So where are all the profits from these overpriced bikes?
So where are all the profits from these overpriced bikes?
Scott Sports is a pretty diverse company with clothing, googles, helmets, ski equipment as well as bikes, so it might be hard to determine where the most profit comes from.
From the bike manufacturing side, you would have to make all the profit from the initial sale, as unlike motorcycles and auto, you sell very little in spares which is a sizable part of the income in those industries.
Every corporate accountant gets excited over a double Irish Dutch sandwich and more so if Panama is involved.
That probably goes under Petty Cash or Sundry expenses. Maybe even under the Entertainment budget?
Rules exist in corporate land almost solely because someone did something the board disapproves of.
singletrackworld.com
Lets see in a years time.Orange Bikes Announces 'A New Dawn'
After a restructure of the business and its associated companies Orange bikes is set to continue under the ownership of Ash Ball.
All I got out of that is the business bled cashYes, it seems that it is true.
Ouch, would be pretty upset if I had an order in as getting money back one bankruptcy is filed is usually very tricky. Makes you think if buying from smaller manufacturers currently is a risk, it’s not like you ask to see their financials before placing an order.
Getting your money back after a company filed for bankruptcy is actually pretty easy compared to getting money back from a company that claims it has no money to give.
Yeah it’s happened to me twice now - once as a creditor (as in I had paid money and needed a refund) and once as a worker - the work one was about 3 yrs and I got all my pay and holidays - the administrator explained that smaller companies are the worst as many purchases are made as company expense when actually personal and making sure you get all the vehicles and assets accounted for takes ages and they often have to seize the items through a court process as the owners hide them or dispose of them and they have to trace it all.
2 weeks ago the same guy did a Pole Sonni buildup and then just days ago one on the factory race team. Funny how quick things change.Yes, it seems that it is true.
Looks as though it was coming in the last 2-3 weeks. No responses from staff.
Probably. I own a bike from GG that went under.
It sucks that it's the guys like GG and Pole who (despite their flaws) build stuff in house. Much bigger impact to the industry than some company who just onsells catalogue frames going under.
www.bicycleretailer.com
when your company gets bought out by a bunch Kents and Dicks...Is Kona next? We know Kona and Marin have been in trouble for while
Where's Kona? Brand sets up then breaks down at Sea Otter
MONTEREY, Calif. (BRAIN) — Kona Bikes employees were tight-lipped Wednesday after the brand's employees set up a display at the Sea Otter Classic expo (which opens Thursday) and then began breaking it down."I can tell you straight away we are not going to have a comment," Caleb Smith, a...