Marzocchi in financial difficulty
News coming through from an Italian newspaper suggest Marzocchi have major financial troubles and may close the MTB side of things.
More news when we get it.
The FIOM-CGIL warns of Bologna for Tenneco-Marzocchi: home wind of a trade union was "difficult situation, complicated by the general crisis", but yesterday's meeting with the management and they 'arrived at 'announced intention to "sell or close the historical activity' related to mountain biking, mountain biking, result in large revenues and prestige of the past and today, although regrettable for a clear and unable to strategic management, strongly blamed for the loss of business accumulated in three years, about 22 million U.S. dollars. " To tell you how things are made, and the "great concern" about the announcement yesterday, and 'a note of the FIOM-CGIL. And the problem is not alone. The union also complained about the apparent "non-compliance of the business plan," especially for "lack of investment announced," the inability 'of marginality create' win-and keep new customers. "