Decision Looming on Kitzuma Future

Person loading bicycle into delivery van

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 Cinelli and Columbus Owner Pledges to Restore Brands

Cinelli bike frame

Milan, Italy Italian heritage brands Cinelli and Columbus are part of a business takeover by a US company with its roots in fashion and reputation for building and restoring brands. Asobi Ventures this month confirmed it has now acquired 100% of Gruppo Srl, which includes Cinelli and Columbus – two brands with a combined history…