State of the industry: a running thread

[brocklanders023]

If this is true (need to fact-check!) then this is a sorry state of affairs and that last point, a brilliantly awful example of just how mental the (state of) industry is.

I could be wrong but I read that as it's the price the 'new' Orange are paying for the old stock so just enough basically to satisfy the administrators?

Reading through it though I can see plenty of other companies folding, especially if they don't have the building assets Orange did.

 

[Titiritero]

Escape Collective, an online cycling magazine, is currently running a 4 episode podcast series about the whole bike industry crash. 3 episodes have already been published.

https://escapecollective.com/how-did-the-bike-industry-get-into-such-deep-trouble/

 

[al-onestare]

Escape Collective, an online cycling magazine, is currently running a 4 episode podcast series about the whole bike industry crash. 3 episodes have already been published.

https://escapecollective.com/how-did-the-bike-industry-get-into-such-deep-trouble/

So good it was posted yesterday 2 pages back

 

[Titiritero]

So good it was posted yesterday 2 pages back

Oopps, I missed it, sorry!

 

[synchronicity]

I didn't know this (until today)

Pushys acquires Bikebug​

https://velo.outsideonline.com/road/road-culture/australian-industry-news-pushys-acquires-bikebug/

 

[bikeworkshop]

In 2024 the world's Number one and number two add up to diddly squat.
The merger probably got them a new, bigger bank loan though, so i would imagine the execs all took a pay rise and some share options...
that they would have sold as soon as they could obvs - I mean they aren't stupid, are they?

 

[bikeworkshop]

Is it just me, the use of the phrase "on the same team" makes me want to vomit?

 

[synchronicity]

Basically this is the OZ version of CRC/Wiggle merger.
It sucks. There will be less competition.

 

[highlandsflyer]

Yet, even that amalgamation apparently didn't save them.

 

[FluffyChicken]

Yet, even that amalgamation apparently didn't save them.

But why did they then sell up to SSU, which is what ultimately killed them.

Just to get bigger or financial problems?


As a side I think the same financial purchase 'model' SSU used when getting them is what was used for ToysRUs UK bringing the same ending.
https://www.bbc.co.uk/programmes/m001tj0kThe Toast series are quite interesting.