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…

BikeExchange CEO Resigns Amid Multiple Challenges

Mark Watkins (right) and Sam Salter

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 Co-Founder Returns to New Full Time Role

Sam Salter has returned to work in the company that he co-founded with Jason Wyatt 15 years ago. He will take up the newly created role of Chief Sales and Partnerships Officer. Sam is currently a non-executive director of BikeExchange Limited, a role he’ll retain. Sam is also the co‑founder of Marketplacer, which operates a…

BikeExchange ASX Float is Underway Seeking $20 Million

BikeExchange’s prospectus cover.

Following on from our article last month in which we reported that BikeExchange appeared to be preparing to float on the Australian Stock Exchange (ASX), the initial public offering (IPO) is now underway. Bike Exchange is seeking to raise $20 million at 26 cents per share. Because they’re only offering to sell a portion of…