Felt bicycles to be sold due to ‘difficult’ economic environment

American bike brand to change ownership for third time in six years

Felt bicycles
(Image credit: Getty Images)

Felt bicycles is set to be sold for the third time in six years due to its parent company looking to focus on its other business interests, particularly on the production of motorcycles and e-bikes. 

Looking ahead to 2024, Pierer Mobility called the new year a “year of consolidation” and said it would look to implement large-scale cost cutting measures amid a “difficult” wider global economic market. 

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Tom Thewlis
News and Features Writer

After previously working in higher education, Tom joined Cycling Weekly in 2022 and hasn't looked back. He's been covering professional cycling ever since; reporting on the ground from some of the sport's biggest races and events, including the Tour de France, Paris-Roubaix and the World Championships. His earliest memory of a bike race is watching the Tour on holiday in the early 2000's in the south of France - he even made it on to the podium in Pau afterwards. His favourite place that cycling has taken him is Montréal in Canada.