One of the most iconic brands in the history of cycling is facing a challenging future. Campagnolo revealed this week it was laying off 40% of its workforce. The Italian components manufacturer has let go 120 employees out of 300, warning that there ‘is no alternative.’ It said there would or else be ‘dramatic consequences for the company and for the city of Vicenza.’
A company statement cited by the Italian publication The Gazzettino and later reported by road.cc said that “the balance sheet data until 31 May 2025 show that in the financial years 2023,2024,2025 the loss exceeds 24 million euros.”
It added that “in the face of these arduous numbers, due primarily to a really heavy sectoral situation that applies to Campagnolo as for its competitors around the world, the shareholder has signed a financing, between November 2024 and December 2025, of 10 million euro.”
Despite that loan, the situation remains very challenging, something it said necessitated the redundancies. “Liquidity, today, cannot guarantee a continuity of business under the current conditions. So, together with a necessary ongoing product development plan, relaunching is not possible without a very vital cost rethink, at all levels.”
The company, like Shimano and others, has faced headwinds since the end of the Covid-related boom in the industry.The brand was founded in 1933 by the Italian tullio Campagnolo, some three years after he patented the quick release hub. this was the first of more than 135 patents. The company patented a sliding hub dual rod-operated back derailleur in 1940 and introduced many more innovations to the sport. It was used by cycling legends such as Fausto Coppi, Eddy Merckx, Greg LeMond, Miguel Indurain, Tadej Pogačar and others.
Though its once widespread presence in the pro peloton dwindled in recent years. It was wholly absent from the WorldTour in 2024, but
Campagnolo Faces Financial Difficulties, Announces Restructuring Plan
Italian cycling component manufacturer Campagnolo is undergoing a significant restructuring process due to financial challenges.The company announced a plan this week aimed at securing its future, including a 40% reduction in labor costs at its Vicenza, Italy headquarters. This move will regrettably result in a reduced workforce at the site.
Campagnolo also operates a manufacturing facility in Romania. The restructuring plan is being presented to institutions and potential partners in an effort to revitalize the company and ensure its continued operation in vicenza, not just as a technical leader but as a financially sustainable entity.
The company’s sponsorship portfolio has considerably decreased in recent years. While previously supporting 27 teams across various levels in 2014, Campagnolo will back only four teams in the men’s and women’s pelotons in 2025, including Pro Continental and Continental level squads.
Despite these difficulties, Campagnolo’s relationship with the Cofidis team does not appear to be immediately affected. however, Cofidis faces potential WorldTour relegation in 2026, with Uno-X currently positioned to take their place.
Campagnolo has recently released innovative products,including the Super Record 13-speed groupset and the gravel-specific Super Record X,which have been well-received. the company’s contributions to the sport of cycling have been ample, and many hope to see it overcome these challenges.
https://velo.outsideonline.com/road/road-gear/campagnolo-financial-troubles/