There is more movement in the online retail space for motorcycles, as the Motorsport Aftermarket Group (MAG) is reported to be merging its two online stores: Motorcycle-Superstore and J&P Cycles.
According to Powersports Business, the Motorcycle-Superstore will be merged into J&P Cycles some time in 2017, consolidating its two online stores into one. It is expected that many of the staff at Motorcycle-Superstore will be let go during the merger.
The speculation about RevZilla and Cycle Gear can stop now, as the brands are finally talking about their plans together for the future.
In a letter posted to RevZilla’s in-house publication, Common Tread, RevZilla CEO Anthony Bucci announces that RevZilla will be acquired by a new holding company, which will also own Cycle Gear.
The holding company’s board of directors will include Bucci, and his fellow RevZilla founders Nick Auger and Matthew Kull, as well as the private equity firm J.W. Childs, which bought Cycle Gear back in 2015.
While Bucci’s letter to RevZilla customers states that the two brands will only be “sister companies” that will operate independently of each other, his FAQ on the subject leaves the door open for collaborations between the two brands, which would be the obvious benefit of their new ownership structure.
China National Chemical Corp (ChemChina) is set to buy into tire-maker Pirelli, with what is currently a €7.1 billion deal. The move would put the 143-year-old Italian company in Chinese ownership, with ChemChina being the majority and controlling shareholder.
ChemChina had planned to offer €15/share to existing Pirelli stock owners, but that number may have to be lifted after a recent rally in the stock’s price. Once the deal concludes though, it is expected that ChemChina will take Pirelli private once the buyout is complete.
The impetus for the buyout is that Pirelli’s knowledge making tires would be a huge asset to ChemChina’s current tire production, not to mention that Pirelli’s free production inventory could be used to make other ChemChina products.
The deal would also give Pirelli a strong footing in the massive Chinese tire market, a significant leg-up in Asia for the Italian brand over its other European competitors.
Speaking to the VeneziePost (subscription required in order to read the article), Dainese Founder Lino Dainese has confirmed the news we broke last month about the Italian apparel manufacturer being in talks for investment, or possible acquisition.
According to the report, Dainese says the company came close to inking a deal with an unnamed private equity group, but terminated the talks because the parties could not come to terms with their agreement.
If you thought the times are tough here in the United States, be thankful that you don’t live in Spain right now, as the Iberian country hovers around 20% unemployment for the general population, with 50% unemployment for the country’s 20-something crowd. Indeed, all the Mediterranean states, save for France, are on the verge of economic collapse. It’s a scary time.
Therefore, it wasn’t surprising to hear last year that the rebirth of the Ossa brand saw the Spanish dirt bike company using the available production capacity in the struggling Gas Gas factory. It seems that manufacturing partnership has now gone a step further, with Gas Gas and Ossa formerly merging, so as to better take on the rough economic landscape.
Interesting news for American motorcycle enthusiasts, as nearly all your printed two-wheeled information is set to come from a singular company in the coming future. Already the recent purchaser of Cycle World, Bonnier Corporation seems poised to control a significant portion of the two-wheeled industry’s printed and online press.
Inking a two-way deal with Source Interlink, Bonnier Corp. receives in the transaction Motorcyclist, Sport Rider, Dirt Rider, Motorcycle Cruiser, Hot Bike, Baggers, Super Streetbike, Street Chopper, and ATV Rider. In exchange, Source Interlink receives the TransWorld extreme and urban sports properties (except TransWorld Snowboarding), as well as Sound + Vision magazine.
The Brits over at MCN broke the news last night that Husqvarna was about to be acquired by KTM. Since M&A’s are a rarity in this industry, the news was certainly interesting, but given that the beleaguered Husqvarna brand has been such a pox on BMW Motorrad with its dwindling dirt bike sales, and that the German company has been embroiled in trying to transition the Italian-based Swedish brand into the on-road segment, now seems a peculiar time for the BMW Group to unload Husqvarna…or that anyone would even be interested in purchasing the company.
After the bombshell announcement that Bridgepoint was putting Dorna in charge of both the MotoGP and World Superbike series, the media were keen to get a reaction from either of the Flammini brothers, the two men who had helped to grow the series into the success it is today, and who currently run WSBK. After an initial deafening silence, Paolo Flammini finally made an appearance at Magny-Cours on Sunday morning, to explain his, and Infront’s, point of view. Our friends at the Italian website InfoMotoGP.com were present to record the press conference on video.
Flammini did not say much – indeed, he started his speech with the words “I don’t have much to add to what is written in the press release,” – but what he did say helped clarify the situation a little. Starting off with an understatement – “This step represents a very big moment in the history of World Superbikes”, Flammini told the assembled media – the Italian was at pains to make clear that World Superbikes would face few changes for 2013. “Many people are worried for the 2013 season, but nothing special will happen,” he said, emphasizing that his aim was to keep stability in the series.
Two weeks and two separate rumors about Hero MotoCorp’s acquisition warpath. Last week the Indian motorcycle manufacturer was said to be eyeing a minority equity stake in Erik Buell Racing. Having already hired the American sport bike maker to help innovate on some of Hero’s upcoming small displacement machines, the two companies sweetened the deal with Hero becoming the title sponsor to EBR’s AMA Pro Superbike racing effort.
This week the spotlight shines on Ducati Motor Holding, which has quietly been for sale for almost a year now. Originally wooing an acquisition from Mercedes-Benz, the Italian motorcycle manufacturer has been linked to a variety of other companies, as well as a public offering on an Asian stock index. With our sources telling us that Ducati has been trimming the fat from its books in order to make its earnings more attractive, Hero MotoCorp is the latest potential buyer to enter the fray and to talk to bankers about a Ducati acquisition.
Lawyers have begun an investigation into the recent rumors that private equity firm Kohlberg Kravis Roberts (KKR) was targeting Harley-Davidson for a stock takeover.
Suspecting that Harley-Davidson executives breached their fiduciary responsibility to Harley-Davidson, Inc., investigators were tipped-off to potential breaches at the Milwaukee company after its stock rose by $2 (+5%) immediately after the rumors were first published in financial reports.
The FIM and TTXGP have issued a joint statement today, declaring that the two rival electric racing series would collaborate on three races this season, plus the possibility of a season-capping championship race in October. As we broke the news a couple months ago, the two series have begun to patch-up their relationship, and are slowly working their way back into a merger.
Today’s announcement sees TTXGP adding its name to perhaps the FIM e-Power Championship’s crown jewel event: the Laguna Seca round, which will count towards the TTXGP’s North American Championship.
Other event collaborations include stops on the FIM e-Power calendar as well, as both Donington Park and Le Mans have been named in the press release. e-Power races to be held at those venues were to be run during the FIM Endurance World Championship, and now will include TTXGP riders as well, who will be receiving points towards their European Championship standings.
The announcement should mean the bolstering of riders at all the events, but we imagine it will affect the FIM’s European rounds the most, as the American race was well-attended last year.