Friday, March 11 2011 was a sad day for the bike industry: Vancouver-based component and armor maker Race Face shut its doors.
Details on exactly what happened or why are unclear at this point, but the basics are pretty straightforward. Race Face had been in receivership [a process where a company is in financial difficulty with its creditors, and control of its assets and/or operations are put in the hands of a third party whose job is to sort out the financial mess] for some time.
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