While Schwinn’s popular lines were far more durable than the budget bikes, they were also far heavier and more expensive, and parents were realizing that most of the budget bikes would outlast most kids’ interest in bicycling. Do your research, both online and at local bike shops, to get the very best deal on vintage bikes or to restore your Schwinn to its original condition. Whether you dream of repairing your childhood schwinn dealers Sting Ray, hanging your shiny red Phantom on your den wall, or amassing a large collection of vintage Schwinn bicycles, you are part of the love affair many people have with these beautiful, nostalgic, pedal-powered machines. In late 1997, Questor Partners Fund, led by Jay Alix and Dan Lufkin, purchased Schwinn Bicycles. Questor/Schwinn later purchased GT Bicycles in 1998 for $8 a share in cash, roughly $80 million.
For more than 130 years, the Schwinn name has been synonymous with bicycles. This is still true almost 30 years after bankruptcy ended the Schwinn family’s ownership of the brand. After the bike-boom of the early 1970’s, Paramount was in a poor state of affairs in regards to competition and advancing technologies. In 1979, Edward R. Schwinn Jr. was made president of the company and promptly closed down all of the Paramount operations until they could be brought up to date. In time, the Paramount came in a variety of models but remained expensive to produce and purchase. We do our best to find replacement parts, but keep in mind that parts may be difficult to find, especially for older models.
The new company produced a series of well-regarded mountain bikes bearing the Schwinn name, called the Homegrown series.[62] In 2001, Schwinn/GT declared bankruptcy. We proudly serve all types of cyclists, including new and veteran riders, road and mountain aficionados, and recreation and transportation cyclists. Whether you prefer to shop on our website or to come visit us, we’re here to help you with all of your cycling needs. Learn more about what makes us unique, and visit us today to meet our friendly staff and experience our incredible product selection.
Schwinn said he didn’t shutter his company because demand for high-quality craftsmanship has dried up. He said the main reason was that three of his schwinn beach cruiser seven employees were at or nearing retirement age, including himself at 69. In the 1980s, Waterford Precision started building cyclocross bikes.
However, one member of the Schwinn family remained at the helm of a U.S. bike company. Richard Schwinn ran Waterford Precision Cycles out of the same plant in southeastern Wisconsin previously owned by his family.
In addition to the fond memories these beautiful bicycles inspire, enthusiasts praise their quality workmanship and enduring value. Whether you’re considering a vintage Schwinn for personal use or want to invest in a piece of American popular history, you’ll have a lot of options. The ownership of Schwinn-branded bikes has changed hands several times. In October 2021, a privately-held Dutch group called Pon Holdings bought Dorel Sports from Dorel Industries, the parent company for Schwinn, Cannondale, GT and Mongoose. The deal included acquisition of Pacific Cycle, which still manages the Schwinn brand and others from its headquarters in Madison. Schwinn authorized dealers flourished in the fifties and around 500,000 bikes were sold almost every year from 1950 to 1959.
Joe Drennan longtime Earl’s employee and manager, purchased the store in 2015 and is carrying on our tradition of giving you the best bicycle products and customer service at the best price. Few businesses can claim 65+ years of continuously successful operation and fewer still point to an unwavering dedication to the highest levels of customer service over that time but Earl’s is one that can. Earl’s Cyclery was founded in 1953 by Earl Foley in Burlington’s Old North End on Archibald Street. The shop began as a humble bicycle and lawn mower repair shop, but quickly evolved into one of New England’s largest Schwinn dealers.
They are similar to the gravel bikes popular today, which also handle well on a range of surfaces. “Even if we built every bicycle in this country, you would probably build them with less than 10,000 people. And that’s not nearly as strategic as the automobile industry, which employs half a million people,” Schwinn said.
YP advertisers receive higher placement in the default ordering of search results and may appear in sponsored listings on the top, side, or bottom of the search results page. Most models of Schwinn bikes have years of images and information via old catalogs, advertisements and Schwinn documentation. This page lists Schwinn bicycles models (sorted alphabetically) and links to their details.
Schwinn then partnered with 7-Eleven, establishing a team including Eric Heiden. When 7-Eleven decided to hit the big time in racing, Schwinn went its own way due to a lack of funding. Schwinn was, however, able to recruit an up-and- coming rider named Lance Armstrong to its ranks. In 1896 Schwinn was founded, and by the end of that year, Schwinn bikes had more traffic than any other recreational bike company. As fitness trends shifted and technology evolved, Schwinn responded by offering a lineup of groundbreaking and affordable cardio equipment, including exercise bikes and treadmills.