All Bike & eBike articles – Page 22
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News briefsBelgian bike apparel maker Gofluo expands into the U.S. market
The Belgian cycling and running apparel startup Gofluo, specializing in fluorescent safety vests for children and adults, is making its entry into the U.S. market in January 2023. As a distribution partner, Gofluo has teamed up with Vélo Premiere, a consulting and sales agency that helps European brands find their ...
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News briefsRetyre raises funding for new bike tire factory in Norway
The Norwegian bike tire company ReTyre AS, a start-up founded in 2015, is expanding into Europe with distribution in Germany, Austria and Switzerland and a webshop. The company goes to market with a tire system that enables a change of profiles on a base tire with a zip-on system, including ...
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ArticleItalian investor joins 3T Cycling
To support 3T Cycling’s ongoing rapid growth, UTurn Investments Srl, an independent family firm founded by Gianpiero Peron, Luca Mongodi and Alberto Nicoli, has invested in the iconic high-end Italian niche bicycle company. The focus is also on expanding 3T’s own “Made in Italy“ factory, where not only bike components, ...
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News briefsNew Recco SAR helicopter detectors in Spain and Sweden
Recco reports the deployment of two more SAR helicopter detectors: Pompièrs Emergéncies S.L.U in Val d’Aran in the Pyrenees has been equipped with the innovative search device. While many rescue teams in Spain are already equipped with the Recco detectors, which they use as handheld devices for avalanche burial searches, ...
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ArticleBritish Mammut owner and investment company Telemos takes majority stake in Vittoria Group
A year and a half after acquiring the Swiss Mammut Sports Group from Bystronic (formerly Conzzeta Group), Telemos Capital is making news with another acquisition in the sporting goods industry. The British investment group has signed a binding agreement to acquire a majority stake in Vittoria Group, the bicycle tire ...
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ArticleSchwalbe receives 20.000 used bike tires from German retailer for recycling
Ingo Ruhland, a Bavarian bike retailer, has collected used tires in his basement for the last 23 years, waiting for a viable recycling option to develop. Over time, roughly 20,000 tires piled up at his place in Freising near Munich. Now that Schwalbe has developed a scalable recycling process together ...
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ArticleBicycle business faces first major hurdles after pandemic surge
At ISPO Munich 2022, OIC spoke with representatives of Taiwanese sporting goods exhibitors about their counterparts in the bicycle industry and found out that fear is creeping into the business – not only among manufacturers in the Far East, but also among Western bike suppliers and their IBD partners. Read here why the industry is extremely worried.
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ArticleRose Bikes continues double-digit growth in 2021/22
DTC provider Rose Bikes GmbH achieved total sales of €174 million in its 2021/22 fiscal year ending Oct. 31. Compared to the previous year, this is an increase of 17 percent. What the Bocholt-based company is particularly proud of is that, despite bottlenecks in the supply chain, sales of complete ...
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News briefsBrompton celebrates millionth folding bike, kicks off marketing campaign
47 years after its invention, U.K. folding bike manufacturer Brompton Bicycle Ltd. is celebrating the one millionth folding bike to roll out of its London factory. The Brompton bike with serial number 1,000,000 and the signatures of inventor Andrew Ritchie and current CEO Will Butler-Adams will be on the road ...
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News briefsSpecialized acquires S’Escapada stores in Mallorca
Specialized has acquired the three S’Escapada bicycle stores in Palma de Mallorca, CMD Sport reported. The financial details of the transaction have not been disclosed. Following this acquisition, Specialized now has a total of 20 stores in Spain. In February 2021, Specialized signed a sponsoring agreement with the football team ...
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ArticleCypad Group acquires majority stake in Pasasport
Since the entrance of the investor PM&Partners SGR S.P.A. in the Italian company Cytech S.r.l. (Cypad Group), which claims to be the world’s leading group for the production of seat pads in sportswear (cycling shorts, etc.) and glove pads, the focus has been on growth. Together, the companies have launched ...
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News briefsNew Zwift co-CEO comes from Amazon
Zwift founder Eric Min announced that he will share CEO duties with former Amazon executive Kurt Beidler as co-CEO going forward. Min, who has been CEO of Zwift since its inception in 2014, will remain chairman of the company’s board of directors. Beidler spent 17 years at Amazon, most recently ...
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ArticleClassified Cycling closes €22 million financing round
Bicycle components newcomer Classified Cycling has successfully closed another round of financing. With the entry of new investors, €22 million were flushed into the Belgian company’s coffers. With the cash injection, raised under the leadership of investment firm Active Partners, Classified aims to “revolutionize the bicycle and e-bike market with ...
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News briefsFox Factory invests $1 million in Trail Trust scheme in its first year
U.S.-based manufacturer of mountain bike suspension systems Fox Factory announced it has invested $1 million in its Trail Trust scheme in one year alone. Trail Trust was created in November 2021 to lead the way in delivering sustainable adventure to everyone. Its goals include building and maintaining new trail systems, ...
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News briefsShimano presents 2022 study on e-bike attitudes in Europe
Are you interested in a detailed country report on the attitudes toward e-bikes in several European countries? If so, you should keep an eye on Shimano’s “State of the Nation 2020” report. More than 15,500 people in 12 European countries were surveyed for this fourth annual report from the world’s ...
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News briefsCanyon Bicycles appoints former road bike athlete as COO
Source: Canyon Alison Jones, new Canyon COO As part of the company’s executive leadership team, German DTC bicycle supplier Canyon Bicycles GmbH has brought Alison Jones on board. She fills the open position of chief operations officer (COO). In this role, the former road bike athlete will ...
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News briefsLook to open a new store in Nevers
Look is planning to open a flagship store in the French city of Nevers, where the company is based, in January 2023, Sport-Guide has reported. The new 240-sqm store will be located just 2km from the company headquarters. Look opened a first brand store in Chartres de Bretagne, near Rennes, ...
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ArticleSchwan-Stabilo’s outdoor brands grow by 16.4%
The German Schwan-Stabilo group, the owner of Deuter, Ortovox, Maier Sports and Gonso, has published its 2021/22 business numbers, achieving growth in all of the group’s categories, which are cosmetics, writing instruments and outdoor sports. In the time span reported, the group generated sales of €745.3 million (previous year: €623.2 ...
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News briefsParcours will be distributed in Australia
British wheel brand Parcours has agreed to a distribution deal with Just Pedal for Australia. Just Pedal will be involved with distribution, sales and support and will act as a local Parcours partner for both customers and retailers across the country. Just Pedal, based in Melbourne and operating since 2017, ...
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ArticleBike industry veteran Pat Cunnane named CEO of Messingschlager USA
Europe’s leading and expanding bicycle accessories supplier Messingschlager GmbH & Co. KG has been able to win over a high-profile industry expert. The German company, which acquired its longtime U.S. partner company – then called Cycle Force Group – and its subsidiaries at the end of 2021 and shortly thereafter ...
