suspendedanimation
In fact, the only company I can think of where it might apply would be Atherton with their new technology and methods.
I think Robot bikes may have absorbed a lot of the initial cost there, they failed before Atherton took over.
Orange havent gone anywhere yet , id be hard pushed to look at any other bikes, getting me back on the trail with various warranty claims they have been superb . Great bikes and great staff , trim down the range and a restructure they will rise back to the top .
sheepshifter
Orange havent gone anywhere yet , id be hard pushed to look at any other bikes, getting me back on the trail with various warranty claims they have been superb
What went wrong, for those of use who are interpreting your comment as "I had an Orange which broke more than once"?
Or 'I had more than one Orange that broke'.
A bottle can be squeezed in on some Orange frames. It’s a bit Heath Robinson though and also shock specific as there isn’t a lot of room there.
I mostly use a bladder and use the bottle when it’s hot out and I don’t want a sticky back.
Can’t see me getting rid of this bike. Almost 7 years old, still hasn’t let me down and still rides well.
EDIT: Eh? I replied to the other thread and my post ended up here. Well I thought I did.
My money is on Orro going in February...
Not long before the website will be back up. 👍
Companies that took 'outside' cash during the covid upturn are the ones seemingly in the most trouble, those and obviously the ones that expanded to meet demand that didn't continue.
I can see a few of the small component manufacturers fitting into that by how things look.
Its also obvious Cotic are in damage limitation mode, selling of groupsets etc at bargain prices - hopefully they get back on track, Cotic are one of the good guys for sure.
Has anyone else seen that video of an Orange (2 and whatever the other two numbers are) DH frame breaking into several pieces on landing a drop off, when those things fail they go big time, they practically disassemble. Hopefully someone uploads it.
Reported in cycling weekly that Scott has taken a £137M loan from their parent company to stay afloat
Wow, you could buy Orange and CRC for that (probably).
I've always assumed Scott are selling a lot of bikes on the continent because the number of them that I see here doesn't match up to what I can see they're spending on marketing.
Wasn't there discussions that they'd been making £20m+ profits each year....I kinda got confused after reading that.
from the article the loan is to help their liquidity. Holding large inventory, especially parts etc. and where for that inventory on paper they could not quickly or reliable be converted into cash, impact a company's hard liquidity tests of financial health.
At least they have a sufficient liquid parent to assist.
Speaking of roadies/Campag I heard Rapha might be in trouble too. Anyone selling expensive luxury items are going to struggle in the current economic climate. Job vacancies in my line are down about 70% YoY, I know several people who were made redundant in the last 6 months and read about hundreds more, the big recruitment consultancies have been chopping hundreds of roles as there are no vacancies to chase. The US national debt is now over 30 trillion dollars, defaults on US car loans are running at 60%, banks are getting increasingly desperate, in the UK we're still suffering the effects of QE money printing to finance the lock downs, the dollar is no longer the currency of oil trades, Middle eastern ahem instability doesn't help. And just feeding and clothing the family and paying the bills with a little left over for an annual holiday is a struggle for many.
and all signs are it's going to get much worse before it gets better.
On the plus side I hear Kier Starmer's crowd have a great track record when it comes to managing the nation's finances, so at least there's hope for the end of the year right?
Weren’t Rapha bought out by Walmart or something? I was pretty sure they have some very rich owners now. I could be wrong (I often am).
@noeffsgiven - not seen the video, can you link it so we can all see it please. I have seen the one where the front end snaps off the GT Fury at a WC race though. All bikes will fail at come point, and depending on where it will be big or small.
Scott (and the wider Scott Sports group) are massive, they are under-represented here in the UK i think relative to the size of their market share in Europe.
As for
Scott Sports has received a loan of CHF 150million (£137m, $174m) to help “improve its financial structure” and balance its high stock inventory.
Well I've just bought (Link(in) a Scott product at half price because it was sitting around in the UK warehouse for a year... they had three of them, so thats potentially 15 grands worth of 'sale' that was gathering dust... that quickly multiplies up a bit doesnt it!
@snotrag - do you have details of where they were being sold cheap? I'm very much an external cables and alu type, but have a friend who has one of these as his dream bike, if they are available cheap in small size he'd be all over it
Well I’ve just bought (Link(in) a Scott product at half price because it was sitting around in the UK warehouse for a year… they had three of them, so thats potentially 15 grands worth of ‘sale’ that was gathering dust… that quickly multiplies up a bit doesnt it!
Not really related to any manufacturer but it does point to a problem with having a 'new' model each year. If you have any stock that sits there too long at some point it suddenly loses 30% of it's value.
Personally I wouldn't be sorry to see the back of model years.
I thought they were very expensive for the spec, but always dismissed it as part paying for the name and partly so many people raving about how much they loved them
Nothing at all about UK manufacture...?
I'd never buy something ugly and expensive that I don't really want, just because it's made in the UK.
I’ve always assumed Scott are selling a lot of bikes on the continent because the number of them that I see here doesn’t match up to what I can see they’re spending on marketing.
I was in Switzerland a few years back. The hybrid/low end xc hardtail for riding around forest paths and bike lanes seemed to be near exclusively Scotts.
Proportion of profit from them vs high end wunderbikes is probably significant, but we only see the high end models in the UK.
Speaking of roadies/Campag I heard Rapha might be in trouble too.
A £12 million loss apparently, but ' an independent auditor said that they have not identified "material concerns" that could cast any "significant doubt" over Rapha's future, at least for the next twelve months from when the financial documents were issued'. So that's okay then...
https://road.cc/content/news/rapha-announces-loss-ps106-million-304903
So that’s okay then…
In that report you linked (thanks for that, interesting reading) The CEO was talking about making "negative profits" I'm using that the next time I'm reporting the financial position here.
Anyway, who's next, could be anyone, who knows what they're all hiding? Zwift have reduced staff by 15%, Spesh have cut staff by 8%, even Shimano had a terrible year.
