The Saris Group has been purchased by C+A Global at a bankruptcy auction.
Saris produces bike racks, bike trainers, bike storage racks and more but after issues with ordering during the pandemic it could not find a solution for financial issues and had to file for bankruptcy. C+A Global, a manufacturer and online retailer of consumer products and electronics, has now purchased the brand and adds to its list of other companies like Zink Technologies and its ZINK Zero-Ink photo paper.
| C+A Global is perfectly positioned to build on this brand based on our successful experience of understanding and selling products that consumers want. Re-energizing Saris and maintaining its relationships are our highest priority and we’re looking forward to having Saris successfully operating with fresh product lines as soon as possible— Chaim Piekarski, CEO of C+A Global |
Previously, Saris announced it was restructuring to prepare for sale using Wisconsin's Chapter 128, a voluntary debt consolidation program run by the state's circuit court system. At the time, Founder Chris Fortune said the company struggled with excess inventory after a boom during the pandemic.
Get ready for a buyers market.
..California(whom still have kids wearing masks!!)
Meet me at the pull up bars!!
However, I would warn against promotion of falsehoods--the 'masks' required in most places served as nothing more than facial decoration. 'Mask for entry' was common, but there were very few places that enforced any sort of standard. You could use a mask made out of old race jerseys and it would still be deemed adequate--I would be very careful about drawing correlations between ""masks"" and a reduction in other infectious diseases, as it is likely not the chief factor for the decline in influenza, etc. Rather, other variables such as social distancing, remote working, etc. likely had as great, or greater, role in reduced disease transmission.
Since stock can be found once again, I would suggest anyone who actually wants to see a benefit from wearing a mask go and pick up a stack of N95s (at minimum), and find a style that seals well to your face. That cotton mask with the cool Navajo design on it ain't it my dudes..
Think? Is that how money works for you?
I asked the manager of the store for a discount if paying cash, he said no. I asked if he would at least waive the sales tax if I paid cash, he said no. I said fine, I'll take the bike but I'm paying with a credit card so you get to pay the 3% fee or whatever they tack on. I hope this store struggles now as well.