It's been a rocky past 12 months or so for the bike industry. With many brands and retailers struggling across the bike world, the unwelcome news earlier this month that renowned brand Orange Bikes had entered administration was not a complete shock. We looked into what had gone wrong for the company a few weeks ago.
However, a new deal has been struck in Halifax that looks to have put Orange back on a solid financial footing and banished the specters of sale or closure back to the outer reaches. Essentially, it appears that Orange has restructured its debt by convincing its debtors that the business is still a viable one. This new structure has somehow enabled Orange to buy the company that manufactures its folded metal frames, Bairstows – also owned by Orange owner and MD Ashley Ball. The two brands will soon be under one roof at the Bairstows production facility.
