Zwift, Now Valued at Over $1.37 Billion, Developing Its Own Trainer

Zwift, a 350-person, Long Beach, California-based online fitness platform that immerses cyclists and runners in 3D-generated worlds, just raised a hefty US$450 million (A$616 million) in funding led by the investment firm KKR in exchange for a minority stake in its business. Permira, the Amazon Alexa Fund and Specialized Bicycle’s venture capital fund, Zone 5…

Trek and Specialized Make Major Responses to Black Lives Matter Movement

The two biggest USA based cycling brands, Trek and Specialized and have separately made major announcements in response to the Black Lives Matter movement. Trek’s owner and President John Burke made this blog post on 2nd June entitled ‘When Justice is Not Enough’. He followed this with a six point announcement of what Trek would…

Bicycle Wholesalers Share Their Thoughts on Current Situation

In addition to surveying 25 retailers for this month’s newsletter, we sent emails to CEO’s of 12 of the largest bicycle wholesalers in Australia. We focused upon companies who mainly import complete bicycles, as opposed to P&A. Next month we’ll contact some P&A specialist wholesalers for their opinions. Thanks very much to all those who…

Specialized to Donate $150,000 for Bushfire Relief

Each year Specialized produce a limited edition Tour Down Under Collection.  But this year’s media release included a remarkably generous donation announcement. The release explained, “This year’s collection has been inspired by the speed and colour of the Australian Budgie – an Allez Sprint Disc, Evade and Prevail helmets, S-Works 7 Shoes, even socks and…

Major Specialized Dealer Sells to Trek

The Cyclery

The Cyclery, a large, extremely well presented store in Fyshwick, ACT has just been acquired by Trek Bicycles Australia. For owners Trevor and Janie Rix, it’s the second time that they’ve successfully sold a bike shop. In 1991, they originally started working in what is now known as Lonsdale Street Cyclery, in Braddon, immediately to…