The end of Planet-X?

kenmc

https://www.bikeperfect.com/news/planet-x-bikes-look-to-have-gone-into-administration

Seems like they're about to be wound up. Pity as I have two, a kaffenbak and pro-sl.

Always highly spec'd for the price, suspect Brexit didn't help them, I've not bought anything from them since that clusterfcuk, but would have often got bits and clothing from them before that.

☹️

Macy0161

I had brought clothes from them since full brexit, once they sorted that out. My most recent purchase I coincided with a visit to the UK, so took advantage of bundle offers they didn't offer outside of the UK (they're my favourite baselayers actually).

I had my eye on one(?) of the steel hardtails actually, waiting until the autumn. I guess we will see where they stand then. But Brexit must have killed a lot of their EU trade for bikes. And now, who would order one which isn't immediate dispatch?

JMcL

They apparently moved to being employee owned in 2019, so after Brexit, but just before the sky fell in. I've only ever bought a few small bits and pieces from them over the years, but I always did think their bikes looked to rank high in the bang for buck stakes.

oinkely

Most recent order arrived from them less than a day after placing it. Admittedly it wasn't a lot but a set of bars, a few bottles and a swim bag/float thing. I had my eye on a tent too but couldn't justify it alongside the three already in the attic, despite my best rationalization that it would fit a niche between the ones i already have!

Hopefully they are still around though - as they are great for bits and bobs that are expensive elsewhere, drybags, bikepacking bags etc.

kenmc

Lot of stuff on sale at the moment but the things I selected couldn't be shipped to Ireland ☹️

mvt

Just wanted to say I ordered a couple of rear mech hangers on Tuesday & they arrived today so hopefully they can continue in business.

I bought a pro carbon with mainly dura ace (fsa cranks) in 2008 for less than one thousand pounds & it still is going well so can't complain about value.

kenmc

Sounds like mine, still grand but used very little these days, MTB and gravel bike get more use

fat bloke

https://www.cyclingweekly.com/news/british-bike-company-planet-x-saved-after-sale-to-private-equity-firm

Saved from the scrapheap by all accounts.

nicksnikita

Tidy. I’d have been sad to see it go.

Bought a lot from them when I was based in England and starting out on the bike.

Ridden many of their bikes over the years and the Pro Carbon was the pick of them for me.

They had a real unique selling point originally but they need to innovate again, or pivot, for longevity I reckon.

magicbastarder

It mentioned a slump in demand after lockdown? That'd run contrary to the narrative I've heard.

nicksnikita

https://www.boards.ie/discussion/comment/120697166#Comment_120697166

I get the impression they had huge inventory after lockdowns and may have had to heavily discount some of the less desirable/more niche stuff

nicksnikita

https://www.boards.ie/discussion/comment/120698110#Comment_120698110

Agreed but I think things have moved on recently. A lot of people still want the latest and greatest from the big brands but a lot more are getting bikes direct from distributor (eg Canyon) or direct from China (eg Winspace).

Planet X appears the same today as it did circa 2012 here as there are far more options for consumers nowadays

JMcL

https://www.boards.ie/discussion/comment/120697117#Comment_120697117

Unfortunately the misanthrope/pessimist in me reads "private equity" and comprehends "asset stripper"

Macy0161

https://www.boards.ie/discussion/comment/120698438#Comment_120698438

I think there is still something of a market - only for the added complications of brexit changing the import to here, they were quite competitive v frame from china + build yourself. I think it could be more that they were overstocked with older generic frames?

magicbastarder

https://www.boards.ie/discussion/comment/120705740#Comment_120705740

i had the very same thought. buy the name, sell it.

i mentioned it to a german friend who's a keen cyclist. he'd never heard of planet X, so maybe they never really expanded past britain and ireland.

Macy0161

Isn't that kinda what planetx did with Carnac, Podsacks, Hollingsworth?