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…

US Court Upholds Fraud Claims Against BikeExchange Subsidiary

Ryan McMillan standing with bicycle in background

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

Ryan McMillan

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…