All Bike & eBike articles – Page 76
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News briefsChanges in Canyon Bicycles’ communications team
After four and a half years as global communications manager at Canyon Bicycles GmbH, Thorsten Lewandowski will officially leave the German D2C provider at the end of June, but is currently already on residual leave. Lewandowski will, however, remain with the industry. We expect more information in July. Prior to ...
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ArticleU.S. debut of German-Austrian Nox Cycles
German-Austrian e-bike manufacturer Nox Cycles Austria GmbH, which once emerged from Berlin-based Hawk Bike Sales GmbH, is expanding not only from the DACH region into other EU countries but also toward the Americas. While it has already gained a foothold in South America two years ago through an importer in ...
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News briefs7mesh grows distribution network
Founded by former managers of Canadian outdoor company Arc’teryx, technical bikewear supplier 7mesh Industries Inc. (aka 7mesh Apparel) is not only experiencing strong sales growth but is also expanding internationally with new agencies. In Europe, for example, the Canadians were able to sign up Lyon Equipment Ltd. and Ski a ...
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News briefsDorel Industries closes new $450 million credit facility
Earlier this year – and after lively discussions between Dorel Industries Inc. and its shareholders – the Canadian conglomerate pulled out of the announced going-private transaction. With shareholders clearly expressing confidence in Dorel’s future and the greater potential for Dorel as a public company, the Canadians now announced that “it ...
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ArticlePrivate equity firm invests in German bicycle retailer LJB
The private equity firm Borromin Capital has invested in the German bicycle retail chain Little John Bikes GmbH (LJB) to drive the retailer’s national growth and to support the company’s further structural and strategic development in the areas of regional presence expansion, corporate acquisitions and the expansion of existing and ...
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ArticleSigna Sports United buys bike e-tailer Wiggle - and plans to go public
Through a merger with Yucaipa Acquisition Corporation, a U.S. special purpose acquisition company, the previously indicated IPO (see SGI Europe) of Berlin-based Signa Sports United (SSU), led by Austrian investor Rene Benko, will now proceed faster than anticipated. According to a projected valuation, the combined company is expected to reach ...
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News briefs
Accell Group’s CSCO to leave the company
At its 2015 annual general meeting, Europe’s leading premium bicycle supplier Accell Group N.V. announced that the newly created position of chief supply chain officer (CSCO) would be filled by industry newcomer Jeroen Both, who would also join the management board as its fourth member. Now, the group’s supervisory board ...
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News briefsHartje hires export sales manager for international market expansion
Source: HARTJE Coen Bosch Hermann Hartje KG welcomes bicycle industry veteran Coen Bosch as a new executive to its ranks. Since May 1, he has been responsible for the export business of the northern German bicycle wholesaler, importer and supplier in the area of bicycles/bicycle parts. As ...
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News briefsNew Austrian distributor for Protective
Andreas Etzelstorfer German bike wear label Protective has appointed Traunstein Sportbekleidung GmbH of Kirchham as its new distributor for Austria. Karl Attwenger, managing director of Traunstein Sport, and sales manager Andreas Etzelstorfer succeed Siggi Morgenbesser. Traunstein Sportbekleidung operates two showrooms at its headquarters in Kirchham and at ...
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ArticleLive video shopping: Isbjörn pilots with Streamify, Go Instore sees popularity despite end of lockdown
Even as more and more countries are reopening brick-and-mortar retail, store technology service provider Go Instore sees strong interest in its platform that enables virtual visits to retail stores since pandemic restrictions imposed temporary store closures across Europe. The London-based IT company recorded 2.4 million unique visitors to its offering ...
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News briefsCypad Group with new CEO
In early April, investor PM&Partners SGR S.P.A. and its PM&Partners III Fund became majority shareholders of Cytech S.r.l. (aka Cypad Group). The Italian investor announced at the time that it wanted to strengthen the existing management team around the well-established Cytech founding duo, Marino De Marchi and Stefano Coccia (now ...
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News briefsPexco with name change and new organizational structure
Now that Austria-based Pierer E-Bikes GmbH (GasGas Bicycles, Husqvarna E-Bicycles and R Raymon brands) and Germany-based Pexco GmbH have grown together into a successful organization after nearly a year and a half under the umbrella of Austrian two-wheeler giant Pierer Mobility AG (KTM Sportmotorcycle, Husqvarna Motorcycles and GasGas Moto motorcycle ...
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News briefs
Livall’s EVO21 crowdfunding campaign has surpassed $300,000
Livall has announced that the campaign for the official launch of its EVO21 smart helmet on Indiegogo has now raised over $300,000 thanks to more than 2,100 backers. As previously reported, the campaign debuted on Indiegogo on May 13, and Livall plans to start shipping the new helmet globally this ...
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News briefsAbus Group acquires Italian helmet manufacturer
German preventive safety expert August Bremicker Söhne KG (aka Abus Group) has agreed to acquire Italian helmet manufacturer Maxi Studio. The plan is to fully integrate the manufacturer into the group of companies. No details were given about the sales price. Source: ABUS Made by Maxi Studio: Movistar ...
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ArticleBike and sports e-commerce retailer Bike24 plans to go public in 2021
In September 2019, private equity firm The Riverside Company bought back German e-commerce retailer for cycling, outdoor, fitness and swimming products, Bike24 GmbH, from British cycling e-commerce giant Wiggle CRC. Riverside had sold the continental European cycling online platform to the British industry giant in 2017. However, that deal had ...
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News briefs
New British Cycling Show in June 2022
Raccoon Events, the U.K.-based company behind events such as the National Running Show, National Snow Show or National Outdoor Expo, announced today that it is adding another consumer event to its portfolio: The National Cycling Show, scheduled for June 18-19, 2022, at the NEC in Birmingham. The ...
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News briefs
UCI announces Sustainability Guidelines and Sustainability Targets
The Union Cycliste Internationale (UCI) has announced the approval of two key elements of its sustainability strategy: Sustainability Guidelines and Sustainability Targets. The Sustainability Guidelines document sets out recommendations for all cycling stakeholders with practical advice, case studies and detailed checklists enabling sporting organizations worldwide to integrate sustainable practices ...
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News briefsSchöffel launches first fully digital sell-in tool for summer 2022
Following a major digitalization effort, Schöffel Sportbekleidung is using a new digital Schöffel Brand Space for its sell-in. The sales tool offers information, training and ordering options as well as assets for everyday business after the pandemic. In the three-dimensional digital space, Schöffel retail partners can explore the brand and ...
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ArticleIPO of the bicycle certificate based on first and newly created bicycle stock index
For the first time, investors can now invest in a specific certificate on what the company describes as “the world’s first bicycle index.” The planned date for the IPO on the Frankfurt Certificates Exchange is June 21. 10 percent of the annual fee of 1.3 percent of this so-called “donation ...
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News briefsDutch venture capital fund invests in Bikemap
For further growth in the areas of product development and scaling of its team, Austria-based Bikemap GmbH, with its worldwide bike route collection app Bikemap (www.bikemap.net), has raised fresh capital. This time, Dutch €140 million venture capital fund Ponooc stepped in with an undisclosed seven-figure sum. Ponooc focuses its investments ...
