All Bike & eBike articles – Page 23
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ArticleCannondale’s new organizational structure without European head
Source: Cannondale Marco Kind After Canadian conglomerate Dorel Industries sold its Dorel Sports bicycle division – comprising Cycling Sports Group (CSG) and Pacific Cycle Group (PCG) – to Dutch company Pon Holdings B.V. last year, work has been underway to integrate the acquired brands. Cannondale, the U.S. ...
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ArticleMV Agusta shareholders and KTM AG inject €30 million
After listed Pierer Mobility AG officially announced on Nov. 3 that its subsidiary KTM AG (not to be confused with e-bike pioneer KTM Fahrrad GmbH) was taking a 25.1 percent stake in rival MV Agusta Motor S.p.A. as part of a capital increase, the Italians announced a €30 million capital ...
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ArticlePon.Bike commissions YIT Lietuva to build new factory in Lithuania
After 2L Architects UAB – the Lithuanian architectural firm responsible for the design of the new factory – received the building permit at the end of September, on Nov. 18, the Dutch bicycle company Pon.Bike officially commissioned the construction company YIT Lietuva to build the 40,000-square-meter facility in Lithuania’s Kėdainiai ...
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ArticleBosch invests specifically in the European production of eBike Systems
In mid-October, the Slovakian ministry of economy told the domestic press that Robert Bosch GmbH (Bosch Group) and its offshoot Robert Bosch spol sro (aka Bosch-Slovensko) would expand the Slovakia-based Electric Drive Division to produce e-bike components for its e-bike drive supplier Bosch eBike Systems and invest accordingly. Shortly after ...
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ArticleEurobike 2023: more space, more brands and a reworked profile
Eurobike is reporting very early demand for exhibition space at the upcoming Eurobike 2023 (June 21-25, 2023), which will be held in Frankfurt for the second time next year. “Demand for space has never been so great at such an early stage as for the upcoming trade fair edition – ...
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News briefsRapha relies on dual leadership after Kim’s departure
Source: Rapha William Kim With William Kim stepping down as CEO of lifestyle bikewear supplier Rapha Racing Limited, the British company is relying on an internal dual CEO solution with immediate effect. Kim had succeeded Rapha founder Simon Mottram only at the end of last year. When ...
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ArticleMerida’s value sales continue to grow at double-digit rate in 2022
After Taiwan’s leading bicycle manufacturer Giant Manufacturing Company Ltd. reported double-digit sales growth of 14.4 percent (compared to the same period in 2021) in the first three sales quarters of 2022, Merida Ind. Co. Ltd., also listed on the stock exchange and the second largest bicycle manufacturer in the ...
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ArticleBike24's impressive sales growth in new markets cushions rising costs
Despite all the current macroeconomic challenges, Bike24 Holding AG, the online retailer of bicycles, running and swimming sports, achieved total sales of €72.62 million in the third quarter of fiscal year 2022. Compared to Q3 2021, this is an increase of 12.9 percent. However, both gross profit (€18m, down 8.3 ...
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ArticleFirst-ever WBIA Global Market Report soon available
At its virtual general assembly this year, the World Bicycle Industry Association (WBIA), which was founded in 2019, discussed numerous industry and market developments on a global level. The latest news is that a first-ever comprehensive WBIA Global Market Report will be published soon. WBIA members include CONEBI, the umbrella ...
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ArticleItalmobiliare announces new Sidi CEO after takeover
Source: Sidi Sport Davide Rossetti, CEO Sidi Sport With domestic investment holding company Italmobiliare Holding S.p.A. (we reported in July) set to complete the acquisition of Italian cycling and motorcycle footwear icon Sidi Sport S.r.l. in the current fourth quarter of 2022 “at an enterprise value of ...
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News briefsHervis launches bike storage service for winter
Until Nov. 15, 2022, Austrian retailer Hervis is offering its shoppers a new type of combined service that is unique in Austrian sports retail: bike service followed by the option of professional, dry and secure storage over the cold months. In two stores in Vienna and Graz, customers can drop ...
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News briefsBianchi renews presence in the U.S.
Source: Bianchi Dan Delehanty, Bianchi USA Country Manager As part of the complete restructuring of FIV Bianchi Spa, headquartered in Italy, Bianchi continues its international development by also renewing its Bianchi USA subsidiary and strengthening its physical presence in North America. Dan Delehanty has assumed the role ...
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News briefsRaleigh is opening an “experience center” in Nottingham
British cycling brand Raleigh is to open later this month an “experience center” in Nottingham, its home city. The site, located at Maid Marian Way, will be a retail space with a full range of Raleigh and Haibike models on display and the option to try them out. Additionally, the ...
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ArticleGiant Group celebrates 50th anniversary, boasts solid results
For Taiwan’s leading bicycle manufacturing companies Giant Manufacturing Company Ltd (Giant Global Group) and Merida Industry Co Ltd, 2022 is very special: both companies are celebrating their 50th anniversaries. On Oct. 27 – one week before the announcement of financial results for the first three sales quarters of 2022 – ...
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News briefsPierer Mobility and MV Agusta deepen strategic cooperation
Shortly after the announcement of a strategic partnership in North America (Pierer Mobility subsidiary KTM AG will take over the exclusive distribution of MV Agusta), the two European motorcycle and (e-)bike suppliers have announced that they will intensify their cooperation by entering into a worldwide distribution partnership. In this context, ...
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ArticleDecathlon launches buyback service in Germany
Decathlon Germany is launching a used-product “Buy Back” service in select cities. For the first time, the sporting goods manufacturer and retailer is buying back used sports products and returning them to second-use sales after successfully inspecting and/or repairing them. Customers who sell their products to Decathlon receive either a ...
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ArticleVista Outdoor shares take hit after guidance lowered
Jason Vanderbrink, president of Vista Outdoor’s sporting products division, told analysts, “We are bullish on the outdoor industry despite near-term macroeconomic conditions that have eroded consumer confidence and pressured performance across the (U.S.) economy. We always understood that the elevated purchase patterns of the last two-and-a-half years would normalize.” ...
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ArticleNew German DTC e-bike company Hepha goes live
A new DTC e-bike supplier called Hepha GmbH is a new kid on the block in the buzzing e-bike market. Noticeably, the top model of the southern German brand comes with a mid-motor developed by the company itself in Germany, while the two other models are equipped with mid-motors made ...
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News briefsFox Factory delivers another solid quarter
Profit at Fox Factory, the maker of products for bicycles, off-road vehicles and motorcycles, among others, rose 16 percent to $50.8 million from $43.8 million for the quarter ended Sept. 30. Ebit was 19.7 percent higher at $64.1 million as operating income increased by 18.3 percent to $65.4 million from ...
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ArticleCake partners with Goldwin in Japan
Cake, the Swedish manufacturer of lightweight e-motorcycles, has signed a three-year partnership agreement in Japan with premium sportswear manufacturer and distributor Goldwin Inc. The partnership draws on Goldwin Inc.’s 70 years of experience and well-established network in manufacturing, distribution, sales and branding, working with premium sports and outdoor brands such ...
