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Dorel Industries will continue its listing on the Toronto Stock Exchange. – Photo Bike Europe

Major shareholders obstruct Dorel's take-private deal

MONTREAL, Canada - Dorel Industries has terminated the going-private transaction which was announced last November. To convince the current owners,...

Dorel Sports bike brands including Cannondale are going back into private hands. - Photo Cannondale

Cannondale owner Dorel Industries to go private, deal on the table

MONTRÉAL, Canada - Dorel Industries has reached an agreement in principle whereby Dorel would be taken private by a buyer group led by affiliates of...

Dorel’s Cycling Sports Group performed much better than in 2018. – Photo Dorel

Dorel's Cycling Sports Group Reports Profit Over 2019

MONTREAL, Canada - Today Dorel Industries Inc. announces slightly increasing results for its Sports division (including Cannondale, Schwinn, GT,...

‘Purchasing patterns of US IBDs are changing significantly,’ said Dorel President and CEO Martin Schwartz at the presentation of third quarter results. – Photo Bike Europe

Dorel Reports Sharply Deteriorating Results

MONTREAL, Canada - Dorel's Sports segment, including the brands Cannondale, Schwinn, Mongoose, GT, Caloi, and Sugoi, continues to put heavy pressure...

‘Our Brazilian subsidiary Caloi faced a challenging economy, including rising inflation and the devaluation of the Brazil real,’ said Dorel President and CEO Martin Schwartz.

Dorel's 2015 Results Overshadowed by Challenging Currency Rates

MONTREAL, Canada - Dorel's 2015 financial results are overshadowed by challenging currency rates. "The adverse exchange rates impacted our earnings...

Earnings were revised by Dorel for Caloi resulting in USD 26.5 million impairment losses. – Photo Caloi

Dorel Reports Red Figures in Third Quarter

MONTREAL, Canada - Dorel Industries was troubled by the appreciation of the US dollar as well as impairment losses on goodwill and customer...

Eduardo Musa

Brazil's Caloi Sponsors Olympic Road Race Team

With the Olympic Games taking place in 2016 in Rio de Janeiro, Brazil Caloi - the country's biggest bike maker, is once again taking center stage on...