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Cinelli has sold, again

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Cinelli has sold, again

Old 07-11-21, 08:58 AM
  #26  
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@Andy_K, it's time to start monetizing the Gugificazione! brand.

Start sending some marketing collateral to this Texas guy, perhaps we can both retire early...
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Old 07-11-21, 09:50 AM
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Originally Posted by gugie View Post
@Andy_K, it's time to start monetizing the Gugificazione! brand.

Start sending some marketing collateral to this Texas guy, perhaps we can both retire early...
We need Gugificazione T-shirts featuring fork blades being re-raked.

-Kurt
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Old 07-11-21, 04:47 PM
  #28  
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Originally Posted by gugie View Post
@Andy_K, it's time to start monetizing the Gugificazione! brand.

Start sending some marketing collateral to this Texas guy, perhaps we can both retire early...
I’m thinking a line of artisinally crafted dairy bells.
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Old 07-11-21, 07:10 PM
  #29  
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Originally Posted by Andy_K View Post
I’m thinking a line of artisinally crafted dairy bells.
Sorry, I’ve already sold all threads containing the word Gugificazione! as an NFT. Bidders seemed to be concentrated in Madera, CA.
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Old 07-11-21, 07:47 PM
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Originally Posted by nlerner View Post
Sorry, I’ve already sold all threads containing the word Gugificazione! as an NFT. Bidders seemed to be concentrated in Madera, CA.
NFTs aren't ownership of the thread, only ownership of the NFT of the thread.

You can NFT the sales page for the shirt if you want.

-Kurt
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Old 07-11-21, 11:50 PM
  #31  
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Originally Posted by cudak888 View Post
NFTs aren't ownership of the thread, only ownership of the NFT of the thread.

You can NFT the sales page for the shirt if you want.

-Kurt
Somewhere in Madera, California a tear is shed.
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Old 07-12-21, 06:18 AM
  #32  
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Originally Posted by gugie View Post
Somewhere in Madera, California a tear is shed.
Excuse me while I make an NFT for that tear.

-Kurt

P.S.: And one for Madera, California's Twitter feed URL as well, if someone hasn't already.
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Old 07-12-21, 07:33 AM
  #33  
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Originally Posted by iab View Post
First time, 1947 from Arrigo & Giotto to Cino.
Second time, 1978 from Cino to Antonio.
Now, from Antonio to Texas dude.
Ok, I slept through the second one!
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Old 07-12-21, 07:34 AM
  #34  
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Originally Posted by cudak888 View Post
It's a race between Cinelli and Colnago to see who can be the first Ferrari copycat to offer branded aftershave and soap.

-Kurt
And fountain pens!
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Old 07-12-21, 07:42 AM
  #35  
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Originally Posted by nlerner View Post
I think it’s just their bank accounts that are located in Delaware along with a PO Box.
I think the lawyers live in the same industrial parks as the money does.
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Old 07-12-21, 08:51 AM
  #36  
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Originally Posted by bikingshearer View Post
"I recognized in Victor Luis the perfect understanding of my vision of merging cycling with art, culture, design, technology and competition, combined with an undisputed and proven managerial and organizational ability." That's the big highlighted quote in the middle of the page.

Stuff like this makes the 63 year old cynical version of me laugh. As if what the buyer thinks of the seller's "vision" matters one little bit. And as if the seller has anything to do about what the buyer's ulitmate "vision" turns out to be. The Cinelli name on WalMart bicycle-shaped objects? Flying C logos on edible underwear? A string of "Cino's Cheap Eats"? All possible, albeit rather unlikely. The point is that the seller has f*** all to say about it once the money changes hands and the contracts are signed regardless of the lipstick-on-a-pig PR twaddle.
And this rubs you the wrong way, inciting cynical laughter, why, exactly? The seller is relieved to be free of the burden of running a no-longer-successful company. He gets some money in his pocket instead of watching his own “vision” of his firm bleed money (“gradually then suddenly” as the saying goes) until his capital is exhausted. It costs nothing to say nice things about the guy you sold to, so why not? — it was probably costed into the goodwill anyway.
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Old 07-12-21, 09:08 AM
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Originally Posted by Road Fan View Post
And fountain pens!
Don't forget the desk clocks and keyrings.

