B. Riley Retail Solutions is Facilitating Colorado Cyclist
and Planet Cyclery Website Closing Sales
LOS
ANGELES, April 29, 2024
/PRNewswire/ -- Premium providers of high-quality bikes,
components, and apparel for cyclists, Planet Cyclery and
Colorado Cyclist, have commenced website closing sales across all
premium cycling apparel and gear with starting discounts of up to
30% across all merchandise.
Both sitewide closing sales feature deep discounts across
biking gear and equipment, from bikes, wheels, tires and components
to apparel, including best-selling helmets, tires, and water
bottles.
"Colorado Cyclist has offered high quality bicycle parts and
accessories for serious cyclists across North America for over 45 years, and
Planet Cyclery offers premium brands that are relevant to
casual riders and enthusiasts alike," said Tim Shilling, president of B. Riley Retail,
Wholesale and Industrial Solutions. "Both retailers are known for
sourcing premium equipment for dedicated cyclists and are home to
some of the best cycling brands. Enthusiasts should shop these
online sales early before inventory sells out."
The Planet Cyclery and Colorado Cyclist sales are available for
a limited time only. All inventory will be sold within a matter of
weeks.
B. Riley Retail, Wholesale and Industrial Solutions, Inc. is
facilitating the total liquidation of Planet Cyclery and Colorado
Cyclist's inventory, in connection with the executed General
Assignment for the Benefit of Creditors (the "ABC") of Velo.
Jonathan Wernick of B. Riley
Advisory Services, assignee in the ABC of Velo, said: "Additional
assets from both sites, including intellectual property, fixtures,
and equipment, will be available for a limited time during the wind
down in this process. Both Planet Cyclery and Colorado Cyclist
brands will have unprecedented discounts throughout the sale."
Visit https://www.coloradocyclist.com/ and
https://planetcyclery.com/ to shop the sales.
About B. Riley Advisory Services
B. Riley Advisory
Services is a leading provider of specialty business advisory
services that works with law firms, lenders, private equity
sponsors, and companies of all types on business challenges such as
planning and executing a major acquisition or divestiture, pursuing
a fraud investigation or corporate litigation, or
managing through a business crisis or bankruptcy. The firm offers a
unique mix of appraisal services including asset-based lending
(ABL) valuations, restructuring and turnaround management, forensic
accounting and litigation support, and transaction support services
including due diligence and quality of earnings reviews. For more
information, visit www.brileyadvisoryservices.com.
About B. Riley Retail Solutions
B. Riley Retail
Solutions efficiently leverages its sector expertise and deploys
resources to assist companies, lenders, capital providers, private
equity investors and professional services firms in maximizing the
value of their assets. The firm is a leading provider of asset
disposition services specializing in large-scale retail
liquidations. B. Riley Retail Solutions is a subsidiary of B. Riley
Financial (Nasdaq: RILY), a diversified financial services platform
that delivers tailored solutions to meet the strategic,
operational, and capital needs of its clients and partners. For
more information, visit www.brileyretailsolutions.com.
CONTACT:
Jo Anne McCusker
646-885-5485
press@brileyfin.com
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SOURCE B. Riley Financial
