Posts by Phil Latz
Five Times Tour Winner Bernard Hinault Pledges Support to Mavic Restructure
As we previously reported here, iconic French brand Mavic was recently placed into receivership. According to the French sporting newspaper Lequipe, The rescue bid has inched forwards with five-time Tour de France winner Bernard Hinault’s support, who has gone public with his involvement. He joins a team of Ronan Le Moal and Didier Poulmaire, who…
ACCC Issues a Recall on Certain Avanti Bicycle Models
On 7th June 2020 the Australian Competition and Consumer Commission (ACCC) issued a product recall announcement for certain Avanti road bike models. Specifically, Avanti Corsa SL Bicycles and Framesets for Model Years 2014-2018, Avanti Corsa ER Bicycles and Framesets for Model Years 2016-2018 and Avanti Giro C Bicycles for Model Years 2016-2018. In Avanti Corsa…
City of Melbourne Commits $16 million for First Stage of Cycleway Upgrades
Hundreds of car parking spaces will be removed across Melbourne’s CBD over the next two years to make way for 40 kilometres of bicycle lanes being fast-tracked across the city. The measures follow large increases in the number of people cycling into the city centre during the COVID-19 pandemic – with some bike routes recording…
Major Bike Companies’ Share Prices are Hitting Highs
With the Covid-19 induced global bike boom showing no sign of abating, share prices of listed bicycle business including Giant, Accell Group, Thule Group, Fox Factory, MIPS and Dorel Industries (owner of Cannondale, Mongoose, Schwinn, GT etc) have been on the rise. Shimano quickly zoomed past the price it was trading at before the pandemic…
VicHealth To Support We Ride Australia for Cycling Campaign
Time Bike and Pedal Business Has Been Sold
Groupe Rossignol has announced the sale of the Time bike and pedal business to WhaTTfornow, a four-year-old e-bike brand. Rossignol said it would concentrate its bike market activities on its Felt and Rossignol bike brands instead of Time, which has failed to reach sales goals since its acquisition in 2016. According to the release, the…
Trek and Specialized Make Major Responses to Black Lives Matter Movement
The two biggest USA based cycling brands, Trek and Specialized and have separately made major announcements in response to the Black Lives Matter movement. Trek’s owner and President John Burke made this blog post on 2nd June entitled ‘When Justice is Not Enough’. He followed this with a six point announcement of what Trek would…
Work Life Balance
Surveys show that self-employed business owners on average work longer hours than typical wage earners. You don’t have to scratch too far beneath the surface with many business people before you’ll hear a comment like, ‘I know I should be spending more time with my family’ or ‘I wish I could spend more time with…
Taking Personal Responsibility
The world of business can be brutal. There’s no safety net. It’s survival of the fittest. If you have a tendency to sugar coat the facts or worse still, avoid them entirely, then there’s a strong chance that they will come back to bite you. You need to take personal responsibility for your actions and…
How’s Business – June 2020: Special Expanded Edition!
It was already obvious from last month’s How’s Business responses that the Covid-19 virus has caused an unprecedented boom in demand for workshop services and certain categories of bicycles and P&A. This month I wanted to share more detailed information about which categories of bikes and P&A in particular are in the shortest supply, along…