All Bike & eBike articles – Page 10
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ArticleRotor taking a hit in revenues
Rotor, the Spanish manufacturer of bicycle components, had the best year in its history in 2022, when revenues fell just shy of €22 million, improving by 30 percent on the previous year, but things have since slowed. The first half of 2023 produced a 25 percent drop in sales, and ...
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News briefsTrerè’s Titici bicycle brand opens US subsidiary
Premium bicycle brand Titici opened its first US subsidiary in Boston, Massachusetts, in August. The brand, under the umbrella of Italian textile supplier Trerè lnnovation (manufacturer of technical apparel brand UYN Sportwear, among others), aims to score points in the US with its road, gravel, mountain and e-bike products. Thanks ...
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ArticleVW’s financial service takes a stake in Pon’s bike leasing subsidiary
On Sept. 4, the Volkswagen Group announced in a side sentence at a press conference (much of which was about cars and less about bikes) at the IAA Mobility press day in Munich that it planned to enter the bike leasing business. Pon Holdings B.V., a company familiar with the ...
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News briefsRevenues just keep rising at Trek Spain
With the close of its financial year 2022, Trek Bicycle’s Spanish subsidiary has racked up at least six consecutive years of record revenues, according to CMDsport. This time around, revenues amounted to €57.32 million, up almost 33 percent from FY 2021’s €43.15 million. This was both the company’s first time ...
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ArticleVista Outdoor announces public filing to spin off its outdoor product brands
Vista Outdoor Inc., the parent company of 41 sports and outdoor brands, filed a public registration statement on Form 10 with the Securities and Exchange Commission (SEC) on Sept. 5, 2023, in connection with its previously announced plan to separate its Outdoor Products and Sporting Products segments into two independent, ...
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ArticleKSR Group files for court-supervised restructuring proceedings
Austrian two-wheeler wholesaler and importer KSR Group announced on Sept. 6 that it will file for court-ordered restructuring proceedings. Due to increased energy prices, high inflation and the loss of customers’ purchasing power, the economic situation has changed drastically over the past year in the markets served by the family-owned ...
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News briefsThule opens pop-up in Taipei with Hong Kong artist Shawn Yue
In late August, Thule announced the opening of its pop-up store in Taipei’s vibrant Xinyi District. It is located in A13, Far East Departure Store, a prime department store in Taiwan, similar to Galerie Layette in Paris. The temporary store opened on Aug. 25 and will operate until Sept. 17, ...
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News briefsMcLaren’s electric scooter division acquires troubled e-bike maker VanMoof
Lavoie, the electric scooter unit of F1 engineering and technology company McLaren Applied, has reached an agreement to buy bankrupt Dutch e-bike maker VanMoof. The company also announced that it will invest in stabilizing and expanding the business. Terms of the acquisition were not disclosed, but McLaren Applied Chairman Nick ...
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News briefsPon.Bike acquires Italian cycling shoe brand Nimbl
Pon.Bike, the subsidiary of Dutch family holding company Pon Holdings B.V., which has become a leading European cycling company with more than 15 brands, has acquired the emerging premium cycling shoe brand Nimbl, based in Porto Sant’Elpidio, Italy. Details on the sale price were not disclosed. Founded in 2020, Nimbl ...
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ArticleMips acquires 25% in US sensor tech firm
Swedish helmet safety specialist Mips AB has entered into an agreement to acquire 25 percent of Dallas, Texas-based sensor technology company Quintessential Design, Inc (Quin Design) for $7.3 million. Quin is an ingredient brand for event detection technology and has been providing specialized sensor fusion and software for helmet brands ...
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ArticlePierer reports strong H1 sales and revenue, PTWs offset bicycle sales
Pierer Mobility AG achieved record sales of EUR 1.39 million in the first six months of the year (+20.2 percent compared to the first half of the prior year). This result is mainly due to the excellent development of the PTW (Power Two-Wheelers = motorcycles and e-bikes) business. Group-wide, around ...
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News briefsFirst MADE Bicycle Show in Portland a success
The first MADE Bicycle Show, an exhibition of handmade bicycles and community involvement, was held Aug. 24-27 in Portland, Oregon, with resounding success. The event featured two trade visitor days followed by three consumer days. When the gates closed, MADE was recognized as the largest handmade bicycle event in the ...
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News briefsMaker of custom bike brand Müsing insolvent in self-administration
The German manufacturer of custom bike brand Müsing, Radsportvertrieb Ditmar Bayer GmbH, is in financial difficulties due to a severe drop in sales caused by the challenging times. On Aug. 23, the district court in Montabaur, Germany, officially confirmed the company’s insolvency in self-administration. During the reorganization procedure, business operations ...
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News briefsDeuter continues to support German MTB podcast TYFR
For the second year in a row, Deuter supports the German-language podcast ”Thank you for Riding” (TYFR), which tells stories about mountain biking. The podcast is published monthly and has been in existence since 2021. The voice of the podcast is Rainer Frömmel. Frömmel is also the host of the ...
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News briefsBrompton starts partnership with Komoot, Bear Grylls
Source: Brompton Brompton x Bear Grylls Brompton, the UK’s largest bike manufacturer, is partnering with navigation and activity planning app Komoot. This partnership is across Europe and coincides with the previously announced launch of the Brompton x Bear Grylls Collection. The bike, which will be available in ...
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News briefsYamaha Bicycles launches new U.S. e-commerce platform
Yamaha Bicycles is celebrating 30 years as a pioneer in e-bikes by announcing the launch of an all-new e-commerce platform in partnership with its large network of dealers in the USA. Effective immediately, e-bike enthusiasts in the U.S. can purchase their new Yamaha Power Assist Bicycle online at yamaha-motor.com and ...
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News briefsRevolutionRace opens up in three new markets
RevolutionRace is expanding its international presence by opening up for customers in three new markets: Canada, South Korea, and Japan. RevolutionRace will now be available in approximately 40 countries. “We are very excited to continue our journey of growth by opening up for customers in three new exciting markets. We ...
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ArticleR&M switches to reusable packaging for e-bikes and small parts
German e- and cargo-bike manufacturer Riese & Müller GmbH (R&M) has announced it is soon to be one of the first manufacturers in the bike industry to use reusable packaging for shipping e-bikes and small parts.
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ArticleLeatt’s 2023 numbers make 2022 look like a dream
Leatt Corporation swallowed another double-digit 31.2 percent preliminary revenue decline down to US$12.35 million (€11.27 million) in the second quarter of its current fiscal 2023. But there may be some good news on the horizon for the protective equipment maker.
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ArticleMerida H1 sales and profit down
In the first half of 2023, Taiwan’s second largest bicycle producer Merida Industry Co, Ltd. posted a single-digit sales drop and a double-digit profit drop, mirroring that of its compatriot and leading bicycle producer, Giant Manufacturing Ltd.
