such thing as "too cool to fail". Look at virtually any well known bicycle brand: Schwinn, Cannondale, Colnago, Motobecane, Windsor... you'll find a faceless corporate owner. C'est la vie.

They were already owned by a conglomerate - I just don’t want them to disappear or move everything to China!

While they had the neutral support contract with the TdF... no advert there soon.

i watched some of the news-
from what I pieced together
as noted, sold, then sold again
( maybe a third time???)
During that time there has been a stall on new wheels. Mavic was known for aluminum
guys around here train on Carbon?!? ( ok - same pads fit training and racing - unless discs)
I think they have missed it there too-
factor in Romanian production ( assembly )
that will tick off a French labor union...
they still wield decent power in France-
kaboom

( have been smaller presence or skipped trade shows too- just more puzzle parts to indicate issues)

Wish I'd gone ahead and ordered a set of Mavic's entry level tubeless wheels/tires back in January when the set went for around $300-$350. Reviews sounded pretty good. Would be perfect for a budget carbon frame project I'm working on.

Mavic is American , or so it seemed.
https://www.amersports.com/2019/07/a...ic-divestment/

Apparently, that sale (which happened last year) never took place and the shares went to another American private equity firm based in Delaware, promises of investments were not kept. This operation is under investigation now. Meanwhile, the Finnish group Amer Sports has been taken over by the Chinese.
https://www.eurosport.fr/cyclisme/le...34/story.shtml

First Colnago, now Mavic. Wonder who will be the next shoe to drop.

The world doesn't need anymore takeovers by the CCP.

They're one of a handful of rim companies that still do double-eyelets. Once you pull spokes through the outer wall of a double walled, single-eyeleted rim on a tour, you'll never go back to single-eyelets. My concern is that this process might not survive the receivership. Bean counters don't see the value in a process that increases rim life and durability.

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.

I don't know why I should object to Mavic becoming Chinese-run as long as they keep on the tradition. Look at how Sturmey Archer was bought by a Taiwanese company. They expanded and improved the product line.

I'm not up to date on Mavic's products, so maybe they're not as good as before. I'm not a fan of proprietary designs for wheels, and those Ksyrium wheels seemed well made but didn't have interchangeable parts. I bought a pair of Mavic shoes which seemed really good but after wearing them once, I accidentally left them on the subway and never recovered them.

The company has been around since 1889? Wow, I had no idea. I wonder what the first products were.

New Mavic isn't vintage anyway... My MA2s, MA40s and 195s were built in France!

Now if Rigida gets sold...

Taiwanese is not the same as (Communist Red) Chinese. Just an old Cold Warrior say'n.....

Top

What he said, the Taiwanese actually take pride in what they make, unlike the commies.

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.

My last company had a production facility that I worked at in my home-state of Wisconsin as well as one in Chengdu in China. I worked with some of the technicians, machinists, and engineers from that facility and they had pride in their work and did a great job. Not only that but they worked far longer hours than their American coworkers. While there are definitely a lot of problems with the way the Chinese government and economy works, I wouldn't make blanket statements like that.