The police have been called to the Scott Sports headquarters due to a dispute among executives amid the ongoing power struggle within the company.

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Corporate drama at Scott Sports

It continues, as the police were called to its headquarters this week due to a "dispute between managers" - just a few days after CEO Bit Zaugg refused to accept the company's decision to fire him, which sparked a strange power struggle within the upper echelons of the Swiss brand.

A dispute between the managers led to a call to the police.

On Wednesday afternoon, several police cars from the Fribourg police were spotted at the entrance to the Scott Sports headquarters in Givisiez, Switzerland. According to information obtained by Euro DayFR, the police were called to intervene in a dispute between executives, although one representative told the publication that "nothing serious" happened, and no employees were harmed or arrested. "Nothing serious happened," said Bertrand Ruffier, an official representative of the Fribourg police. "We are intervening in a civil dispute, a disagreement between managers. In such cases, the police are called to the scene to find a way to start a dialogue and allow people to understand each other. But no one was harmed or arrested." The representative continued: "First, we verify the information for authenticity, and then, when we see that the matter is not serious, the patrol gradually withdraws."

The power struggle within Scott Sports

Scott Sports is caught up in a strange "power struggle" as ousted CEO Bit Zaugg claims he is still at the helm of the company. While it remains unclear whether these two incidents are related, the presence of police at Scott's headquarters follows the alleged firing of the company's former head, Bit Zaugg, which Zaugg denied this week, calling the announcement an attempt to "destabilize" the brand and its employees. Last week, it was announced that Scott Sports, whose majority owner is the Korean company Youngone, which entered the business in 2015, had urgently fired Zaugg after 26 years as CEO. It was also announced that Kim Juwon, who has over 17 years of experience in investment banking and was the head of growth strategy and mergers and acquisitions at Youngone, would take his place, and he is also a member of Scott's board.

The company stated that this decision was made for the "revitalization of Scott with the aim of becoming a manufacturer of bicycles and other outdoor sports with global manufacturing status." However, this decision has been contested by an angry Zaugg, the second-largest shareholder of the company, who seems to be standing firm in what he calls a "power struggle." "This announcement was made to destabilize the company and its employees," Zaugg said on Monday. He also claims that the announcement was made with the support of a PR agency that works for Youngone, not Scott Sports, and that the dispute is related to a "clash of cultures" between Youngone and the company. "I still stand my ground in this power struggle," he added. "Youngone's financial support is based on the fact that, as is known, consumer goods stocks are usually limited. It doesn't matter whether industry consultants support the announced interim successor Kim Juwon or not; Kim himself is not familiar with the bicycle and outdoor recreation market in Europe."

Scott Sports and Youngone company

Bicycle manufacturer Scott Sports has received a loan of 150 million Swiss francs from its majority owner, the Korean company Youngone. Youngone, a supplier for brands including Patagonia, Adidas, Lululemon, Outdoor Research, and The North Face, announced the loan to Scott Sports for additional liquidity. The need for the loan arose due to the breakdown of banking relations between Scott Sports and Youngone, as claimed by former CEO Zaugg. He believes that Youngone prefers to keep Scott Sports under their influence and is limiting the company's financing options. The relationship between the companies is impacting the Scott team and European bicycle retailers.

Lost trademark case

Last year, Scott Sports lost a trademark case against the heirs of the AC/DC singer.