EBR Closes / Bankruptcy

[camouflage]

Reading this http://www.roadracingworld.com/news/hero-motocorp-ltd-trouble-in-india/ brings back some memories of frustration and infuriation after having worked with a number of Indian companies.
They certainly dont do business in the same style as Europe or the USA where contracts are honoured and payments are made on time for goods or services recieved to an unwritten mutualy agreed standard of business.
I guess they just look at business on a different angle but on the whole they always want twice the agreed contract for half the agreed price.......
This then presents the problem that if you dont hold enought leverage in the deal then you will have your pants pulled down! How could Eric say "no more design work" when they kept dangling a $25m carrot....
I guess he let too much design work pass with out payment. He should of turned the design tap off until payment was recieved on the earlier stages of design work.

It just sucks that Eric has had the rug pulled from under his feet for the second time!

 

[Gloomshadow]

EBR should get a settlement out of that one .. 20 million is a lot to scam from someone.

 

[BambamXB12r]

Let's hope he gets back on his feet and truly stays fiercely independent this time. I have faith in Erik and his passion for building world class, truly unique bikes. He will be back, it just will take some time.

 

[doberdann1019]

Its sad they are closed, but thanks EBR for the 50% off sale!

RIP

 

[Cosworth]

^Thanks for posting, I grabbed myself a few things.

 

[Cherry_Bomb]

^Thanks for posting, I grabbed myself a few things.

From where since his site is shut down.

 

[Cosworth]

its http://ebrracewear.com different site.

 

[Hughlysses]

^ Most stuff is 50% off; discount shows at checkout. Orders are taking a while to get filled since they've gotten so many, so it may take 3 or 4 weeks to get your order.

 

[nightfire180]

I ordered the day of, after a month of being left in the dark they emailed me saying they have none of thr items. Yet all of the items they were out of are still for sale on there site.

 

[ReadyXB]

I ordered the day of, after a month of being left in the dark they emailed me saying they have none of thr items. Yet all of the items they were out of are still for sale on there site.

Were you able to get a refund to your credit card?

 

[nightfire180]

They already sent a refund according to them, and it can take up to two weeks.

 

[Omiotek]

Yeah now even if you add stuff to your cart it doesn't show in the cart.



Wish I would of gotten some stuff

 

[Cherry_Bomb]

its http://ebrracewear.com different site.

Thanks!!

I ordered the day of, after a month of being left in the dark they emailed me saying they have none of thr items.  Yet all of the items they were out of are still for sale on there site.

Go figure, I read this part after I place an order lol.

Yeah now even if you add stuff to your cart it doesn't show in the cart.

Well a few items I was interested in showed up in the cart, so I ended up purchasing them. Time will only tell if the order was filled. I hope so tho, good deals on some items!

 

[generalcuz]

Ordered a week after closure. Two weeks later I contacted them. Just was informed my entire order could not be fulfilled. Refund takes 1-2 weeks.

Be very weary of the gamble with trying to buy anything from EBRacewear. With their website inventories being so off, it's hard to get a read on

 

[Cosworth]

Ebrraceware is a separate company that operates out of Huntsville Tx

More of a fulfillment place really known as M&M designs, I believe they make shirts etc for companies like EBR.

Since EBR is gone I can only assume they are liquidating everything as to be done with it.

 

[Rogue4]

Ordered stuff the day after closure. Got a refund statement for half of it from M&M designs yesterday.

 

[Hughlysses]

The latest stink from Hero:

Forth quarter profits down 14%:

http://economictimes.indiatimes.com...-14-at-rs-4 77-crore/articleshow/47189741.cms

Apparently their profits are way down because they wrote off the $25M they invested to buy 49.2% of EBR ~2 years ago.

and "Hero MotoCorp to set up subsidiary in US"

http://www.business-standard.com/co...-set-up-subsidia ry-in-us-115050800741_1.html

 

[mrlogix]

" has considered and approved setting up of an operating wholly owned subsidiary in United States of America for conducting the business of, among others, providing research, development and consulting services, distribution, marketing and promotion of two wheeler vehicles, and any other ancillary activities"

Hmmm, wonder where they plan on that being...total fuckery....

 

[stamen]

[down]

 

[08herobolt]

Let's burn it to the ground. There's nothing more American than a good old fashion revolt.