All Bike & eBike articles – Page 74
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News briefsPinarello announces new sales team organization
After the investment fund L Catterton, which joined Italian bicycle equipment manufacturer Cicli Pinarello srl as majority shareholder in 2016, introduced a new organizational structure at management level together with Pinarello founding partner and CEO Fausto Pinarello (son of company founder Nani Pinarello) earlier this year, the sales team has ...
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ArticleDDK Group increases production capacity with new factories in Vietnam
Like all Asian manufacturers, the Taiwanese bike saddle manufacturer DDK Group has been overwhelmed by much higher production demand than expected. Not only is DDK’s factory in Changhua, Taiwan, running at full capacity, but the group’s factories in Nantong, China, and in Thủ Dầu Một, Vietnam, are also overloaded. The ...
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News briefsG-Motion e-bike store opening with Storck Bicycle
On July 15, the German Glinicke Automotive Group celebrated the opening of the “G-Motion” e-bike center in Kassel. Markus Storck, founder and CEO of Storck Bicycle, attended the festivities. His brand is the driving force behind the new store. With the cooperation between G-Motion and Storck, the bicycle supplier is ...
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ArticleUSWE expands offering with premium cycling apparel through acquisition of VOID Cycling
On July 16, USWE Sports AB, founded in Skåne, Sweden, in 2007, signed an agreement to acquire VOID Cycling, founded in Gothenburg in 2014, from Tenson BV and Color Group BV. Both USWE and VOID are strong in e-commerce and have each established a global presence. In early 2021, the ...
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News briefsNew U.K. distributor for Sigma Sport
Oxford Products Ltd. has taken over the distribution network rebuild for German cycling components and accessories manufacturer Sigma Sport in the U.K., effective July 1, 2021. The company based in Witney, Oxfordshire, has been active in sales for almost 50 years and has become one of the largest distributors of ...
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News briefsLa Passione successfully closes another funding round
Italian DTC cycling apparel brand La Passione Cycling Couture (La Passione Srl), founded in 2015, has raised €7 million in another round of financing. This cash injection comes partially from existing investors – Milano Investment Partner (MIP), Club Italia Investimenti 2, Club Digitale and Cyclo Club – who have been ...
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News briefsNew CEO at Magura
Effective June 1, Michael Funk has joined the management board of German brake expert Gustav Magenwirth GmbH & Co. KG (Magura Group) as the company’s new CEO. Funk succeeds Olaf Müller, who left the company earlier this year. Ralph Berndt had taken over the duties as CEO of the Magura ...
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News briefsION strengthens marketing team
Sara Bassano (left) and Rebecca Volz Bike, surfwear and accessories company ION, part of Boards & More, has strengthened its marketing department with two new team members, Rebecca Volz and Sara Bassano. Volz has a master’s degree in sports management and worked for six years as a ...
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ArticleCONEBI’s publishes Bicycle Market Report 2021
“The European bicycle industry is booming.” That is the headline the Confederation of the European Bicycle Industry (CONEBI), the umbrella organization for national industry associations, is using to promote its BIMP Edition 2021 (“European Bicycle Industry and Market Profile”), unveiled June 12, with the latest figures for 2020. ...
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ArticleShimano with new factory in Singapore, new machines in Japan
A few weeks ago, Japanese bicycle component manufacturer Shimano Inc. had to close its Malaysian plant, forced by the Malaysian government’s Covid lockdown. The Japanese company now announced that it would invest in a new factory in Singapore and new machinery in Japan. All this is being done with an ...
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News briefsPierer Mobility reports strong two-wheeler sales in the first half of the year
With total sales of 176,045 motorcycles and 53,378 e-bikes and bicycles worldwide, Austrian two-wheeler giant Pierer Mobility AG has closed the first half of 2021 on a strong note. While the motorcycle sales under the KTM, Husqvarna and GasGas brand names almost doubled with an increase of 94.9 percent compared ...
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ArticlePortugal officially inaugurates Europe’s first large-scale carbon frame factory
Led by Portugal’s minister of state for the economy and digital transformation, Pedro Siza Vieira, Carbon Team’s new production facilities were officially inaugurated on July 9 in Camoia, in the Portuguese municipality of Vouzela. Carbon Team is the first European automated carbon bicycle frame factory outside Asia. Hardtail monocoque carbon ...
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News briefsGerman DTC bicycle supplier Rose Bikes pushes expansion in brick-and-mortar retailing
End consumers have been able to test and buy bicycles from German DTC bicycle supplier Rose Bikes at Lengermann & Trieschmann in Osnabrück, Breuninger in Stuttgart, Sport Reischmann in Kempten and the four Globetrotter stores in Cologne, Frankfurt, Wiesbaden and Dresden since April 2021. Rose Bikes models “across all bicycle ...
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News briefsU.S. wholesaler QBP adds Benno Bikes to portfolio
U.S. bicycle wholesaler Quality Bicycle Products (QBP) will be the sole domestic distributor for California-based Benno Bikes’ bicycles, parts and accessories, beginning with the 2022 model year. With home market distribution centers in Minnesota, Pennsylvania, Nevada and Colorado, QBP serves a network of more than 5,000 independent bicycle dealers across ...
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ArticlePortugal Bike Value goes digital
On July 20, the very first digital platform to promote the Portuguese conscious mobility sector will be launched. With this tool, the national bicycle industry association ABIMOTA aims to promote, on behalf of its members, the path taken to internationalize the domestic bicycle production sector. Source: ABIMOTA PBV ...
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News briefsGruppo sets course for the future with new majority shareholder and CEO
U.S. investor Asobi Ventures Inc. has acquired a majority stake in Italy’s Gruppo Srl, the parent company of bicycle manufacturer Cinelli and (bicycle frame) tube producer Columbus. Further details of the transaction were not disclosed. At the same time, Gruppo has appointed Marcello Segato as CEO. Source: Gruppo ...
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ArticleSales in Austrian sports retail strongly divided in 20/21 winter season
Pointing to the strongly diverging business development for Austrian retailers (depending on location and product range focus), the national Association of Sporting Goods Manufacturers and Suppliers (VSSÖ) provided a first summary for the full year 2020 and the winter season Q4, 2020, and Q1, 2021. According to the association, total ...
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News briefsVittoria launches bike tire subscription service
Italian bicycle tire giant Vittoria Group is launching its first B2B tire service, called “Vittoria2Go.” The service allows customers to purchase bicycle tires on a subscription basis and pay monthly. With this unique offering, the Italians are targeting the growing bicycle leasing and rental market. The first customer is Pon ...
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ArticleOpen-air premiere of The Big Gear Show with focus on retail education
After the originally scheduled 2020 premiere of The Big Gear Show (BGS) was postponed due to the pandemic and moved from an indoor venue in Salt Lake City to an outdoor venue in Park City, Utah, the final schedule for the Aug. 3-5 event has now been set. The ...
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News briefsRussia’s bicycle market is still shaken
Russia is still experiencing a shortage of bicycles, while the average price has increased by 10 to 35 percent since the beginning of the year, retailers reported. Russia’s Velograd said the shortage is likely to last throughout 2021, and it will take two to three years for the situation to ...
