Mad Fiber Wheels Files for Chapter 7 Bankruptcy
After shutting down manufacturing operations in October, Bicycle Retailer is reporting that the Divine Cycling Group has filed bankruptcy for Mad Fiber wheels through their DCG wheel division. The shutdown comes after DCG’s issues with both Blue Competition cycles, and Serotta Frameworks. The bankruptcy filing leaves a lot of creditors unsecured, with a hearing set for later this month. For more on the story check out BRAIN.