<< GIOS was wrapped in a costly legal battle with one, for privacy reasons undisclosed, wealthy, Belgian dealer. >>
It would be fun to find out what the vbasis of the law suit was....
Dale Brown Greensboro, North Carolina USA
-----Original Message----- From: Angel Garcia <veronaman@gmail.com> To: CLASSIC RENDEZVOUS <classicrendezvous@bikelist.org> Sent: Mon, Feb 1, 2010 10:03 am Subject: [CR] GIOS now
I received some add'l info about the GIOS split from the Netherlands:
"There were many rumors in recent months about the division of GIOS. Time for clarification and the real story behind all the developments of recent times.
There was no family feud between Alfredo and Aldo Gios, of this there is absolutely no question. The decision to split the old GIOS into two new parts was a pure business decision, motivated by an annoying longstanding legal matter.
GIOS was wrapped in a costly legal battle with one, for privacy reasons undisclosed, wealthy, Belgian dealer. A suit was involved which the Belgian won and the result was that GIOS could be in jeopardy.
The case was very expensive for GIOS so much so that it affected the liquidity of the small company.
The solution proved to be to liquidate the old GIOS. For the the Belgian party there was nothing left to achieve and no further damage could be caused to GIOS. The new GIOS is not a contracting party of the Belgians.
Then the new GIOS established a company in two parts run by Alfredo and his brother Aldo. Alfredo focuses his Japanese-made range from http://www.gios.it aimed and touring and city bikes. Marco and Aldo run the new racing bike through http://www.giostorino.it for race-oriented riders.
GIOS is beginning new collection for 2010 building on the tradition of the past. Including specifically the individual 'Italian' philosophy of frame building geometry is maintained. GIOS is alive!
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Angel Garcia
Long Valley, NJ
You may enjoy reading my blog:
http://www.italiancyclingjournal.blogspot.com