Head Sport, the Austrian firm best known for its skis and tennis rackets, has acquired Advanced Sports Enterprises (ASE), the parent of Performance Bicycle and cycling brands including Fuji, SE Bikes, Kestrel, and Breezer, for $21.5 million at a bankruptcy auction. Advanced Sport Enterprises, parent to BMX brand SE Bikes, as well as other marquee brands in the cycling industry, such as Fuji and Kestral, filed for Chapter 11 Bankruptcy protection on November 16. The company was heavily invested in retail, via its Performance Bicycle shops, which operated in 19 states, with over 100 locations. The retail bicycle business is definitely not what it used to be– and that, coupled with being admittedly undercapitalized, led to the circumstances that precipitated the filing.
Last week, an auction was held in order to sell off key assets of ASE, which reported liabilities of over
Name shop: 360 Grad Sportshop Location: Lohhof/Munich, Germany Years in business: 28! years Employees: 3
What was the reason for you to start a BMX shop? 360 Grad Sportshop: In 1990 there was no real BMX shop in the Munich area no more. As my friends and me were still riding and always needed spare parts, I started to order a bunch of spare parts, so we didn’t have to wait to get them via mailorder. As I was never really into working a regular (and boring) job, the idea of opening my own BMX store became more and more interesting. In 1991 I started the
Luxemburg-based Broadcasting Center Europe (BCE) has fully acquired Freecaster, an online video service provider specialised in production and streaming of content. The transaction closed on 1 January 2019 with Raymond Dulieu remaining the CEO of Freecaster.
With this acquisition, BCE strengthens its production capabilities and furthermore expands its footprint in the live and on-demand streaming of content. Chief Executive Officer of BCE, says: “At BCE we have already developed advanced online video solutions for the market. These will be complemented by the know-how and recent developments of Freecaster which allow us to strengthen our offers and accelerate the development of our non-linear portfolio,” said Frédéric Lemaire, CEO of BCE.
“Since May 2018, BCE has successfully collaborated with Freecaster in live-streaming of events such as The Spot (the international sport innovations event) and the Montreux Volley Masters. I am looking forward to taking our collaboration to the next level and offering even more targeted and high-tech solutions to our clients.”
Raymond Dulieu, CEO of Freecaster, added: “Over the past 15 years Freecaster has grown from being the leading global extreme sports video platform to becoming a live 4K video production and streaming service provider to fashion houses, music festivals and broadcasters. Integrating within BCE will reinforce the company from a managerial, financial and technical point of view. It will also allow Freecaster to further offer its customers the high-end support and level of customisation they have
Box Components, a growing and committed company in the BMX and MTB industries, announced today that Bill Roberts-Ross has been appointed Sales Manager effective January 7, 2019. Bill and his team will continue to drive the company's mission to connect man and machine, driving domestic and international customer acquisitions.
Box is in a period of global expansion and looking to grow its sales force in North America and Europe. "Bill is ideally suited to lead our domestic and international sales based on his deep industry knowledge, outstanding track record, and his commitment to customer success," said Toby Henderson, President of Box Components. "Bill's broad experience provides him with the necessary
The USA Cycling Board of Directors has named Rob DeMartini as president and chief executive officer of USA Cycling. DeMartini joins the organization from New Balance Athletics, Inc. where he spent the last 12 years as president and CEO. He will begin his new position in February 2019. “Our entire Board and management team enthusiastically welcome Rob as our new CEO. His passion and ambition for both the future of USA Cycling and our sport is inspiring. He also brings the proven leadership, commercial skills and resources to elevate USA Cycling and to do more for our members, partners and athletes,” said Bob Stapleton, USA Cycling Chairman of the Board.
During his time at New Balance, DeMartini accomplished one of the highest periods of growth in the athletic footwear and apparel industry, driving the company from $1.5 billion annual revenue in 2007 to $4.4 billion in 2018. He led the expansion of international sales and guided the brand as it regained its position as a leader in specialty running while also focusing on cultivating company culture.
“As I join USA Cycling, I look forward to working closely with Chuck Hodge (chief of racing and events)
Name shop: Source BMX Location: Hastings, UK Years in business: 16 years in March 2019 Employees: 54 including part time and everyone at the Source Park and Café.
What was the reason for you to start a BMX shop? Source BMX: It was a combination of not having a shop serving BMX shop in our area (they had all closed) and my brother and me looking for something to do. It was just a random set of circumstances that fell in to place rather a master plan. A small BMX shop in Bexhill wasn’t really a viable business so we had to figure out a way of making it work – by making the scene bigger and selling mailorder.
What was your first location like? Source BMX: Small!! It wasn’t much bigger than an average bedroom with room for about 30 t-shirt’s on a rack, 6 completes and a cabinet and wall full of parts.
How did your first year turn out? Source BMX: It was hard - we had a turnover of £68,000 which didn’t really breakeven or pay me a wage but I was 18 and living with my parents so didn’t need much money. Rich was at Uni so the first
Name shop: Kings Rideshop Location: Palm Desert, California Years in business: Almost 15 years Employees: No just people who care
Is running a BMX shop something you've always wanted to do? Kings Rideshop: I wouldn’t say that. I worked at a shop pretty young and saw how hard it was on the owner of that shop and never wanted to be in that spot, but since I've had the shop I do enjoy the
Name shop: Volt BMX Location: London, England Years in business: 9 Employees: Just me and some friends help sometimes!
Did you ever go to school to learn how to run a (BMX) business or did you just 'send it'? Volt BMX: No, I worked in an other shop for many years, I think if anyone is wise enough to go to business school they wouldn't be doing BMX related business!
Were your BMX industry contacts already made before you started your shop, or did you meet more people along the way? Volt BMX: Already had most contacts, met some along the way.
Who are some of the people that helped out in the beginning, setting up the BMX shop? Volt BMX: Many people helped out set up, and it was quite an epic set up. The place was empty for 17 years before we moved in, it was a mess. We had a new roof put on and the whole interior was built from scratch. Jimmy Rushmore and Glenn Robson pretty much built the wood stuff, shelves
Name shop: Signature BMX Location: Vantaa, Finland Years in business: 13 years on January Employees: 2, Mikko Suni full-time, Antti Huotari part-time.
Did you ever go to school to learn how to run a (BMX) business or did you just 'send it'? Signature BMX: We just sent it and still are sending it. We first thought of having a clothing brand and started selling some bmx bike parts to cover the cost of clothing side. Sales started to pick up before we even had much of a clothing available. Just some shirts under the name of Signature. That’s pretty much what ever happened on that side. We focused on selling bike stuff. It was just a mail order/webshop at first. We pretty much ran it from our home. Our real warehouse/shop/distro came to life after a couple of years. So I guess we’re still learning day by day something new.
Were your BMX industry contacts already made before you started your shop, or did you meet more people along the way? Signature BMX: I knew Niels Thanild and Joe Rich and a few others before the business came along. I went to Interbike the next year as we started and made a lot of contacts there.