Guru Cycles informs dealers of restructuring

By Lynette Carpiet

MONTREAL (BRAIN) — Custom framebuilder Guru Cycles sent a letter to dealers this week announcing that the company is going through restructuring.

Guru CEO Ted Matthews and VP of sales Robert Pinazza declined to comment on the letter or the restructuring on Wednesday afternoon.

The letter pointed to the company’s relocation over the summer, which was “extremely costly,” took longer than expected, and impacted manufacturing. Guru previously was headquartered in a 25,000-square-foot facility that housed its …read more

Via:: Bicycle Retailer and Industry News