Over the Easter holidays, the power struggle between Scott CEO Beat Zaugg and South Korean majority shareholder Youngone comes to a head. But that's not the end of it: the police even ride up to Scott's headquarters in Givisiez, Fribourg. Only now is it clear: the reason is allegedly armed South Korean security forces, the police were called by Zaugg.

According to Juwon Kim from Scott's South Korean majority shareholder Youngone, Beat Zaugg has been dismissed without notice by the Scott Board of Directors. And the native of Bern, who has been at the helm of Scott since 1993, is no longer CEO. But Zaugg denies this and continues to work.

Scott patron Zaugg denies this: He is CEO of Scott. The report by Radmarkt.de is based on a PR article by Scott majority owner Youngone, in which he only had the opportunity to contribute his perspective at the end. Only this is certain at the moment: the house blessing between Scott and Youngone is definitely out of kilter, and the power struggle for the Scott leadership is probably underway.

It's no secret that the bicycle industry is struggling with problems. Overstocked warehouses meet low demand, discount battles are the result, profits are collapsing - and bankruptcies are already the consequence. Scott Sports, based in Givisiez in the canton of Fribourg, has not remained unscathed by these developments. Scott's majority shareholder Youngone is taking countermeasures and providing the bike and outdoor specialist with a financial injection of around 150 million Swiss francs.

The limelight is not Beat Zaugg's thing. The Scott boss rarely appears in the media, preferring to pull the strings in the background, but he does it properly. With and thanks to him, the company from Fribourg has become one of the largest and most important bicycle manufacturers in the world over the last twenty years, with an output of 700'000 bikes per year.

According to an internal memo, Trek is to adapt to the currently not exactly booming bicycle market. There is talk of streamlining the portfolio and cutting 10 percent of expenditure. At the same time, the US manufacturer has announced that it is entering into a close cooperation with the bike clothing company Rapha.

First massive boom years with corona, then a slump in consumer sentiment due to the war in Ukraine and the associated high inflation: the bike industry has not yet overcome these ups and downs. The most recent example is the cult brand Orange Bikes: an insolvency administrator has been appointed and the future of the bike manufacturer, which specializes in single-pivot bikes, is open.