October 2025

Why did Cannondale go out of business?

Why did Cannondale go out of business? As sales increased, the company was losing money on each motorbike. This gap drove the company into bankruptcy protection on January 29, 2003. Cannondale’s full assets were then purchased at auction by Pegasus Capital Advisors fund Pegasus Partners II, L. P. Yes—Cannondale Makes Excellent Bikes Cannondale has been

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