Museeuw Bikes parts company with Johan Museeuw

Shareholders unhappy with his work as brand ambassador

Johan Museeuw has been cast aside by the bike company that bears his name, according to reports in the Belgian press on Thursday. Both De Morgen and Het Laatste Nieuwsreport that new shareholders opted to part company Museeuw, claiming that “he does not do enough as brand ambassador.”

Museeuw founded the company after his retirement from racing and owned 35% of the shares. According to Het Laatste Nieuws, Museeuw Bikes was €4 million in debt at the end of last year. Museeuw’s search for new shareholders brought him to Randy Remue, who had previously worked for Eddy Merckx Cycles.

Remue’s new vision for the company includes the establishment of a showroom, test centre and café in Lokeren, but it also appears to have led to the removal of Museeuw himself.

A report by Sudinfo.bedescribes Museeuw as “furious” at the turn of events, but notes that he has not fought to retain his position at the company and has tendered his resignation. Although Museeuw is no longer brand ambassador, the company will continue to operate under the title of Museeuw Bikes.

A former world champion and a triple winner of the Tour of Flanders and Paris-Roubaix, Museeuw retired from racing in 2004. In an interview with Gazet van Antwerpen last year, Museeuw admitted that “doping was a part of daily life” during his career.

 

 

 

 

 

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