Fridrich Bicycle hitting the brakes, set to close at the end of August after 141 years in business
WEWS: Laura Bonnet, director of the Center for Family Business at Weatherhead School of Management, lent her expertise for a story about a family-owned bike shop closing after 141 years in business. “When you have some retailers like Walmart…saying this is where we’re setting price because now we have too much supply for demand, it’s hard for the family businesses to keep up with that,” she said.