Shop name: 805 Bicycles Location: Simi Valley, California Time in business: 1 Year
What made you buy a bike store recently? 805 Bicycles: The timing was perfect & we simply had an offer that we couldn't refuse. 805 Bicycles was already an established business with a previous owner for 6 years. As it was an already established Shop with great clientele, the opportunity made sense.
On the first day off in Bogotá the plan was to meet up with Hiroshi Euhara and the Palencia brothers to see what the local BMX freestyle scene had to offer. When Esteban and Sebastian told me there were at least 10 core BMX shops I was surprised to hear that. We first stopped at Fuel BMX Distribution. They import brands like Federal, Tallorder and Fiction BMX and have 'core products from several other brands available at their shop. Entering the shop it felt like a real BMX shop which offered only BMX Freestyle products. Fuel distro has been supporting the scene for many years and it was a good first stop of the day.
Up next was a shop called Stike, located at Cra 52a #45a-29sur in Bogota. Also here the feeling was
GT Bicycles welcomes Jason Schiers as Managing Director. In his new role, Jason will oversee the strategy that continues GT Bicycles’ current progress, and he will also create the roadmap for the brand’s future vision. An entrepreneur, Jason came into the bicycle business from a machine shop background in the 1990s, where he machined composite tooling for bike and automotive part manufacturers.
After working for Reynolds Cycling in the early 2000s, he founded ENVE Composites in Utah. Most recently Jason led R&D for the Selle Royal brands, with a particular focus on Crank Brothers product development and quality. Jason’s experience in product design, sourcing, brand building,
Vista Outdoor Inc. (“Vista Outdoor”) (NYSE: VSTO), the parent company of 39 renowned brands that design, manufacture and market sporting and outdoor products to consumers around the globe, today announced that it has entered into a definitive agreement to acquire Irvine, Calif.-based Fox Racing, a global icon in performance motocross, mountain bike and lifestyle gear for adventure seekers. The purchase price is $540 million, with the potential for an additional $50 million earnout based on Fox Racing’s financial performance.
For 50 years, Fox Racing has been a leading voice in the motocross and adventure community, with a dedicated consumer following and talented group of employees that embody the brand’s mission to “honor yesterday, conquer today, and invent tomorrow.” Fox Racing’s deep history of producing innovative gear that enables racers and explorers to reach new heights aligns perfectly with Vista Outdoor’s existing portfolio of leading outdoor brands. Fox Racing grew net sales by a compound annual growth rate of approximately 20% from calendar year 2019 to 2021 and is expected to grow in excess of that in calendar year 2022.
BMX is the core pillar upon which the iconic GT brand’s 50-year legacy was built, and it has been exciting to watch this important part of our business evolve over the years. Since joining GT in 2014, Ben Ward, GT BMX Product Manager, has created an impressive range of race, freestyle, heritage and crossover bikes as well as complimentary parts and accessories assortment that have been very well received by riders and in all retail channels. The brand is committed to supporting our growing collective of shops and riders and in doing so, the GT Global Marketing team is growing as well. Today, we are proud to share that Jeff Zielinski, BMX industry legend, and all around great human, will be officially joining the GT family as BMX Team Manager and Content Producer.
For those of you whom have not yet had the privilege to meet Jeff, we thought it would make sense to hear from Jeff himself: