All Bike & eBike articles – Page 46
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News briefsLeva Group exclusive distributor for Tern Bicycles in Australia
The manufacturer of Tern Bicycles, Mobility Holdings, has partnered with Leva Pty Ltd. in Australia. The Melbourne-based company will be the exclusive “down-under” distributor for the Tern Bicycles urban e-mobility brand. From March 1, 2023, Australian IBDs can order Tern Bicycles through Leva Group. The Melbourne-based company will also handle ...
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News briefsSimplon shareholders replace CEO and COO
Source: Simplon The new man at the helm: Industry newcomer and CEO Stephan Wabnegger The shareholders of Austrian custom bike builder Simplon Fahrrad GmbH have appointed industry newcomer Stephan Wabnegger to head the company with immediate effect. At the same time, Simplon CEO Stefan Vollbach and COO ...
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News briefsBoost secures six-figure investment
Source: Lavita Boost by LaVita Boost, a British brand specializing in e-bike conversion kits, has announced the completion of a funding round with a six-figure investment raise. Founded by Cambridge design engineer Nick Bailey, Boost is an aftermarket conversion kit brand that works directly with retailers. The ...
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News briefsCanyon appoints general manager for Asia
Source: Canyon Hideki Mochizuki German DTC bicycle supplier Canyon Bicycles GmbH has announced that Hideki “Mochi-san” Mochizuki, a veteran of the bicycle industry, has joined the company as general manager for the Asia Pacific region. He will join Canyon’s executive leadership team and will be responsible for ...
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News briefsEurobike 2024 will take place in early July
Even before the start of the upcoming Eurobike 2023 on June 21, the organizers of Fairnamic GmbH have set the date for the 2024 edition of the leading trade show in Frankfurt am Main. The 32nd edition of the show will take place from Wednesday, July 3, to Sunday, July ...
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ArticleFox Factory posts record sales and profits in challenging fiscal 2022
On Feb. 23, suspension specialist Fox Factory Holding Corp. announced financial results for the fourth quarter and full fiscal year 2022. Thanks to continued strong sales in the second half of the year, marked by a general reluctance to buy due to inflation, the U.S. company once again posted record ...
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News briefsAndrés Iniesta backs the new Guava bike brand
Never Say Never Ventures (NSN), the business incubator co-founded by former FC Barcelona player Andrés Iniesta, is backing the launch of Guava, a new high-end bicycle brand focused on gravel. Guava was founded in Barcelona by David Álvarez and Nacho Suárez, two friends with more than 25 years of experience ...
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News briefsShimano establishes joint venture for Southeast Europe
Shimano Europe has announced a joint venture with Greece-based Nikos Maniatopoulos to handle bicycle components and fishing tackle sales and service in most of Southeast Europe. The joint venture will operate as Shimano South-East Europe. Integration is planned to start on April 1. The joint venture builds on a long-standing ...
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ArticleGarmin's operating income drops in Q4, targets $5 billion for FY23
Positive currency effects of more than $44.5 million helped Garmin report a 2.5 percent increase in Q4 net income to $293.3 million from $286.1 million. Operating income decreased 15 percent to $267.2 million for the period ended Dec. 31, but gross margin improved to 57.0 percent from 55.5 percent. Total ...
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News briefsSchöffel rearranges and shrinks its top management, Felix Geiger leaves
Felix Geiger, CFO of German brand Schöffel, will leave the company by end of March. Geiger joined Schöffel in Dec. 2014 and took over the professional business unit of the company in Sept. 2021. As a group CFO, he is currently responsible for the financial area of the specialist for ...
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ArticleBike24’s growth FY 2022 driven by expansion into new markets via localized e-stores
According to initial preliminary figures, German cycling, running and swimming online retailer Bike24 Holding AG has closed its fiscal year 2022 with a solid final quarter. In 10-12/2022, sales grew by 2.8 percent to €60 million. Considering that other suppliers in the sporting goods, outdoor and cycling world already began ...
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News briefsEuropean Parliament calls for an EU Cycling Strategy
The European Parliament has adopted a Resolution calling for an EU cycling strategy. The Resolution on developing an EU Cycling Strategy tasks the European Commission with doubling the number of kilometers cycled in Europe by 2030. Whilst legally non-binding, it is a key document to shape future policy priorities and ...
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ArticleShimano with new sales and profit record for its bicycle division
Many companies – irrespective of the industry – lost ground, especially in the second half of 2022. Inflation triggered by the Ukraine war has led to a buying restraint on the part of consumers worldwide. Everyone is feeling the pinch. But there are a few exceptions: For Shimano, for example, ...
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News briefsMicro-mobility expert Kõu Mobility Group acquires majority stake in Ampler Bikes
On Feb. 14, Kõu Mobility Group and Ampler Bikes announced they are joining forces to strengthen their position in the micro-mobility sector. Both Estonia-based companies signed an investment and share exchange agreement that makes Kõu the new 51 percent majority shareholder of Ampler. Ardo Kaurit will remain CEO of the ...
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News briefsNew additions to Pearl Izumi’s athlete team
Pearl Izumi, the Colorado-based cycling apparel and footwear brand, has announced its athlete squad for 2023. Whitney and Zack Allison have joined the athletic team, while current members Alexey Vermeulen, Hannah Shell, Jake Magee, Brooke Goudy, Mark Mathews and Marley Blonsky were re-signed. Whitney and Zack Allison are best known ...
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News briefsNew head of brand at Suunto
Nicolas Holtzmeyer, new head of brand for Suunto Nicolas Holtzmeyer was appointed head of brand of Suunto on Dec. 1, 2022, moving to the company’s headquarters in Vantaa, Finland. In his new role, he is responsible for Suunto’s global brand presence. His focus will be on building ...
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ArticleSRAM Group commits to building a new plant
Source: SRAM Group According to the plan, the new modern SRAM Group production facility in Taichung should start in 2024. For more than three decades, US component supplier SRAM Group has relied on Taiwan for its production. After all, the island nation committed itself many years ago ...
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ArticleBicycle market slowdown brings Mips’ otherwise good fiscal year 2022 results down
In the fourth quarter of the 2022 fiscal year alone, Swedish “Brain Protection System” innovator Mips AB had to digest a 46 percent sales drop compared to the last three months of the previous year, down to SEK 107 million (€9.60 million – adjusted for currency effects, minus 53 percent).
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ArticleThule Group decline in sales continues into Q4
Thule Group has reported a sharp decline in sales for the fourth quarter of 2022, as a slump in bike products begun in the third quarter continued. The Swedish company explains that retailers sought to reduce inventories in the product category in the second half of the year after “excessively ...
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News briefsInternetstores announces new CEO
Internetstores has a new CEO in Torsten Waack van Wasen, who succeeds Max Heimann as leader of the multichannel specialty retail giant. According to company news, Heiman left at his own request after taking on the role only about six months ago. The digital specialist retailer for bicycles includes brands ...
