Business

Partnerships, acquisitions and investment news throughout the cycling industry

Once again, December is sale time on Triumph Road

In mid-December theres going to be another auction of manufacturing equipmenrt at a bike-trade factory site on Triumph Road, Nottingham. At almost the same time last year it was the Raleigh plant up for grabs, this year its whats left of the Sturmey Archer machinery

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Sturmey sale was exceptional transaction for Derby

The Beatles will never make it as a band. Thats the kind of prognostication that can haunt you for the rest of your life. Has Gary Matthews, CEO of Derby, ever written any choice quotes that he may now regret committing to record?

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Sturmey Archer will be liquidated

After twice visiting the Sturmey factory and for the first time being put fully in the picture, Barry Robinson has decided theres no way a rescue did can be conducted using Sturmey equipment as collateral so administration is no longer an option

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Derby on the defensive

Gary Matthews, MD of Derby, says hes distressed about the loss of jobs at Sturmey Archer but that due diligence was carried out to make sure Lenark was a suitable candidate for taking on such a famous and long-standing marque

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Blunkett wades in to help Sturmey Archer

Thanks to lobbying by Nottingham South MP Alan Simpson who was at yesterdays creditors meeting, championing Sturmey Archer the Education and Employment Secretary David Blunkett has voiced his concerns about the Lenark/Derby deal

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Whyte aims to get its folder under £1000

First talked about when the Whyte Preston was still vapourware, the Whyte folding bike also designed by suspension supremo Jon Whyte wowed IBDs at the ATB Sales roadshows. The prototype would cost £1500 but the aim is to get the production version down to under a grand

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The death of Sturmey Archer: whos to blame?

Since the news broke on September 17th, the trade-only part of www.bikebiz.co.uk has been running an average of two stories per day about the shameful destruction of Sturmey Archer. The DTI may launch an investigation; MPs are to ask questions in the House of Commons; government ministers have expressed their concern; the Mail on Sunday has devoted full pages to the shocking story four weeks in a row. Click on through for the full, sorry saga

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REVISED: Raleigh to put down new roots

Raleighs 100-year connection with the Nottingham suburb of Lenton will come to an end within three years. By autumn 2003 the company will have moved to a £14 million, 14-acre, purpose-built facility five miles north in Bulwell

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