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9 comments
It's an interesting strategy to go straight back in with high-end products whilst continuing to sell off the old gear and when there's lots of uncertainty/speculation surrounding Vulpine.
I can't say I'm in the slightest bit tempted to part with any serious cash for a product from a company which (in my opinion) is in need of a reputation re-build.
Just to clarify the Mango/Vulpine situation, here's what Simon M wrote in a recent news story
from http://road.cc/content/news/230856-mango-bikes-ceases-trading-seeks-buye...
Had a flyer from them the other day offering a Ventile Mac for £450 ...
I was tempted by that offer. I have an ancient, well used and well loved Ventile cycling jacket. A Ventile coat would be awesome street wear in a downpour. They don't say whether it's single or double layer, though at that price I'd certainly expect double layer. They're weighty, but flexible, reassuringly waterproof and never feel wet inside, c.f. Goretex at 1 C in the rain. Also better in the unlikely event that you find yourself in a burning building!
In the states a failing company doesn't buy another failing company they merge to form one bigger failing company which eventually will collapse. They prolong the collapse to sell old stock like its new stock while executives collect fat paychecks as they negotiate selling the patent design rights and mfg equipment. JMO
Got sold to Ben Harrison for £1 in September didn't it?
Edit: Ben Harrison, the guy that used to own it
It was an odd fit for Mango, suspect there is more to it than meets the eye. What's left is being relocated to the Sheffield area, not sure if there is a link up with Planet X in the offing.
Exactly. I'm at a loss as to how a company so close to administration themselves can purchase another business.
Hasn't the company that bought them out of administration (Mango) itself gone into administration recently? A company which also sold cheap imported stuff with some dubious quality and prices.
In which case who's going to rescue the rescuers?