BikeBiz Bicycle and cycling retail news

The six month results to 30th September 2000 for the Boots Group were released today. Halfords saw sales increase by 5.4 percent to £254.5m. Sales of bikes increased 13 percent.

At noon today, 80 people gathered at the Birmingham offices of insolvency practitioners Smith & Williamson to witness the expected liquidation of Sturmey Archer. Instead, they were treated to an emotionally charged creditors meeting that had surprises at every turn.

Contrary to rumour (er, spreading like wildfire around the trade!) the Triumph Road factory of liquidated Sturmey Archer has not been razed to the ground

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?

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