Kitsbow announced that it will cease operations in April. Now in its 11th year, Kitsbow was known for its American-made mountain bike and gravel riding apparel as well as its employee-owned benefit corporation business model.
After numerous cycling apparel brands have announced closing, Kitsbow is the latest cycling kit company to announce its end of operations this year.
The American apparel manufacturer from North Carolina today announced that it will cease operations in April, following an unsuccessful round of community financing.
CEO David Billstrom explained that the recent WeFunder community financing campaign fell short, raising only 50% of the brand’s one-million dollar target. Currently they have or 7,000 pieces of apparel in stock and are offering sales and looking to clear remaining inventory.
More to come on this story.