Posts Tagged ‘BikeExchange’
BikeExchange Scraps Kitzuma Ready-to-Ride Delivery Service
North Carolina, US Online bike retailer BikeExchange (BEX) has announced it is scrapping the ready-to-ride bicycle delivery service by its Kitzuma subsidiary in the US, which it had earmarked to be replicated in its existing markets. During BikeExchange’s half-yearly financial report to shareholders last week, the company declared it would not be resuming Kitzuma’s ready-to-ride…
Decision Looming on Kitzuma Future
Melbourne, Victoria Online retailer BikeExchange has foreshadowed it will soon make an announcement on Kitzuma, the US bicycle delivery service it purchased in December 2022 in the hope their synergies would deliver rapid growth for both organisations. However, BikeExchange (BEX) executive have stated Kitzuma has been “burning a lot of cash” at a time when…
New BikeExhange Partnerships Aim For Better Online Customer Experience
Melbourne, Victoria Online marketplace BikeExchange (BEX) is embarking on new partnerships with industry-leading e-commerce software companies in a bid to improve the experience for its consumers and retailers. The Melbourne-based company this month announced it is partnering with German firm commercetools and NZ organisation Overdose to upgrade its “technology stack to a best-in-class, composable commerce…
US Court Upholds Fraud Claims Against BikeExchange Subsidiary
North Carolina, US A US court has upheld claims of fraud, misappropriation of trade secrets and common-law unfair competition against BikeExchange’s bike delivery service, Kitzuma. The US General Court of Justice – Superior Court Division refused submissions by Kitzuma and two of its founders to have the claims dismissed. The hearing on 30th November was…
BikeExchange Appoints Former European Head as New CEO
Melbourne, Victoria BikeExchange has promoted its Group Chief Operating Officer, Ryan McMillan, to the role of CEO, elevating the man responsible for the European operation that is now a blueprint for the organisation’s global activities. The online bike goods retailer announced the appointment in a video call for its investors on 31st August, a presentation…
BikeExchange CEO Resigns Amid Multiple Challenges
Sydney, NSW BikeExchange co-founder Sam Salter has temporarily stepped into the company’s CEO role, following the abrupt resignation of Mark Watkin from the position. The Melbourne-based company last week issued a statement announcing Mark was stepping down, effective immediately, but would remain with the company in the short term to ensure a smooth handover. “As…
BikeExchange Signs Partnership with Top US e-Mobility Firm
Miami, US Melbourne-based online retailer BikeExchange has boosted its presence in the e-mobility market by signing a partnership with US company Simply EV. The Simply EV chain of more than 50 stores and e-commerce sells a range of e-bikes, e-scooters, electric motorcycles, e-marine and accessories. It is part of Revolution Brands International and stocks one…
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…
Which Bike Company is the Most Valuable?
Wollongong, NSW Bike Europe recently published a table – sourced and updated for many years by journalist Jo Beckendorff – of 45 bicycle-related companies around the world that were listed on a stock exchange as at the end of 2021. With so much money flooding into the bike industry, more outside investors than ever are…
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…