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Archive for the ‘Business news’ Category

When Vermont’s snowiest ski area got into legal trouble, Steve Wright stepped up to the plate to save it

After the U.S. government put Vermont’s Jay Peak into receivership last year amid alleged ethics violations by the resort’s owners (who, among other allegations, used government investing tools to enrich themselves under the guise of capital improvements), employees and passholders were largely left in the dark about the future of their beloved ski area.

Caught squarely in the middle was then chief marketing officer Steve Wright   …  More

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It’s hard to talk about the motorcycle industry in 2017 without talking about Indian Motorcycles. Sales for the Polaris-owned brand have been soaring with double-digit growth while another American cruiser brand which will remain nameless is struggling. Motorcycle sales in the States are down overall but that hasn’t stopped Indian from growing its market share in big bikes from three percent to ten percent in just one year. The boys in Milwaukee still have a comfortable lead in the segment, but the gap is closing faster than anyone could have predicted.

So what’s the secret? What’s the special sauce behind Indian’s success? We reached out to Indian’s marketing director Reid Wilson to find out   …  More

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CYCLIST Danny MacAskill’s has raked in more than £1 million from his daredevil stunts, new figures have revealed.

The star street-bike rider’s income is reportedly soaring as he travels the world performing for adverts and promotional videos.

Latest accounts for the 31-year-old’s main company DMAC 24 show it had total assets of £1,087,060 – nearly double the figure of £587,356 from last year. That included nearly £800,000 held in a bank account and more than £250,000 owed to it by debtors  …  More

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The rumor mill in the BMX industry is a strong one and I rarely perpetuate rumors, so I’ve let this one circulate for a while now. Whether it’s bad money management, general industry struggles, or a ‘extinction of a dinosaurs’ type event I do not know and won’t speculate, but Dan’s Comp has been reportedly having monetary issues for well over a year.

Today, it has seemingly come to a head, with Dan’s team manager/marketing/point man announcing via instagram that he’ll no longer be with the brand after seven years. Along with that, several riders have confirmed that they’ve gotten notice that the massive Dan’s team (Homan, Trey, Martinez, Adams, Broc, Nathan, etc) has been dismantled. Rumors of money owed to  …  More

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