Mike Rice
About
Mike Rice is from London, England, United Kingdom. Mike is currently Chairman & Investor at Balfes Bikes, located in London, England, United Kingdom. Mike also works as Cycling Industry Multi-Channel & Commercial Strategy Consultant & Non Exec Director at Millvent Ltd, a job Mike has held since Sep 2017. In Mike's previous role as a Board Director at Evans Cycles, Mike worked in Gatwick until Aug 2017. Prior to joining Evans Cycles, Mike was a Managing Director at Evans Cycles and held the position of Managing Director. Prior to that, Mike was a Franchisee at Evans Cycles, based in Croydon from Jan 1990 to Jan 1993.
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Mike Rice's current jobs
Supporting, Directing and investing in Richard and the team at Balfe's Bikes to realize their full potential.
Non-Exec Director advisor/consultant to retailers, brands and distributors within the cycle industry.
Mike Rice's past jobs
Executive responsibility across a number of areas, including Commercial, Trading, B&M, Property, Customer Strategy, Proposition Development. Investor and Executive Team member along with CEO/CFO involved in the sale of the business to ECI Capital Partners in May 2015. The process included comprehensive commercial and financial due diligence being completed on behalf of the sellers by KPMG & PWC. Selection of corporate finance advisors, presentations to potential secondary buyout private equity investors and trade buyers. Comprehensive due diligence was completed by the potential buyers Identified, evaluated and opened 20 further stores and built a pipeline of future store openings post sale to enable roll-out strategy to be continued Developed & Implemented a Multi-Channel Trading & Product strategy, including the development of a number of Private Label brands and UK Exclusive brands
Consolidated disparate franchise network & franchisees into a single trading entity and lead the business through extensive period of professionalization / change, including the recruitment and development of senior management team Nationwide rollout of stores, including development of the store format in conjunction with store design agencies and location strategists. Growing store number from 5 in 1993 to 45 in 2012 Launched 3 generations of the evanscycles.com website Developed and implemented Multi-channel strategy Developed Private Label product strategy, including the identification of supply chain partners, resulting in Private Label brands developed being highest volume / margin brands within key product categories 2010; completed upgrade of ERP system, across all business areas following robust evaluation process & 18 month implementation plan 2007; Lead the process to sell the business and for the shareholders to realize value from asset. Following the appointment of PWC as corporate finance advisers and presentation to a number of Private Equity and Trade Buyers and extensive due diligence being completed the business was sold to Active Private Equity in April 2008