Posts Tagged ‘99 Bikes’
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…
Two Bike Shop Related Software Businesses Recently Acquired
Point of sale company Vend has recently been acquired by a competitor in this marketplace, Lightspeed. We recently posted a company feature about Vend which you can read here. The Auckland-based independent company has an office in Melbourne and a significant user base of bike shops in both Australia and New Zealand. Lightspeed is also well…
Bikes International and Five Bike Barn Stores Acquired by The Pedal Group
The trend for closer integration between Australia’s and New Zealand’s bicycle industries is about to continue with a major acquisition by the Queensland based Pedal Group, the entitity includes Advance Traders and 99 Bikes. “We take over five shops on 1st July and we also buy the Bikes International wholesale stock on 1st July,” said…
Inside 99 Bikes’ Unique Team Structure
– Sponsored Content – 99 Bikes now employs a staggering 430 team members across 45 stores and head office positions. We recently spoke to three 99 Bikes team members to find out more, starting with 99 Bikes’ co-founder, Matt Turner. Contrary to some misinformed external perceptions, 99 Bikes not only prefers to employ people on…