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Lidl-Trek are now majority owned by Lidl, and with the new agreement, are aiming for the top of cycling.
The team announced on Monday that a contract had been signed between the German supermarket giant and American bike company Trek on Friday, which sees the latter still retain a “significant stake”.
“The partnership is based on the strategic goal of transferring Lidl’s organizational excellence to Lidl-Trek and combining the expertise of both co-owners to achieve our ambitious goals. The combined resources and expertise are intended to accelerate the team’s performance development in the coming seasons.”
