He said Tuesday that the deal must be approved by the bankruptcy court and that other companies will have a chance to bid for Schwinn’s assets. “But we feel good about having a bid going into the process,” Graber added. Schwinn, based in Boulder, Colo., is one of the most widely recognized bicycling brand names in the world and will strengthen Huffy, said Don Graber, Huffy’s chairman, president and chief executive.
Schwinn said it has filed for bankruptcy protection, a move that will be required for Huffy to make the purchase.
If you haven’t already, register all of your bikes on Bike Index, a website run by a non-profit that helps users locate stolen bicycles with the help of other users and police departments across the country. In our case, it made no sense to file a claim since there would have been no insurance payout. It’s also worth noting that many insurance policies will only pay out the actual cash value of your bike, not the total cost of replacement. So unless your bike is brand new, expect the insurance company to account for depreciation.
I will recommend you and use you in the future. I have to send a picture with some text and there is a paperclip to attach files. The Huffy Corporation is a supplier of bicycles with headquarters in Dayton, Ohio, United States. Schwinn, founded in Chicago in 1895, was the dominant bike-maker for much of the 20th century; by the huffy cruiser 1950s, one in four bikes sold in the United States was a Schwinn. Last month Schwinn chief executive Jeff Sinclair said the company, which merged with GT Bicycles to become Schwinn/GT in 1998, had a short list of buyers and that the sale could be complete within the next month. He insisted it would not mean the brand’s demise.
The Huffy Trail Runner has exactly what you need to enjoy a fun ride around the bike path . Once you file a police report, temper your expectations. Chances are your local police department has their work cut out for them dealing with more serious crimes than bike theft.