Originally Posted by Road Fan View Post
I think the lawyers live in the same industrial parks as the money does.
"This system is feasible because product-liability lawyers are spore-based organisms who can survive for years without air." - Dave Barry

-Kurt
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Old 07-12-21, 09:24 AM
  #38  
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Originally Posted by conspiratemus1 View Post
And this rubs you the wrong way, inciting cynical laughter, why, exactly? The seller is relieved to be free of the burden of running a no-longer-successful company. He gets some money in his pocket instead of watching his own “vision” of his firm bleed money (“gradually then suddenly” as the saying goes) until his capital is exhausted. It costs nothing to say nice things about the guy you sold to, so why not? — it was probably costed into the goodwill anyway.
Rub me the wrong way? Not really. Cynical laughter (chuckle, really)? Yes, because of the perceived need to obfuscate the reasons for the deal and the over-the-top BS used to do the obfuscating. (Another possible scenario for the sale, by the way: The next generation of Colombos is not interested in running the business, so the current powers that be decided to cash out.) Whatever the reason for the deal is, the parties' apparent need for puffery that is so obvious and so cheesy makes it the object of my cynical expressions of warped mirth.

And I have no doubt whatsoever that neither the seller nor the buyer give a poop what I think, and I'm okay with that.
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Old 07-12-21, 09:35 AM
  #39  
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Originally Posted by bikingshearer View Post
Rub me the wrong way? Not really. Cynical laughter (chuckle, really)? Yes, because of the perceived need to obfuscate the reasons for the deal and the over-the-top BS used to do the obfuscating. (Another possible scenario for the sale, by the way: The next generation of Colombos is not interested in running the business, so the current powers that be decided to cash out.) Whatever the reason for the deal is, the parties' apparent need for puffery that is so obvious and so cheesy makes it the object of my cynical expressions of warped mirth.

And I have no doubt whatsoever that neither the seller nor the buyer give a poop what I think, and I'm okay with that.
Yeah, you already have your Cinelli bikes. Little money from you, unless they do some amazing reissue wool kit.
How about this for a press release-

"I have guided the brand since 1983, I was young, I wish to reap some reward for all this effort.
I see So many high value Italian and French luxury brands change hands with terrific success, I want my Ferrari now. I am tired of driving a Fiat.
The buyer will make money, I have excluded them from making Cinelli coasters.
Thanks for all your euros over the years. The future will be profitable.
I will take Valentino out to lunch, we will talk"
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Old 07-12-21, 09:48 AM
  #40  
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Originally Posted by repechage View Post
Yeah, you already have your Cinelli bikes. Little money from you, unless they do some amazing reissue wool kit.
How about this for a press release-

"I have guided the brand since 1983, I was young, I wish to reap some reward for all this effort.
I see So many high value Italian and French luxury brands change hands with terrific success, I want my Ferrari now. I am tired of driving a Fiat.
The buyer will make money, I have excluded them from making Cinelli coasters.
Thanks for all your euros over the years. The future will be profitable.
I will take Valentino out to lunch, we will talk"
Love the new press release. It would be refreshing to see them actually release this.

And speaking of reissue wool kit, here is the Christmas present I got for myself with the wife's blessing. Available now at wingedstore.com in the "Cino Collection" section.

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Old 07-12-21, 10:30 AM
  #41  
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Originally Posted by Dylansbob View Post
Interesting. It looks like the new owner has extensive background with high-end, luxury brands. I'm guessing the brand will continue in that direction, although it already kinda was trying to.

No mention on the bike line. I've had 2 modern, Taiwan-welded Cinellis that I've sold in the last 5yrs and both went way quicker than I expected. A Tipo Pista for $350 (paid $300 on Amazon) and a Hobootleg for $600 (bought as $199 frameset, also from the big A)
What is the world coming to when A) you can buy a Cinelli frame for a few hundred $$ and B) they are making bikes in Taiwan. Sad. Hopefully new ownership 86s these low end monstrosities.
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Old 07-12-21, 11:40 AM
  #42  
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Originally Posted by cudak888 View Post
Don't forget the desk clocks and keyrings.



"This system is feasible because product-liability lawyers are spore-based organisms who can survive for years without air." - Dave Barry

-Kurt
That point came to mind because of my recent experience trying to get a consulting contract. The client company, an automotive Tier 1 supplier to all the vehicle manufacturers of heavy truck-tractors, is incorporated in Delaware though the program management, engineering, and development functions are all HQ in Michigan.

