The story
Felt was founded by Jim Felt in early 1994 when Felt products were distributed by Answer Products. Felt nearly disappeared from the domestic market following a fallout with Answer after a seven-year relationship. The brand was relaunched in 2001 as an independent company.
On February 3, 2017, Rossignol Group announced the acquisition of Felt Bicycles. The announcement noted that Felt had grown to $60 million in revenue at the time of sale, though terms of the acquisition were not disclosed.
Rossignol announced in March 2022 that it is selling Felt Bicycles to Pierer Mobility (KTM).
From Wikipedia’s article on Felt Bicycles, shared under CC BY-SA 4.0.4