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Competitor Group to refocus on running, interested in selling TriRock, Velo
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To retain Triathlete because of the synergies between the triathlon and running markets - http://www.bicycleretailer.com/...lopress#.U9rhkv3IozZ
Last edited by: Mark Lemmon: Jul 31, 14 18:27
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Re: Competitor Group to refocus on running, interested in selling TriRock, VeloNews [Mark Lemmon] [ In reply to ]
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They had a post in the Endurance News Wire several weeks for a job. I may have read it incorrectly, but there was something in it about expansive growth and an IPO. Maybe it's old news. Maybe this has nothing to do with that.


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Re: Competitor Group to refocus on running, interested in selling TriRock, VeloNews [-BrandonMarshTX] [ In reply to ]
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"Hoy said that senior managers at CGI have recently decided to focus on becoming "the world's greatest running company," and thus began looking at selling its bike-related properties."

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

One does not going from being a not respected and bad at what you do to the world's greatest running company. They will never compare to the likes of the BAA, NYRR or any of the companies who put on the majors. They merely bottom feed off of people looking for gimmicky marathons, they provide low quality entertainment for more money which can easily be outmatched by at least a half dozen marathons/halfs in almost every state in the US.

Keep dreaming, CG. I feel like this is just a fancy way of saying, these parts aren't profitable for us and we're going to try to hold on to our one trick pony.

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Last edited by: justarunner: Jul 31, 14 20:15
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Re: Competitor Group to refocus on running, interested in selling TriRock, Velo [Mark Lemmon] [ In reply to ]
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What they did with Velonews was just awful mismanagement. Just destroyed that brand.

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