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oh and Nukeproof of course but who would buy the whole thing to get the brand (Again with no stock)
Lunchtime ride ponderings:
They've cleared out Ragley, maybe it was a small brand and wasn't worth much more than the stock?
They've sold off all the Vitus MTB's, but not the road bikes, my guess is they're going to try and package that up as a road brand and sell it separately.
Same with Nukeproof? They sold of the gravel framesets a while back. Leaves the core business of the MTB's as a nice package for someone to take on.
Which just leaves the big-ticket physical/virtual assets of the shopping side of things.
And the assorted other in-house brands (lifeline, DHB, etc), which as mentioned before probably aren't worth all that much as a brand without much of a going concern (see Brant buying Onza for less than the price of a 2nd hand Fiesta). DHB probably doesn't have enough brand recognition to appeal to the likes of Mike Ashley or VC's in their own right, but might appeal to another outdoor clothing brand with no cycling presence, like Rab or Terra Nova, they'd have the resources to bring bits of them in house and make savings. Whereas Lifeline, every distributor already has an in-house brand of tools and consumables so I can't see that surviving outside CRC.
The re-platforming of the ecommerce solution which was part of the website redesign was outsourced
Yeah, I'm not sure how much value there is in a boutique brand like Ragley. They've always been a bit under the raydar.
Its got to a point where ive decided not to renew my Wiggle+
Can't renew anyway - it's not currently available to renew or take out. I tried as mine expired on 27th Dec and queried it on their chat when I couldn't get it to renew. Not surprised TBH as it was mega VFM for the next-day postage.
Oh it was so obvious. That banana industries shop thing with virtually no details of who they are… I thought it smells very Planet X. I did find the company details and went on companies house and BINGO I’m straight on the money davie boy
My money is on Dave buying all the stuff CRC failed to pay the factory for as a highly likely guess.
made my day that.
Neil SuperstarComponents
And apparently a bankrupt bike frames brands whole stock which he is selling back to them in drops as they can afford it to relaunch like nothing happened. Like the bike industry crack dealer🤣
I didn’t know Brant bought Onza, interesting…
Neil SuperstarComponents
Oh it was so obvious. That banana industries shop thing with virtually no details of who they are… I thought it smells very Planet X. I did find the company details and went on companies house and BINGO I’m straight on the money davie boy
Yep. Funnily enough I went down the same rathole when Brant linked to their socks which all links up too.
And apparently a bankrupt bike frames brands whole stock which he is selling back to them in drops as they can afford it to relaunch like nothing happened. Like the bike industry crack dealer🤣
I heard that from a good source the other day too.
Oh aye? Frame brand?
Isnt that the old old well documented story thats part of the Stanton relaunch? Good spot on Banana tho'.
And apparently a bankrupt bike frames brands whole stock which he is selling back to them in drops as they can afford it to relaunch like nothing happened.
Well, except the 800 or so frames that were still in the factory but the less said about them the better.
I like Stanton bikes and glad they have survived but did find it a bit odd how the ‘internet’ seemed to label the investor who had ploughed almost a million quid into the business evil because he wanted to see some return, a million bloody quid - gone.
For those who have had their cheap Virus HTs delivered, when did you order?
We ordered the Sentier VRW for my wife on 6th a Jan and still haven't had a dispatch notification.
Well, except the 800 or so frames that were still in the factory but the less said about them the better.
The ones that STW ran that weird article about when they showed up on a German(?) site?
I like Stanton bikes and glad they have survived but did find it a bit odd how the ‘internet’ seemed to label the investor who had ploughed almost a million quid into the business evil because he wanted to see some return, a million bloody quid – gone.
Yeah, that was more the PB comments than here but I do agree. Wasn't the investor that had run the company so far into the red eh.
the PB comments<br />
🤷🏼♂️
For those who have had their cheap Virus HTs delivered, when did you order?
We ordered the Sentier VRW for my wife on 6th a Jan and still haven’t had a dispatch notification.
Same here.
Ordered theVRW on the 6th. Got dispatch notification last week and the bike arrived yesterday.
@dogthomson - I ordered 5th, turned up 15th. I know somewhere on the PSA Vitus thread someone said been advised may take until Feb for delivery. Some have contacted and said willing to take without their PDI - so you need build bike more than standard delivery.
The re-platforming of the ecommerce solution which was part of the website redesign was outsourced
Thanks for the link. Speaking as a grizzled software engineer that article consisted almost entirely of red flags. The old system might have been a crufty nightmare creaking at every interface, but a ground-up rewrite is pretty much always the wrong choice.
Realistically once this blip of bankruptcy stock dumping is over I’m certain everyone will go back to 10% discounts max and RRPs will all go up 20-30% to reflect reality. Prepare to pay alot more soon!
I suspect this too.
What will be odd is that there is a *lot* of very cheaply bought kit and bikes around, and the second hand market will be somewhat fubared. And we are still at a time of hugely increased household living costs. This may have an impact on new purchases through the next couple of years...
