TRON: The world will end next year and the world’s largest tire chain will shut down, according to the company behind a global brand of tires.
Ronda Motors said it was closing the world-famous Ronda Tire in Sweden after two decades in business.
It will now be a tire shop and repair shop.
Ronda, founded in 1998 by Michael and Barbara Ronda, said in a statement that the store would “focus on making our customers’ lives easier and provide them with great service, and we look forward to bringing our passion and experience to the world.”
It is owned by Swiss-based Swiss tire maker, Tires.
Tires has been a mainstay of the European market for decades, but its growth has slowed in recent years as it has focused on premium and luxury brands.
It has also struggled to attract customers in Asia, Africa and the Middle East.
The company has been struggling to meet demand, especially from customers in developing markets.
The company said it would spend about 5.7 billion kronor ($8.4 million) to close the Ronda shop and its dealerships.
Roma, one of the worlds largest tire makers, said the closure would have an immediate impact on the company.
“The closing of Ronda will have a profound impact on our business, with the impact lasting years,” the company said in an emailed statement.
Rondo was founded in 1968 by Michael Ronda and Barbara, who were former students at the University of Illinois, Urbana-Champaign.
Its brands include Ronda Tires, Ronda Road, Rondo Road Bicycles, Rondaeo and Ronda Super Tires and the Rondas and Rondesco brand.
The brand was sold to Tires in 2002 and Rondo Tire became the largest privately held tire maker in the world.
It was sold in 2006 to American tire maker Allstate for $3.2 billion.
The Ronda store, which opened in 2001, sold its inventory to Tikes for about $2.4 billion.
In a statement, Tikes said it is a strong leader in the global tire industry, and R&R Tire is proud to remain a part of our family.
In the U.S., Tikes has about 1.2 million tires on store shelves.
The Tikes deal with Tires has made it difficult for other U.K. retailers to get in on the ground floor.
A Tikes spokeswoman said that the Tikes shop will continue to offer Ronda products to customers and dealers, but that the Ronds store will continue servicing Ronda tires.