(ASE) announced today that they have filed for Chapter 11 bankruptcy, in order to “restructure and better position itself for future success.” ASE is the parent company to Fuji, Kestrel, SE, Breezer Bikes and Tuesday Cycles as well as retail brands Performance Bicycle and Bike Nashbar, and was formed after Advanced Sports International (ASI) purchased Performance Bicycle in 2016.Īccording to Bicycle Retailer, the move is expected to lead to the closing of 40 of the current 104 Performance Bicycle stores.
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