All Bike & eBike articles – Page 2

  • WiggleCRC logo
    News briefs

    Frasers Group revives Wiggle in strategic acquisition deal

    2024-03-04T12:02:00Z

    Frasers Group, the parent company of Sports Direct, has made a strategic move with the acquisition of online bike retailer Wiggle and saved the company from insolvency following the collapse of Signa Sports United (SSU). The acquisition expands Frasers Group’s already diverse portfolio of cycle brands, which includes Evans Cycles ...

  • vista_outdoor_logo_kopie_8
    Article

    Vista Outdoor receives takeover bid of $2.9bn for entire group

    2024-03-01T23:30:00Z

    Vista Outdoor unveiled it has received an offer of $35 per share in cash from the investment firm MNC Capital on Feb. 19, 2024, corresponding to a valuation of $2.9 billion including debt. The offer was made for the entire group, i.e., both the Outdoor business, soon to be listed ...

  • Cake_Logo
    Article

    Norwegian investor acquires Cake after bankruptcy

    2024-03-01T09:18:00Z

    Espen Digernes, a Norwegian investor and CEO of Brages Bilforretning AS, a Toyota and Lexus dealership in Ålesund and Kristiansund, Norway, has acquired Cake, according to Swedish newspaper Breakit. The Swedish manufacturer of electric motorcycles had to file for bankruptcy in early February after the exit of a major investor ...

  • Corporate_StromerCampus_210920_02_0
    Article

    MyStromer reports sustainable growth in 2023

    2024-02-29T15:25:00Z

    Despite the major hurdles that the bicycle industry had to overcome last year – overstock, liquidity bottlenecks, etc. – bicycle supplier MyStromer AG was able to score points. Without disclosing detailed sales figures, the Swiss manufacturer of the Stromer and Desiknio brands closed FY2023 with consolidated sales growth of 10 ...

  • DSC_3032
    Article

    MyStromer moves Desiknio Bikes production to Poland

    2024-02-28T15:34:00Z

    This year, Desiknio Bikes, the Spanish sister brand of S-pedelec brand Stromer under the roof of Swiss MyStromer AG, is taking off with a new production partner. Since January, all Desiknio models have been painted and assembled by the Polish manufacturer Kross S.A. in Przasnysz, 110 kilometers north of Warsaw. ...

  • thule_group_logo_black
    Article

    ​Thule’s sustainability targets confirmed

    2024-02-26T10:47:00Z

    The Science Based Targets initiative (SBTi) promotes ambitious climate protection measures in the private sector by allowing companies to set science-based targets for reducing greenhouse gas emissions. Thule Group’s targets for Net-zero have now been approved by the organization. This is an important endorsement of the company’s sustainability ambitions. In ...

  • Fox
    Article

    Fox Factory’s SSG sales drop weighs on the overall result for FY23

    2024-02-24T16:02:00Z

    While Fox Factory’s former Powered Vehicle Division (split in Q2 2023 into the Powered Vehicle Group (PVG) and Aftermarket Applications Group (AAG)) scored with sales growth, the Specialty Sports Group (SSG), which operates the bicycle product brands Easton Cycling, Fox Suspension, Marzocchi and Race Face, ended up with a two-digit ...

  • Eurobike
    News briefs

    Fairnamic sets date for Eurobike 2025

    2024-02-23T18:15:00Z

    The 32nd edition of Eurobike will take place on the grounds of Messe Frankfurt on July 3-7, 2024. Even before its start, Fairnamic announced the date of the following (33rd) edition of the trade show, which will be held on June 25-29, 2025, in Frankfurt. Eurobike 2025 is being brought ...

  • BMC_Logo
    News briefs

    BMC tests short-time work during weak market conditions

    2024-02-22T10:47:00Z

    Several brands from Central Europe have been struggling after the pandemic. BMC is the latest, as the Swiss bicycle market is also facing hard times. Due to the drop in demand, the company has applied to the Canton of Solothurn’s office for economic and labor affairs for short-time work as ...

  • Ku cycle
    News briefs

    Kú Cycle seeks to raise €200,000 via crowdfunding campaign

    2024-02-22T07:59:00Z

    Triathlon bike specialist Kú Cycle seeks to raise €200,000 via a crowdfunding campaign on Crowdcube. At the time of writing, the company has raised €142,000. Customers are offered a pre-purchase bike fit and build-to-order business model. The company has a granted patent for the Fork Air Stream Technology (FAST), which ...

