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

Tom has been writing for Cycling Weekly since 2022 and his news stories, rider interviews and features appear both online and in the magazine. 

Since joining the team, he has reported from some of professional cycling's biggest races and events including the Tour de France and the World Championships in Glasgow. He has also covered races elsewhere across the world. 

As well as on the ground reporting, Tom writes race reports from the men's and women's WorldTour and helps with coverage of UK domestic cycling.