Kona Bicycles winding down and up for sale as parent company abandons struggling bike market

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familyguy
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Kona Bicycles winding down and up for sale as parent company abandons struggling bike market

Postby familyguy » Mon Apr 22, 2024 4:19 pm

https://road.cc/content/news/kona-bicyc ... ale-307945

Seemingly another cut and run by a dollar-seeking buyer post-post-covid slump. Bought high as sales boomed, selling low now?

brumby33
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Re: Kona Bicycles winding down and up for sale as parent company abandons struggling bike market

Postby brumby33 » Mon Apr 22, 2024 5:35 pm

Looks like this could be the end of Kona Sutra which is a nicely built optioned up Touring bike. I was very interested in the Sutra before I found the Vivente Bikes....hope they can find a buyer and keep producing a good or better product.
"ya gotta hold ya mouth right"

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2003 Diamondback Sorrento Sport MTB

Zippy7
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Re: Kona Bicycles winding down and up for sale as parent company abandons struggling bike market

Postby Zippy7 » Thu Apr 25, 2024 9:53 pm

I remember seeing an ad on bikeexchange for a Jake the Snake cyclocross bike.
It was early in my cycling days, and I remember the interesting name and beautiful green paint job.
The specs seemed underwhelming at the time, so I looked at other bikes, but thought I might get one in the future.
Apparently that's very very unlikely now.
Successful trades : Rheicel, Je, wgc138, 2ndeffort, celeste boy, rodneycc

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AUbicycles
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Re: Kona Bicycles winding down and up for sale as parent company abandons struggling bike market

Postby AUbicycles » Mon May 27, 2024 7:57 am

Original kona founders have now bought the brand back
Cycling is in my BNA

brumby33
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Location: Albury NSW on the mighty Murray River

Re: Kona Bicycles winding down and up for sale as parent company abandons struggling bike market

Postby brumby33 » Mon May 27, 2024 8:19 am

AUbicycles wrote:
Mon May 27, 2024 7:57 am
Original kona founders have now bought the brand back
Great news Christopher.....I hope they continue to make a good product.
"ya gotta hold ya mouth right"

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2003 Diamondback Sorrento Sport MTB

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MichaelB
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Re: Kona Bicycles winding down and up for sale as parent company abandons struggling bike market

Postby MichaelB » Mon May 27, 2024 11:40 am

AUbicycles wrote:
Mon May 27, 2024 7:57 am
Original kona founders have now bought the brand back
Seems something that has happened before.

Someone starts something, does well, someone offers big bucks, stuffs it up and then sells it back.

My Kona Honky Inc was a good steed when I had it - first foray into a production disc roadie

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familyguy
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Re: Kona Bicycles winding down and up for sale as parent company abandons struggling bike market

Postby familyguy » Wed May 29, 2024 12:24 pm

Good news. Might be a chance to get a Kona Roudhouse after all.

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bychosis
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Re: Kona Bicycles winding down and up for sale as parent company abandons struggling bike market

Postby bychosis » Wed May 29, 2024 4:34 pm

MichaelB wrote:
Mon May 27, 2024 11:40 am
AUbicycles wrote:
Mon May 27, 2024 7:57 am
Original kona founders have now bought the brand back
Seems something that has happened before.

Someone starts something, does well, someone offers big bucks, stuffs it up and then sells it back.
Not sure it's a great business model, buying it back cheap, but if they built it up before, they can likely do it again. Keep it simple Kona and fans will probably stick around
bychosis (bahy-koh-sis): A mental disorder of delusions indicating impaired contact with a reality of no bicycles.

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