News
KRUSH Announces Grassroots Scholarships Scheme
A group of Australian bicycle companies have collaborated to create a unique scholarship scheme for up and coming young cyclists. Industry participants included Sea Otter Australia, KRUSH, Bikecorp, Pushys, GravityOZ, Ridemore and Fist Handware. The program was to have been launched at Sea Otter Australia. Unfortunately, as we detailed elsewhere, that event has been postponed…
Iconic Italian Brands Acquired by US Investor
Trek Announces Big Plastic Packaging Reductions
Popular Australian Founded Website Sold – Again…
CyclingTips was founded in Melbourne by Wade Wallace. It was a classic ‘bootstraps home business start up’ which became one of the most popular cycling websites not just in Australia but globally. It was later bought by another Melbourne based business, BikeExchange. In 2019 BikeExchange sold it to Canadian based global mountain bike site Pinkbike.…
Porsche & Yamaha Invest in Online Bike Retailer
Bianchi Invests to Quadruple Italian Production Capacity
As most Australian bicycle trade members, but perhaps not so many consumers realise, most of the famous European brands shifted the bulk of their production to Asia years ago. But faced with ballooning delays and freight costs, plus tight ‘anti dumping’ tariffs, more recently there has been a growing trend to move at least some…
Matt Turner Details the Pedal Group’s Massive Growth
Matt Turner is founder of 99 Bikes and Managing Director of the Pedal Group, which also includes wholesaler Advance Traders. As we documented in this related article, the Pedal Group’s latest full year financial figures show rapid growth to become Australia’s largest bicycle business, with a fraction under $200 million in sales for the financial…
Shimano’s Malaysia Factory Closed Due to Covid Wave
The Shimano component factory in Malaysia has not yet restarted its production following a forced closure. The factory had to shut down completely last week after the Malaysian government issued a total lockdown from June 1 to June 14 considering the situation of COVID-19 in the country. Further delays in the supply chain are now…
Inside Australia’s First $200 Million Bicycle Business
The Pedal Group has just reached a major milestone for Australian bicycle businesses. It has become the first to reach $200 million in annual sales. This business is best known by its two major components, Advance Traders and 99 Bikes. Because a major shareholder of The Pedal Group, Flight Centre Limited, is a public company…
