Which Groupset?

I would imagine that a worst case for Campag is that they stop trying to compete at the cutting edge of technology and continue to make great quality, great looking parts for people who are prepared to pay a premium for the best. There is plenty of room for european companies that produce great products and great looking products with cache.

And they may well be able to continue competing at the cutting edge too.

Also, more generally, the days of shifting manufacturing overseas seem to be coming to an end as wages stagnate in the west and rise rapidly in the east. I think that - to a large extent - companies that have survived without outsourcing manufacturing already will be fine now, maybe even do better than those who are facing the prospect of bringing manufacturing back in house / back to europe.

I think they stopped trying to compete on technology a while ago Jeez.

The biggest change they've made in recent years is the front mech on the RS group- and that's probably because someone at Campag HQ had a go on a modern Shimano groupset, then "borrowed" the thinking.