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The company was founded by Ignaz Schwinn (1860–1948) in Chicago in 1895. [2] [3] and became the dominant manufacturer of American bicycles. Schwinn first declared bankruptcy in 1992 and was restructured, in 2001 Schwinn again declared bankruptcy and was purchased by Pacific Cycle, now owned by the Dutch conglomerate, Pon Holdings. [4]
Ignaz Schwinn (April 1, 1860 – August 31, 1948) was a German-American bicycle designer, who co-founded, and eventually owned, the Schwinn Bicycle Company. He was born in the town of Hardheim , Grand Duchy of Baden , in 1860.
[6] [dead link ] In 1998, the company changed its name to Direct Focus and acquired the Nautilus, Schwinn and StairMaster brands between 1999 and 2002, before eventually changing its name to Nautilus, Inc. in 2005. [6] [dead link ] Nautilus became a publicly traded company on the U.S. stock exchange in May 1999. [12]
The company was operated by Richard Schwinn, [1] formerly of Schwinn Bicycle Company, and business partner Marc Muller. Schwinn (great-grandson of Ignaz Schwinn, who founded Schwinn Co. in 1896) was vice president of production for Schwinn Co., and Muller worked for Schwinn as a designer of the company's hand-crafted Paramount racing bikes.
Schwinn Sting-Ray, Motorbooks International. ISBN 0-933201-88-5. LCCN 97-25442 "Coverage of the John T. Bill warehouse opening of March 3, 1963, showing the first factory built High Rise bicycle 'Huffy Penguin '". Bicycle Journal, April 1963.
Gray Barnett used an Apple AirTag to track his bag to Brussels Airport after his airlines, Brussels Airlines and United, lost it. The bag contained his bike – 16-year-old Barnett is a cyclist ...
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America Online CEO Stephen M. Case, left, and Time Warner CEO Gerald M. Levin listen to senators' opening statements during a hearing before the Senate Judiciary Committee on the merger of the two ...