  • Garmin
    Article

    Garmin reports strong Q4 results, guides to 10 percent revenue growth in FY24

    2024-02-21T18:19:00Z

    Fueled by double-digit gains in both net sales and operating income, Garmin reported strong Q4 results and offered guidance on FY24, where it sees total sales improving by 10 percent to $5.75 billion but overall gross margin contracting by 100 basis points to 56.5 percent. In Q4 ended Dec. ...

  • Johannes Kisslinger Mood_Z2A3393_V3_crop Kopie
    News briefs

    New COO at Woom

    2024-02-21T12:52:00Z

    Source: Woom GmbH Johannes Kisslinger The Vienna-based company Woom, an international children’s and youth bicycle expert, has appointed Johannes Kisslinger as its new Chief Operating Officer (COO). In his position, Kisslinger is responsible for production, supply chain management, purchasing and logistics, quality management, product compliance, and testing, ...

  • publicpreview
    News briefs

    12th VELOBerlin at Tempelhof Airport

    2024-02-20T15:55:00Z

    The 12th edition of the VELOBerlin bicycle festival will once again take place on April 13-14 in the German capital at Tempelhof Airport in the Hangar 5 and the outdoor area. The public can expect an extensive program with more than 200 exhibitors, spacious test tracks, stage talks, workshops and ...

  • Giant Group Logo
    News briefs

    Giant partners with Dick’s Sporting Goods

    2024-02-19T12:38:00Z

    Giant Group has agreed a new partnership deal with Dick’s Sporting Goods, America’s largest sports retail chain, involving the Giant brand. Upon the terms of the agreement, about 25 stores in the US owned by Dick’s, including House of Sport, Public Lands and Moosejaw locations, will sell Giant bikes. Specifically, ...

  • hovding_press
    News briefs

    Bankruptcy estate of Hövding acquired by Austrian iSi Group

    2024-02-16T16:57:00Z

    The bankruptcy estate of Hövding Sverige AB, the Swedish company known for its innovative airbag protection for cyclists, has been acquired by the privately owned Austrian industrial company iSi Group. The acquisition of assets includes all technology, know-how, patents and other intellectual property rights previously owned by Hövding Sverige AB, ...

  • Maloja © Team Lutz Sternstein
    Article

    Maloja wins German Design Award 2024

    2024-02-13T17:22:00Z

    The southern German outdoor brand Maloja Clothing invited its employees’ children to the office for a workshop on a school-free day – and has now been awarded a prestigious design award for the result, the German Design Award from the German Design Council, which recognizes particularly innovative design developments on ...

  • Shimano_logo.svgz
    Article

    Shimano forecasts further sales erosion after difficult FY23

    2024-02-13T17:12:00Z

    Citing soaring raw material prices, possible further disruptions to global supply chains, and persistent economic worries around the world, the Japanese Shimano group is forecasting a 36.6 percent drop in year-over-year operating income in FY24 to ¥53,000 million (€329.4m) on an 11.5 percent decline in consolidated sales to ¥420,000 million ...

  • Thule Group Atmo2
    Article

    Thule Group coped not too badly with challenging FY

    2024-02-11T17:46:00Z

    Swedish Thule Group AB ended the challenging financial year with a year-on-year decline in sales of 9.9 percent to total sales of 9.13 billion Swedish kronor (€804.71 million), an operating result of SEK 1.51 billion (€133.08m, -11.8 percent) and a net profit decline of 13.8 percent to SEK 1.10 billion ...

  • MIPS Atmo2
    Article

    Mips with poor 2023, but bike helmet orders are growing

    2024-02-09T15:08:00Z

    2023 was a challenging year for helmet safety technology provider Mips AB, mainly due to the bicycle helmet category, which was affected by high inventory levels and a drop in demand. The only ray of hope: incoming orders for this very category picked back up for the first time in ...

  • GoPro_Logo
    Article

    GoPro counts on some wins despite Q4 and FY losses

    2024-02-08T16:21:00Z

    GoPro is increasing its retail presence and product range while ramping up its brand exposure at global sporting events, despite reporting Q4 and FY23 operating losses and declines in revenues. Ten months since launching a multi-year growth strategy, the group says it can count on some wins despite the reported ...