I believe this is the actual press release on the sale of Time's frame business to Cardinal Cycling group, which says it has been finalized. This appears to be a press release from Cardinal Cycling group. I have not found a press release on this from Rossignol.
https://www.3bikes.fr/2021/02/09/matos- ... ativsport/
Google translation:
MATOS - Cardinal Cycling Group buys Time bikes, with the distribution in France of Alternativsport
February 9, 2021
MATOS - Cardinal Cycling Group buys Time bikes, with the distribution in France of Alternativsport
February 9, 2021
Cardinal Cycling Group acquires the TIME SPORT bicycle business and signs an exclusive distribution agreement with Alternativsport, for France.
Source: C.P / Photo credits: Alternativsport
Cardinal Cycling Group has announced the acquisition of the bicycle business of Time Sport, with distribution of Alternativsport for France.
The Rossignol Group has finalized the sale of the TIME bicycle frames and its production site in carbon by casting and resin transfer (RTM) to Cardinal Cycling Group. The transaction includes all bikes and frames, the brand license, as well as intellectual property. TIME pedals and shoes activities are not included in this sale.
Cardinal Cycling Group is a Franco-American investment and management group oriented towards the cycling industry, led by Frenchman Martial Trigeaud, industrial engineer and former Elite bike rider, and American Tony Karklins, founder of Allied Cycle Works and former Managing Director of Orbea USA.
“Having grown up in France, cycling has always been part of my life. I have always had a strong passion for TIME because this brand, through its history, is a legacy of French cycling heritage throughout the world. I am honored to become its ambassador and to shape its future, ”said Martial Trigeaud, CEO of Cardinal Cycling Group.
“We are extremely proud and motivated by the arrival of TIME at Alternativsport. A brand with French DNA, where quality and performance will continue to delight many enthusiasts. There is a very strong synergy and complementarity with the other brands of components and accessories distributed by Alternativsport (Rotor, Profile Design, Supacaz, Lake, Repente, Spatzwear, Xplova, CyclingCéramic, Ism, Ridefarr, QmSport, Chimpanzee, Cingomma). Reseller partners are at the heart of our attention, everything will be done to continue to offer them the best. We are happy and eager to contribute to the development of TIME in France, ”said Frédéric Torres, owner of Alternativsport.
The first shipments will be set up this week and all orders related to TIME bikes and frames will be handled by Alternativsport in France. Alternativsport will be the exclusive distributor of TIME bikes and frames.