All Bike & eBike articles – Page 50
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News briefsGiant Group’s 2022 ends with double-digit growth
Taiwan’s leading bicycle manufacturer Giant Manufacturing Co. Ltd (Giant Group) saw its FY2022 sales increase 12.5 percent year-on-year to 92.04 billion Taiwan dollars (€2.82bn). However, rising material and labor costs and increasing OE business affected the group’s gross margin and operating profit. Year-on-year, net profit before tax was flat at ...
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News briefsThule shifts to a direct distribution model in Italy
Starting from 2023, Thule will directly distribute its products in outdoor and bike shops throughout Italy. For the past ten years, the company’s products were distributed in Italy by Panorama Distribution. Thule’s products are sold in more than 140 countries around the world. In its latest financial reportings, Thule Group ...
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News briefsAnother outdoor brand debuts with adventure bikewear collection
The outdoor brand Rab, managed alongside Lowe Alpine by Equip Outdoor Technologies UK Ltd., is taking advantage of the gravel bike trend to enter the bike business, as previously teased. With its “Cinder” collection debut, the Brits are targeting adventure or off-road bikers directly this spring. “Off road cycling adventures ...
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News briefsBuyer found for insolvent Prophete Group as a whole
Singapore-based Dutech Holdings Limited is to take over the insolvent German bicycle group, Prophete Group. The buyer is a leading global systems manufacturer in the field of security technology and ticket vending machines (TVM). The group is owned by U.S. entrepreneur Dr. Johnny Liu and employs more than 2,600 people ...
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ArticleGorewear introduces new selective distribution strategy
Gorewear, the premium sportswear for cyclists runners from W.L. Gore, will readjust its sales concept at the turn of the year. The introduction of a new sales strategy will focus on maximizing the customer experience at all touchpoints. The sportswear brand is targeting an integrated premium marketplace to provide consumers ...
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News briefsUK bike sector faced turbulent year in 2022
The Bicycle Association, the U.K.’s trade association for the bicycle industry, has released the “Annual Market Data Report for 2022: Riding out the Storm,” which provides coverage of the U.K. cycling sector for the calendar year 2022. Sales of mechanical bikes fell 22 percent to an estimated 1.88 million units ...
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ArticleSpanish bike-rental outfit has big plans
Rookfy, a bicycle-rental platform in Spain, enjoyed a satisfactory debut last year, according to chief technology officer Santiago Alonso, who spoke with CMDsport. The young company has recently added the retailer Escapa to its marketplace and joined the Spanish Association of Brands and Bicycles (Ambe). In an interview with Joanseguidor.com, ...
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ArticlePon.Bike celebrates groundbreaking in Lithuania
In early 2022, the Dutch mobility group Pon Holdings B.V. announced plans to invest in the construction of a new state-of-the-art bicycle and e-bike production facility in Lithuania. In September 2022, it was confirmed that, despite all the odds of our times, they were on schedule to open in 2024. ...
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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 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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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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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 ...
