Arnold, Schwinn & Company

Place: Chicago

Born: 1895

Death: 1992

Biography:

Schwinn is an American bicycle manufacturing company founded in 1895 by Ignaz Schwinn and Adolph Arnold in Chicago, Illinois. The company became the dominant manufacturer of American bicycles in the early 20th century. In 1938, Schwinn introduced the Paramount, a high-end racing bicycle. The company's bicycles were known for their quality and durability, and the Schwinn name became synonymous with American-made bicycles. In 1992, Schwinn declared bankruptcy and was restructured. In 2001, the company again declared bankruptcy and was purchased by Pacific Cycle, which is now owned by the Dutch conglomerate, Pon Holdings. Despite the changes in ownership, Schwinn continues to produce high-quality bicycles under the Schwinn name.