"Why does that matter to me?" I innocently cried? Came the response, "If they want to sue you they will file and probably litigate it in Delaware, and you'll have to spend a lot of time there!"

Since my bid to consult failed because of their litigation policies, I now see this as part of an important point.
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Old 07-12-21, 01:12 PM
  #43  
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Cinelli did not sell, it was wholly owned by Columbus, which is now Gruppo SPA, a division Of Gruppo Srl, which is the parent company. Controlling interest in the parent company sold.

This article explains it a bit more clearly, and in English. It may be a good thing.

https://www.bicycleretailer.com/anno...s#.YObM-2kpBPw
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Old 07-12-21, 01:22 PM
  #44  
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As a customer, a reseller of many of the materials these brands manufacture (many to my specs), and someone who assembles bicycles with components from Cinelli and Columbus, I'm very happy with this news story as well as grateful that the Columbo family kept this torch lit for so many decades. When the middle 1970s sale of Cinelli to Signor Columbo happened, very little changed internally. The real differences have come from the evolution within the industry, something very few labels are immune to. Gruppo has always been a modern and forward thinking company. Now it has a new majority owner from North America. I can't see a downside.
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Old 07-12-21, 01:46 PM
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Originally Posted by tendency View Post
What is the world coming to when A) you can buy a Cinelli frame for a few hundred $$ and B) they are making bikes in Taiwan. Sad. Hopefully new ownership 86s these low end monstrosities.
The hobootleg models were pretty versatile. Are you even aware if them? Screaming value for a year or so online.
Monstrosity isn't a word I would choose, even if given 100 words.
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Old 07-12-21, 01:48 PM
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Originally Posted by e-RICHIE View Post
As a customer, a reseller of many of the materials these brands manufacture (many to my specs), and someone who assembles bicycles with components from Cinelli and Columbus, I'm very happy with this news story as well as grateful that the Columbo family kept this torch lit for so many decades. When the middle 1970s sale of Cinelli to Signor Columbo happened, very little changed internally. The real differences have come from the evolution within the industry, something very few labels are immune to. Gruppo has always been a modern and forward thinking company. Now it has a new majority owner from North America. I can't see a downside.
Well said, Thanks Richard.
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Old 07-12-21, 04:13 PM
  #47  
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I don't generally like mergers and acquisitions. I don't think they improve things for most people. So I shrugged upon seeing this news. In the Italian article, it says the aim is to double revenue. I definitely don't like the sound of that.
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Old 07-12-21, 05:04 PM
  #48  
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Originally Posted by repechage View Post
Yeah, you already have your Cinelli bikes. Little money from you, unless they do some amazing reissue wool kit.
How about this for a press release-

"I have guided the brand since 1983, I was young, I wish to reap some reward for all this effort.
I see So many high value Italian and French luxury brands change hands with terrific success, I want my Ferrari now. I am tired of driving a Fiat.
The buyer will make money, I have excluded them from making Cinelli coasters.
Thanks for all your euros over the years. The future will be profitable.
I will take Valentino out to lunch, we will talk"
Except while the money is probably great, he doesn't need it. He may want it, but certainly doesn't need it. And he has been merging art culture and bikes for at least 40 years. I don't know why that gets anyone's knickers in a twist. The Haring behind his desk would get him at least a couple dozen Ferraris. The Haring Laser is probably worth at least one alone.

Cinelli 044 by iabisdb, on Flickr
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Old 07-12-21, 05:11 PM
  #49  
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Heh?
Huh!

The transfer of majority ownership isn’t so much about what Mr. Columbo needs or wants.
It’s to ensure the brands he’s been steward of for his adulthood remain in good stead.





Originally Posted by iab View Post
Except while the money is probably great, he doesn't need it. He may want it, but certainly doesn't need it. And he has been merging art culture and bikes for at least 40 years. I don't know why that gets anyone's knickers in a twist. The Haring behind his desk would get him at least a couple dozen Ferraris. The Haring Laser is probably worth at least one alone.

Cinelli 044 by iabisdb, on Flickr
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Old 07-12-21, 05:23 PM
  #50  
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Originally Posted by e-RICHIE View Post
Heh?
Huh!

The transfer of majority ownership isn’t so much about what Mr. Columbo needs or wants.
It’s to ensure the brands he’s been steward of for his adulthood remain in good stead.
Are you saying he doesn't need or wants those brands to remain in good stead?
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