All Bike & eBike articles – Page 64
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News briefsHövding changes hands and delists from the stock exchange
Investor Joel Eklund and his Malmö-based investment company Fosielund Holding AB made a mandatory offer for Hövding at the end of 2021 after exceeding the threshold of 30 percent of shares in the company. In March, Hövding received an interest-free hybrid loan of SEK 50 million (€4.7m) from Fosielund, and ...
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News briefsShimano divests Pearl Izumi to United Sports Brands
Califonia-based United Sports Brands (USB), owner of Spalding, Nathan, Shock Doctor and KT Tape, among others, has acquired the bike apparel brand Pearl Izumi from Shimano, the Japanese manufacturer of cycling components, fishing tackle and rowing equipment. USB is a portfolio company of private equity firm Bregal Partners. Besides its ...
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News briefsQ36.5 introduces bike shirts with graphene yarn
Claiming to be the first bike brand to use a yarn that integrates graphene in the fabric (rather than using the material as a treatment), Italian brand Q36.5 introduces a new fully zipped bike tricot available for men and women that uses a technology patented by the brand. The “Clima” ...
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ArticleFox Factory forecasts overheated bike product sales “back to normal” in winter 2022
In its first sales quarter of the current fiscal year 2022, suspension specialist Fox Factory Holding Corp reported a 35.6 percent increase in its earned revenue of $377.98 million compared to the previous year’s first quarter. Net income of $48.05 million also increased by a double-digit 26.5 percent. Fox Factory ...
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News briefsSpecialized appoints Armin Landgraf as chief of worldwide markets
Source: Specialized Armin Landgraf Following the hiring of former Dyson COO Scott Maguire in March and presenting him as his successor as CEO, Specialized Bicycle Components Inc. founder Mike Sinyard (now „chief rider advocate“) has hired industry expert Armin Landgraf as chief of worldwide markets. Landgraf will ...
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ArticleVittoria Group builds bike park and innovation center in Italy
Italian bicycle tire giant Vittoria Group has begun construction of what it describes as “the world’s first all-discipline cycling experience, innovation center and knowledge hub for bicycle tire development.” Vittoria Park will be built around the company’s headquarters near Milan. It will also house an impressive testing area open to ...
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News briefsFelt presents new logo and new bikes
After the Austrian Pierer Mobility Group bought Felt Bicycles from the Rossignol Group in November 2021 and integrated it into its Pierer E-Bikes GmbH division, which was founded in 2019 and already includes the Husqvarna E-Bicycles, GasGas Bicycles and R Raymon brands, the Californian bike label is now presenting a ...
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News briefsAccell Group updates takeover details
Source: Accell Group CEO Tom Anbeek Accell Group issued a clarification about its looming €58.00 a share takeover by a consortium led by buyout firm Kohlberg Kravis Roberts (KKR). The all-cash offer, which values the Dutch bike company at €1.56 billion (a premium of 42 percent over ...
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ArticleThe return of Kneissl – with e-bikes made in Italy, in collab with Fitstore24
Source: Fitstore24, Kneissl Bikes Franz Kneissl Design’s Carbon Fully (2022) Franz Kneissl III carries an extremely well-known name in Austrian sports and business history. The eponymous ski brand dates back to the first handmade wooden ski made by Franz Kneissl I in 1910, but ski manufacturing has ...
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News briefsBike theft in Switzerland: Claim costs at record level
AXA Versicherungen AG has released statistics on bike thefts in Switzerland. Over the last five years, the number of stolen bikes has remained more or less the same – except in 2020, when there was a slight Covid pandemic-related decrease, but this was no longer noticeable by 2021. Over the ...
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News briefsCycle for Survival surpasses $300 million in donations
Cycle for Survival, a U.S.-based movement to fight rare cancers, has made history by raising more than $300 million in total donations through its signature stationary bike events. Since 2007, more than 1 million participants worldwide, including patients, caregivers, survivors, clinicians, researchers, staff and trustees, have participated in events to ...
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ArticleMips reports outstanding start into 2022
In the first quarter of fiscal 2022, Swedish helmet technology and “Brain Protection System” (BPS) manufacturer Mips AB reported preliminary net sales of SEK 137 million (€13.22 million), an increase of 65.1 percent year-on-year. Organic growth amounted to 48 percent during the quarter. It is mainly based on the success ...
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News briefsUvex Sports takes over distribution of Hiplok
Starting May 1, Uvex Sports will take over the distribution in Germany and Austria of the British brand Hiplok, provider of high-quality security and storage solutions for cyclists and other sportspeople. The Hiplok range includes portable chain locks and U-locks, as well as cable locks and lockable wall and floor ...
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News briefsFoehn expands into mountain biking and running
Canadian outdoor brand Foehn, best known for its climbing apparel, has announced the launch of its SS22 collection, marking its debut in the running and mountain biking apparel categories. The collection comprises versatile pieces for men and women, including multi-use bottoms, tops, and outerwear. The company said that the items ...
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ArticleShimano maintains guidance as sales growth continues to slow
Shimano’s sales in the first quarter of 2022 increased by 13.9 percent compared to the year-earlier to 144,047 million yen (€1,061m), as the growth rate in revenues continued to slow but nonetheless remained strong in the face of supply chain disruptions and logistics difficulties. The company said it is on ...
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News briefsVSSÖ and Arge Fahrrad launch B2B event Austria on Bike
This year will mark the debut of a new B2B bicycle event in Austria. “Austria on Bike” is organized by the Association of Sporting Goods Manufacturers and Sports Equipment Suppliers of Austria (VSSÖ) in cooperation with Arge Fahrrad, the voice of the national bicycle industry under the umbrella of the ...
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News briefsKinetixx doubles sales and plans to launch cycling gloves
German glove brand Kinetixx, part of the Metzingen-based W+R Pro GmbH, has reported to have doubled its sales in the past winter season. In November 2021, former Odlo sales manager Matthias Faller took over responsibility for the DACH market and the label’s international business as head of the Kinetixx Sports ...
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News briefsNew Kettler Alu-Rad e-bike factory to start production soon
After less than two years of construction, German bicycle manufacturer Kettler Alu-Rad GmbH announced the imminent start of production at the “probably most modern production facility for e-bikes in Europe.” The factory is located in the German state of Saarland. It complements the venerable Kettler Fahrradfabrik plant nearby. There is ...
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News briefsCrow Bicycles secures €300,000 in its first funding round
Crow Bicycles, the Spanish high-end e-bike brand launched last year through an international crowdfunding campaign, closed its first investment round with a capital increase of €300,000. The funds will be used to develop new products, technologies, and services and hire new professionals with talent and expertise, the company said. Crow ...
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News briefsDeuter launches social media campaign with factory workers on Fashion Revolution Day
April 24 is Fashion Revolution Day, a commemorative date to remind us of the disaster at the Rana Plaza textile factory in Bangladesh in 2013, in which more than 1,000 people died in agony. Every year on this day people worldwide are called upon to make a statement and wear ...
