Results 326 to 350 of 375
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09-20-2024, 04:32 PM #326
Giant acquired Stages Cycling from bankruptcy.
When Stages was having finical difficulty Giant offered them $20m for 32.5%, and Stages refused the offer.
Then Giant sued them for $14m for unpaid invoices and for misuse of intellectual property rights. Industry insiders believe that this was the straw that broke the camels back, forcing Stages into bankruptcy.
Less than 6 months later they filed for bankruptcy, and Giant has now acquired the bankrupt company for $20m.
What a weird business this bike industry is.
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09-20-2024, 04:36 PM #327
Peak TPC was when they actually sold genuine pro team kit on eBay. I have some United Healtchare and Optum team bibs from 10 years ago that I still wear, probably paid $15 each. They’ve held up way better than fancy consumer grade cycling clothes I’ve owned
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09-20-2024, 06:14 PM #328Registered User
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09-20-2024, 06:15 PM #329Registered User
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09-20-2024, 07:02 PM #330Registered User
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How many times did he use it?
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09-20-2024, 07:10 PM #331Registered User
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Travis' brown chamois?
Or
Travis Brown's chamois?
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09-20-2024, 08:01 PM #332
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09-20-2024, 11:38 PM #333
I got some great used pieces from TPC but I only bought unused bibs. In hindsight I wish I had the nerve to stock on the used ones back in the day. I did pick up a pair of lightly used bibs from the Trek world tour team at a consignment shop for $20 a few years ago, money well spent.
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09-21-2024, 11:41 AM #334
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09-21-2024, 08:34 PM #335
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09-26-2024, 11:30 AM #336
I bought a bike from the TPC before prices got stupid and it was an awesome experience. Pretty sad to see. Honestly whoever signed off on buying bikes at the inflated prices they did should have been fired long ago… but in general how where people in the bike industry so stupid?
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09-26-2024, 12:29 PM #337
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09-27-2024, 12:53 PM #338
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09-27-2024, 01:51 PM #339
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09-27-2024, 02:41 PM #340Registered User
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Ha! I just said this to a guy in the neighborhood that is selling his bike shop and asked me if I was interested in buying it.
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09-28-2024, 01:34 PM #341
Yep. Just posted this in that thread...
I don't work in finance or anything remotely related but even I and most people I know, as consumers, equate VC (scum) involvement with degraded product and/or service and most likely, demise of said product and/or service, all for a very small chance of explosive growth and survival. Easy for VC scum to play that game when they have eggs in many baskets, each representing small relative potential loss for them. For the business owner courting such funding though, how do they not see this? All their eggs are in the one basket that the VC DGAF about. It's one thing to cash out and exit/retire but if you want to keep your business and you're giving it your all, it's tall odds at succeeding in this model.There's nothing better than sliding down snow, flying through the air
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10-01-2024, 08:18 AM #342
Is Cleary joining the tumult?
_______________________________________________
"Strapping myself to a sitski built with 30lb of metal and fibreglass then trying to water ski in it sounds like a stupid idea to me.
I'll be there." ... Andy Campbell
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10-02-2024, 09:01 AM #343
There is some you tube guy who pointed out "Why did they buy a huge warehouse"? I'd add to that, at Boulder Colorado Prices. I haven't lived there for a very long time, but back when we did, the real-estate was more pricey than anything else in Denver area, including Cherry Creek. Their model was portable. they probably could have pulled that off is alot of places where the lease or buy of commercial space was multiples less.
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10-04-2024, 12:12 PM #344
Appears so. Bummer. I had a good run of 16-26” cleary rigs for my kids. Just grabbed a 50% off 26” Meerkat for my 8 year old who will be done with her 24” by Spring ‘25. Heavy but rolls great and I like the look of their bikes. Mostly just get around our pretty flat town, to/from school needs
https://www.clearybikes.comUno mas
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10-04-2024, 12:31 PM #345
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10-04-2024, 01:00 PM #346
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10-04-2024, 01:04 PM #347
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10-04-2024, 01:15 PM #348
Yeah, good prices. Just grabbed a scout. Thanks for the heads up! Bummer they're folding. Kinda surprising, really. Simple bikes so no fancy tooling to get bored down in, and I see plenty of clearys around.
Sent from my SM-S901U using Tapatalk
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10-04-2024, 01:34 PM #349
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10-04-2024, 10:04 PM #350
I ordered a single speed Owl. My older kid is looking silly huge on her Ramones 14 (which is a pointlessly stupid bike unless you live in Whistler and your 3.5-4 year old has been hucking their balance bike off of everything since before they could walk and needs an appropriate fitting 14” bike with the stopping power of a race motorcycle). I wonder if she can skip 16. If not, friends have a couple of free Woom 16s they are giving me this weekend.
Big bummer about Cleary though._______________________________________________
"Strapping myself to a sitski built with 30lb of metal and fibreglass then trying to water ski in it sounds like a stupid idea to me.
I'll be there." ... Andy Campbell
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