'Campionissimo' bike brand up for sale

According to AGI, the Italian news agency, the Girardengo marque is to be offered for auction, along with the factory of Costante Girardengo srl, the manufacturer which was declared bankrupt in 2002. The group's property assets will liquidated separately and the profits will be divided between the 100 creditors. Girardengo was founded in the 1940s by the Italian 'campionissimo' (champion) cyclist, Costante Girardengo
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The factory and marque of Costante Girardengo srl of Frugarolo, Piedmont will offered for auction in March.

The company will be sold at a base price of 1.5-2 million euros The company's property assets will be liquidated separately and the profits divided between the 100 creditors. The brand can only be sold to a company planning to use the name in the bicycle sector.

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