Hot Wheels is the firm favourite to take over and Russell Merry of Hot Wheels said he is optimistic that “GT and Schwinn will return to the UK market very soon, but there are a number of i’s to be dotted and t’s to be crossed before an official press release.”

Hot Wheels to get Schwinn/GT distribution?

ALSO: IBDs suffering from a shortage of BMX bikes (some suppliers have run out of top-end models) may wish to contact the receiver of Schwinn/GT. Lee Manning of Kroll Buchler Phillips of London still has a considerable stock of Schwinn/GT 2001 bikes. Details on 0117 9 528661.

Pacific, the new owner of Schwinn/GT, has confirmed it will be honouring all previous warranties on Schwinn and GT bicycles.

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