In case anyone is worrying about returning stuff I returned a cracked Vitus frame in November, CRC confirmed they couldn't repair it and would refund me on 22nd December and...that's the last thing that happened.<br /><br />They're now not responding to emails / queries using the "contact us" form on the site and the person on their live chat couldn't get any information about it beyond a pdf of a returns form with no financial information attached to it. That live chat person promised to email me with the transaction details (as the bank's confirmed nothing's been sent from them) but so far...nada.
Looks like a small claims case incoming 🙁
So maybe be a little wary...
Yep. Funnily enough I went down the same rathole when Brant linked to their socks which all links up too.
Didn't Brant actually design the Ragley stuff to start with as well? This all seems a bit incentuous or "inbred".
@twinklydave did you pay by credit card rather than debit card? If so you can log a claim with your CC company who should be able to sort it for you.
Debit card, sadly - back in the days when I had faith in them!
You can still make a claim with many debit cards.
I returned a faulty mega frame last week and got refunded Monday, I also returned a wonkily stitched Troy lee top the other day.
Looks like a small claims case incoming
A word of warning on this...
You cannot commence or continue legal proceedings against a company in administration without the consent of the administrator or permission of the court (being the court in which the administration proceedings are filed). There is a statutory moratorium under the Insolvency Act 1986.
Did you buy it before or after Wiggle went into administration (I'd guess before)? That might affect your position.
Have you tried going direct to the administrator's contact person and ask them what the position is?
Returned £250 worth of a few bits and bobs by 1st class post on Monday. Refunded this morning (Thursday).
A word of warning on this…
You cannot commence or continue legal proceedings against a company in administration without the consent of the administrator or permission of the court (being the court in which the administration proceedings are filed). There is a statutory moratorium under the Insolvency Act 1986.Did you buy it before or after Wiggle went into administration (I’d guess before)? That might affect your position.
Have you tried going direct to the administrator’s contact person and ask them what the position is?
Thank you for the advice - it's very helpful.
It was purchased from CRC before they went into administration. I'm still building the case as much as possible - and giving them as much chance as possible to sort it, of course, which I'd much prefer and is what they offered (I get the feeling it's due to lack of staff/everything falling apart there rather than purposeful ineptitude, I just can't afford to 'lose' £2000!)
I'll contact the administrators before looking at starting any sort of proceedings.
Realistically once this blip of bankruptcy stock dumping is over I’m certain everyone will go back to 10% discounts max and RRPs will all go up 20-30% to reflect reality. Prepare to pay alot more soon!
Dunno, I'm desperately trying to avoid looking at the CAAD13's that are 50% off at the moment.......
There seems to be a lot of overstock in the industry. Those 2023 Cannondale's have 11s Ultegra which is ~2 years past the launch of R8100 12speed now. They were old-tech when they hit the shop floor. So does that mean Cannondale / PON are sat on years of Shimano groupsets they need to sell? It seems very odd they're trying to sell £3k RRP road bikes to a notoriously snobby/tarty demographic with a 6 year old Ultegra groupset when there's now 12s 105 in both mechanical and Di2 to hit that price point.
Everything still feels a lot more expensive than ~2014, back then no one had a clue what SRAM/Shimano RRP was, it was just some hypothetical figure and we all thought £70 RRP was an obscene amount for a mid-tier rear mech when every shop sold them for ~£35.
Obviously the industry isn't going to run at a loss, but this might mean R&D budgets get cut. Less £1800 halo products like wireless group sets using yet another proprietary hub/mech hanger. R&D spent more trickle down to GX/SLX/105 and prices stabilizing a bit. I.e the engineering meeting starting with "how can we make a £100 cassette lighter" or "how can we make this 400g cassette cheaper", not "can we make a lighter cassette at a new higher price point".
I didn’t know Brant bought Onza, interesting…
Well he posted something like "interesting news coming tomorrow", then a link to the M&L auction where someone had paid ~£5k for the Onza band. So I might be putting two and two together and making 5, but feels more like a 4.something at worst.
TBH, I didn’t know that either.
You tease............. (p16 of this thread)
So who has?
brant
Free Member
I’ll be back in a day with an amusing bar end related update.
Yeah, he never said he'd actually bought the name, just that it was in the auction.
As I'm sure Brant can tell you, he was defo involved in the first Ragley bikes as he dealt personally with my mate's mk1 Blue Pig that had a seat tube issue. After the replacement mk2 had an ovalised head tube my pal gave up!
Yeah, he never said he’d actually bought the name, just that it was in the auction.
True, very cryptic, he did tease it the day before it ended, and posted the link to the finished auction, almost like he didn't want to up the bidding.........
Heck for £5k I'd have been tempted to buy myself a job/project for next time the engineering industry / economy decides to take a dump on my career.
Yeah, I know who was bidding and who bought it.
Ragley was a project (originally called TWEAK) which Wiggle backed me to start when I left On-One.
Though before I signed with Wiggle, CRC called me and I went over to see them, and signed with them instead.
The name TWEAK got blocked by Tweeks Cycles, so the first model which was going to be called a Tweak Ragley Ti, ended up being Ragley Ti with Ragley being the brand name. It's the name of the wood we used to ride in in Hebden.
So yeah, Ragley, then helped get Vitus going again, then helped expand Nukeproof from parts to bikes.
Then went back to PX which helped me pay for my divorce.
And then trousers.
Obvious really.
