Signa Sports with Liquidity issues .... (CRC/Wiggle/Probike/Nukeproof/Vitus)
- Thread starter Stredda
- Start date
ozzybmx
taking a shit with my boobs out
They are all Geoblocked to Shimano, Sram and helmets apart from the honey-holes. Bike 24 have Giro, Pearl Izumi, Garmin, Wahoo, MSR and dozens of others brands blocked too.
ozzybmx
taking a shit with my boobs out
Dodgy time at the moment, wait till its a liquidation sale or something is sorted out with them.
At any stage Administrators could call a freeze on assets and cash to pay suppliers. I'd wait till the dust settles and a clear direction is announced before risking a buy with either of them.
Jabubu
let you google that for me
Well I obviously highly recommend them!
If I were buying again I think I'd go with one of these -
beeb
Dr. Beebenson, PhD HA, ST, Offset (hons)
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...because:
...because:If I were buying again I think I'd go with one of these -
Jabubu
let you google that for me
I highly recommend them because they're great value, they come with standard with quality parts including tyres, and good geometry for aggressive trail riding and also longer rides. The alloy version (Big Al) was very compliant and the higher stack height suited my 195cm height well.
I'd go with a Big Wig if buying again because I've never owned a modern steel bike and having owned a Big Al, I'd love to see how this translates to steel.
bnn.network/politics/rene-benkos-real-estate-empire-on-the-brink-a-crisis-unfolding
saw this link in the comments, so all this because of one guy behind sigma holding borrowing dirt cheap money to buy shit tons of company, now that the snow ball effects of interest rates gone up etc etc shit hitting the fan it seems
hopefully cashed up VC/investor vulture scoop up ragley and nukeproof in the firesale and keep em going
ozzybmx
taking a shit with my boobs out
Wiggle has been going shit for a while. They lost 15 million pounds last year, 100 million this year, these guys are investors/gamblers, its not looking good, get out.
No surprise.
Sam Hill has been posting a few Nukeproof memories on Insta lately. One Nukeproof rider (DJ Brandt) has already announced his contract has been cut short. Presume others will follow.
One article I read was Evan’s was looking to buy. When they used to ship to Aus they were great and good customer service.
One article I read was Evan’s was looking to buy. When they used to ship to Aus they were great and good customer service.
ozzybmx
taking a shit with my boobs out
LPG
likes thicc birds
While I always felt some guilt ordering from CR instead of locally I definitely appreciated what they did and have some good memories of the earlier days. I built a couple touring bikes mostly from them, mostly obsolete MTB parts that were perfect for touring (32 hole MTB hub that doesn't suit discs at 89% off? Perfect) By the time I built my first full suspension MTB the deals were few and far between and stock wasn't good either. Local for some stuff and Ze Germans for things like spokes, rims and Magura parts was the way to go. I don't even check the prices at CR anymore before buying, it isn't worth the time as they are out of stock or no cheaper.
Must be hard for the original family seeing the business they built go down the shitter. Probably wiping their tears with 100£ notes.
Must be hard for the original family seeing the business they built go down the shitter. Probably wiping their tears with 100£ notes.
ozzybmx
taking a shit with my boobs out
Not hard at all, the Watsons are laughing.
$200,000,000au... done.
Mum and dad, avid bike riders, made an existence running a local bike shop, the little guy with the red arrow made a shop that eeked by to a shop that sold top end bikes in 1990 to advertising in MTBUK mag, to a web sales page, to the CRC website that we all loved.
Such a good Norn Irish success story. CRC done everything for the NI MTB scene, it was so good.
Flow-Rider
Burner
Aye!
Art Vanderlay
Hourly daily
How could you say no to full retail price when Chopper Reid had his hand out to take your wad of cash.
Calvin27
Eats Squid
I'd say it had a pretty significant impact on the aus market as well. When crc was rocking free delivery no minimum (remember those?) and ridiculous prices and range, it made getting into the sport a lot easier. Back then brick and mortar were pretty pricey with no competition and the likes of wiggle and cell bikes et al hadn't quite figured it out yet. I think their only legit competition was maybe jenson usa if you were willing to eat the shipping cost with a big order, or torpedo 7.
remember when the AUD was trading at about 1.1 USD too. now that was a great time to wait for the postie to turn up
Jabubu
let you google that for me
I went on a business trip to the US during that time - everything was so cheap!