All Bike & eBike articles – Page 68
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ArticleYamaha and Hero Motors form joint venture for e-bike drive systems
Japanese Yamaha Motor Company has signed an agreement with Indian two-wheeler manufacturer Hero Motors for a new joint venture to manufacture e-bike drive systems in India. The company is expected to be established by the end of November, with Yamaha holding a 10 percent stake and Hero, the parent company ...
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ArticleGerman bicycle companies develop charter for a sustainable industry
For more than a year, a committee of six German bicycle companies developed an action plan for resource conservation, sustainability and climate protection around the products and services of the bicycle industry. At the end of October, 23 decision-makers adopted the “Bike Charta for Sustainable Business” at a meeting of ...
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ArticleLess growth for Giant Group in Q3
With strong global demand for bicycles and e-bikes, Taiwan-based bicycle manufacturer Giant Manufacturing Company Ltd reports that its global production facilities are fully loaded with orders, supporting the company’s revenue and profit growth. For the first three quarters of fiscal 2021, the company reported record sales of 61.94 billion Taiwan ...
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ArticleGoPro says Christmas sales won’t be hit by supply crisis after stellar Q3 results
Action camera maker GoPro said it did not expect Christmas sales to be hit by supply-chain constraints as it reported better-than-expected third-quarter results. The company posted a net profit of $311.8 million, up from $3.3 million a year ago. Revenue grew 13 percent to $317 million against GoPro’s own estimates ...
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ArticleDorel Sports Q3 revenues slip as supply-chain constraints bite
Dorel Industries said third-quarter revenue at its Dorel Sports segment fell slightly on supply-chain disruption and parts shortages, leading it to lower fourth-quarter expectations for the group as a whole. The company, which last month agreed to sell Dorel Sports to Pon Group for $810 million, said revenue at the ...
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ArticleVista Outdoor on target as Q3 earnings beat expectations
U.S.-based Vista Outdoor has reported better-than-expected third-quarter revenue, driven by growth in its shooting and outdoor segments as the recreation boom sparked by the Covid-19 pandemic shows no sign of slowing. Revenue for the three months to September 26 rose 35 percent to $778.5 million against forecasts of $723.3 million. ...
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News briefsAmpler E-Bikes raises €7.4 million to support expansion plans
Estonian DTC e-bike brand Ampler has closed a capital round led by investors Taavet Hinrikus and Sten Tamkivi of Taavet+Sten, with participation from other leading Estonian investors including Metaplanet, Ambient Sound Investments and Ragnar Sass. The total size of the equity investment was €7.4 million. The fast-growing e-bike company, founded ...
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News briefsAccell appoints Chief Supply Chain Officer
Accell Group has appointed Francesca Gamboni, currently SVP of Stellantis (the merger of the former PSA Group and Fiat Chrysler) in Paris, in charge of the global supply chain, to the position of chief supply chain officer, tackling what has become an important and complex issue in the bike sector ...
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News briefsDorel announces ruling by Luxembourg administrative court
Martin Schwartz, president and CEO of Dorel Industries Inc. of Montréal, Canada, expressed disappointment with the Luxembourg Administrative Court’s upholding on appeal of a previously announced ruling that one of wholly-owned subsidiaries of Dorel owes €54.6 million in taxes, including interest. As a result of the ruling, Dorel must pay ...
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News briefsBikeExchange creates chief customer officer position
BikeExchange Limited, an operator of a global online cycling marketplace, has appointed Rebecca Boxall as chief customer officer, a newly created position that completes the recruitment of its leadership team following the company’s IPO in February. Boxall, who is currently VP of e-commerce, marketing and customer experience at Canadian company ...
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News briefsBICO and Eurobike announce long-term partnership
One of the largest purchasing associations in the German bicycle industry, the dealer association Bike & Co (BICO), a service provider for more than 850 independent specialist dealers and more than 130 brand suppliers, is committing itself to the new Eurobike trade show from July 13 to 17, 2022, in ...
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News briefsHigg reports 70 percent growth in platform use and better assessment scores for users
In its 2021 impact report, technology platform Higg takes a look at its progress towards expanding into new industries and helping companies develop a holistic view of their environmental and social impact to decide smarter. Within the last two years, Higg started with tools to measure manufacturing ...
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News briefsCODI’s sports brands with strong Q3, Boa leading the pack
All four of Compass Diversified’s (CODI) outdoor and sports brands – 5.11, Boa Technology, Marucci Sports and Velocity Outdoor – posted positive sales results and improved Ebitda in the third quarter, with Boa, maker of the dial-based Boa Fit System system for footwear and other applications, showing the highest sales ...
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News briefsMichael Jakob hired as Deuter head of international sales
Source: Deuter Michael Jakob After leaving PrimaLoft in June 2020 after more than six years as VP of business development Europe, Michael Jakob – as the company has just officially announced – has taken over the position of head of international sales at Deuter in Gersthofen, Germany, ...
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ArticleMips posts solid growth in Q3 despite supply chain challenges
Swedish company Mips reports that its third quarter built on the very good growth seen earlier in the year. The specialist in “brain protection” helmet technology reported that net sales increased by 81 percent to 185 million Swedish kronor (€18.6m-$21.7m) compared to SEK 120 million in Q3 last year. Organic ...
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ArticleShimano’s bicycle segment up 30%, raises forecast
While reporting excellent figures for its third quarter ended Sept. 30, Shimano said it was expanding production capacity at its factories in Japan and overseas to respond to the growing global demand for its products, as Covid-19 outbreaks have disrupted both manufacturing and logistics everywhere. Bicycle dealers’ inventories are still ...
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News briefsTextile Exchange and TextileGenesis pilot new industry tracking program
After a year of collaborative development, nonprofit organization Textile Exchange and traceability platform TextileGenesis are piloting a new industry tracking program called eTrackit. The new digital system for granular traceability creates material accounting of certified materials at the article level across the supply chain, enabling peer-to-peer validation and leveraging third-party ...
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News briefsCake opens first showroom/service center in Stockholm
Swedish electric motorcycle manufacturer Cake, a member of SOG, is opening its first-ever CAKEsite on Oct. 27, a combination showroom, retail, test ride and service center where customers can physically explore, touch and feel the bikes, take test rides or have their bikes serviced. The new CAKEsite:Stockholm is located next ...
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News briefsDecathlon to open first Swiss “Mountain Store” and plans fifteen more
Decathlon will open its first “Decathlon Mountain” store in Switzerland on Dec. 1 in the town center of Zermatt. The 350-square-meter store will offer the entire Decathlon product range. Other locations in the country are planned, the company said in a press release: About 15 stores in family holiday destinations ...
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ArticleBike-Components joins forces with brick-and-mortar retailers
The German e-commerce bicycle platform Bike-Components (managed by BC GmbH & Co. KG) is launching a new business segment next year: BC Remote is an ordering platform for brick-and-mortar bicycle dealers only. The background to this is that bicycle shops, in times of supply bottlenecks, sometimes search for missing parts ...
