Raceface. Ceased trading!!

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May 24, 2012, 11:46:15 AM

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Total Voters: 287

[damo]

Raceface have shut it's doors. Been told this morning. twittered the news.

Damo

[Dirt Diggler]

Never used there stuff but still sad news especially for the employees.

Im sure someone will come along and hand pick the best bits of the business and the name will continue in some form or other.

[cptcaveman]

WHAaaaaaaaaaaaaat ................    Bad times, quality kit as well 

[iain1775]

Real shame some of my favourite kit and clothes are raceface hope someone can come in and take over the brand

[damo]

Somebody come along, buy it and produce the cheapest but quality 10sp set up and try to get the prices of other stuff down a tad. Nice looking stuff but a tad expensive.

Damo

[bong69uk]

Damn, now if only i had won the Euromillions on fri and i would have bought em 

[nickfry]

They've gone past being in aministration, and are in the liquidation process. 

My understanding is that you only go into liquidation when there is no interest from any potential buyers, and the business sells all it's assets to pay any creditors.

http://www.bikebiz.com/news/read/raceface-closes

That appears to be that.

[cptcaveman]

Listening to the jungle drums    the rumour is they were doing something dodgy, tax wise and the Canadian Tax ppl came down on them like a ton of bricks, weren't declaring there tax, profits and fiddling the books when they were looking for investment last year ........
But on a brighter note, SRAM and Silverfish are trying to snap them up

[100mphplus]

Why would SRAM want them when they have Truvativ already 

[Mark W]

Why would SRAM want them when they have Truvativ already 

They might have some useful patents/design rights.

[lucky_pierre]

...so why is the Racface website back up?