LeBron James Investment Boosts Canyon’s US Ambitions

LeBron James with students

Koblenz, Germany Basketball superstar LeBron James has stepped up his status as one of the world’s most high-profile cycling advocates, with his ventures company investing US$30 million (A$42.9 million) in rising German bike company Canyon. A leading direct-to-consumer manufacturer of premium bikes, Canyon last month announced a strategic equity investment led by LRMR Ventures –…

Online Brand Canyon’s Sales Top $650 Million – With Huge Buyout Rumoured

German based global manufacturer Canyon saw its global sales grow by 30% to 400 million Euros (A$656 million) for its most recent financial year. Canyon, which only sells online, has had a Melbourne based Australian office for several years. Canyon ships customer orders to Australia individually via air freight and does not hold stock in…