Posts by Scott Green
BikeExchange Eyes Latin America as Next Focus
Melbourne, Victoria Melbourne-based company BikeExchange has revealed plans to expand its operations in Latin America, outlining the strategy while unveiling a quarterly business update that shows healthy growth for the company in general. During an online presentation for investors and media late last month, BikeExchange Global CEO Mark Watkin said the company would acquire the…
Lithuanian Factory Continues Pon.Bike Growth
Kėdainiai, Lithuania Dutch bike giant Pon.Bike has announced it will build a new factory Lithuania, as the company steps up its production capacity in a number of countries. The Lithuanian factory is scheduled to open in 2024 and will be capable of scaling up to produce 600,000 bikes annually for several of its brands, including…
Industry Demands Crackdown on “Bikes Built to Fail”
Denver, US An alliance of US bike stores, mechanics and cycling advocates has launched a campaign to end the manufacture of what they call “built-to-fail bicycles”. The campaign, spearheaded by the program director of Denver-based cycling advocacy group Bikes Together, includes an online petition calling upon cycling industry manufacturers to “stop producing and selling bikes…
BikeExchange Purchase Set to Deliver Massive Growth for Kitzuma
North Carolina, US BikeExchange Limited’s recent purchase of US-based ready-to-ride bike delivery and logistics business Kitzuma is set to bring fast and substantial growth for both organisations, according to executives from the two parties. Melbourne-headquartered BikeExchange is listed on the Australian Stock Exchange under the code BEX. The US$3.375 million ($A4.75 million) purchase, announced on December…
COVID Sales Boost Hits Second Wave
Sydney NSW Australia’s COVID-induced surge in bike industry sales is entering a second wave, with many cycling newcomers ready to step up their equipment, according to industry veteran Robert Thomson from Sydney store Bicycles Plus. Robert said he was starting to see a surge of buyers keen to upgrade to bikes more fitting to their…
Trek Adds More Stores in US and Australia
Waterloo, Wisconsin, USA Trek Bicycle’s buying spree of bike stores in the US has continued with the recent purchase of 13 outlets in Baltimore and Washington DC. The founder of the Spokes Etc chain of stores in Washington DC, Jim Strang, last week confirmed the sale of his business and its six locations. The sale…
Western Congestion Slowing Global Shipping
Hamburg, Germany Port congestion in Europe and the US is continuing to impede the recovery of global shipping supplies, at a time when turnaround times for containers in China have reached an all-time low, according to a report by the world’s leading logistics technology company. As the rush to get exports to buyers escalated last…
Rapid Growth Looming for Electric Bike Company
Perth, WA Major expansion is on the horizon for WA e-bike specialist The Electric Bike Company, which opened its second store just before Christmas and is now evaluating opportunities for further sites in the very near future. Just weeks after the launch of its Joondalup store, 30 minutes north of the Perth CBD, The Electric…
Felt Bicycles Sold
Rancho Santa Margarita, California, USA Felt Bicycles has celebrated its recent acquisition by Austrian company Pierer Mobility as the “most significant milestone” in the 30-year history of the Californian bike manufacturer. “We join forces with a new partner that, like us, has long championed cutting-edge innovation, obsessed over the world’s finest product design and is,…
COVID Assistance for Businesses and Individuals
Canberra ACT The challenges of operating a business in a world grappling with COVID have spilled into a new year. Fortunately, pandemic assistance is available to businesses and individuals in most states of Australia. For individuals, most states and territories have ongoing individual support packages for people who are positive with COVID and unable to…