High-end American bike brand, Parlee Cycles, filed for chapter 11 protection on Feb. 6, Cycling Weekly reported. Parlee Cycles was started in 2000 by longtime boat builder Bob Parlee and his wife, Isabel. What started as a bespoke, one-man shop soon grew into a highly desirable race frame manufacturer with a collection of both custom and stock models and international distribution. The company's bankruptcy announcement comes at a time of acute strain across the global biking industry, with excess stock meeting rapidly contracted markets, resulting in cash flow challenges for businesses of all sizes and scales, including the worlds largest bike manufacturer.
