Rumours are rife on the super-internet-highway that the iconic Canadian manufacturer Race Face which was a global leader in the design, manufacturing, marketing and distribution of high performance cycling components and apparel is to close after 18 years of producing some of the sweetest kit going.

Tyler Morland,PR and media manager for all things MTB at SRAM, RockShox, AVID and Truvativ said this on his Twitter "Rumour has it that Race Face shut its doors yesterday"

WhistlerMTB on Twitter "Rumors confirmed. Race Face is closing their doors."

John P, a Race Face employeee posted this comment over on RideMonkey:

"...we've been told the company is going to be liquidated, and 90% of us are unemployed as of next week. They'll keep a few people on to assist with the liquidation..."

Sad news indeed for Race Face, we'll bring you more news when we get it.