All Bike & eBike articles – Page 77
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News briefsCanyon welcomes new CFO
Source: Canyon Winfried Rapp While current business is humming along with new records, German D2C bicycle supplier Canyon Bicycles has announced a change in its top management. Winfried “Winni” Rapp will assume the position of CFO. At the same time, current CFO Lothar Arnold (brother of Canyon ...
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ArticleSpanish bike sales hit the 1.5m milestone
In 2020, Spain surpassed for the first time in history the milestone of 1.5 million bicycles sold in one year. According to figures by Ambe, the Spanish bike industry association, released in collaboration with Cofidis, a French telecredit company that is the main sponsor of a road cycling team of ...
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News briefsFox Racing with new financing partner
On May 18, investor Wingspire Capital provided a US$95 million senior secured credit facility consisting of a US$35 million revolving credit line and a US$60 million term loan to Fox Racing Inc. The U.S. company said it’s using the loan proceeds not only to refinance its prior senior credit facility ...
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News briefsOrbea strategically expands European sales organization
Source: Orbea Julien Remazeilles Spanish bike manufacturer Orbea has promoted Julien Remazeilles to sales manager for the European market. Officially effective June 1, the experienced Orbea employee will be responsible for Spain, France, Germany, Italy, Portugal, Benelux, Austria, Denmark, Ireland and Switzerland. In this newly created position, ...
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News briefsSuccessful market launch of Schöffel's new bike collection
Schöffel reports that the bike collection, which has been newly available since this spring, has met with an immediate and enthusiastic response from customers and retailers. In fact, demand was so good that individual products from the collection sold out after only a short time. The family-owned German company had ...
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News briefsLivall’s award-winning new helmet surpasses funding target on Indiegogo
Source: Livall Since debuting on crowdfunding platform Indiegogo on May 13, Livall’s new EVO21 Smart Helmet has attracted 1,615 backers and funding of more than $207,124. The company plans to start shipping the new helmet globally in June. The EVO21, the winner of an IF 2021 Gold ...
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News briefsMair acquires partner brand Bike Machinery
Robotic industrial machinery supplier Mair Srl and Bike Machinery Srl, known in the bicycle industry for its expertise in tubing processing, are taking their partnership in bicycle production machinery and service (including maintenance) to the next level. Mair will gradually take over the Bike Machinery brand until the end of ...
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News briefs
Alé and Union Européenne de Cyclisme extend their partnership
Alé and Union Européenne de Cyclisme (UEC), one of the five confederations of the Union Cycliste Internationale (UCI), have renewed their partnership until 2024. The UEC is the organizer of the European Cycling Championships in different disciplines: road cycling, mountain bike, BMX, track, cyclo-cross and indoor cycling. As a UEC ...
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ArticleFrench investor takes over Swiss e-bike pioneer Stromer
European private equity firm Naxicap Partners has reached an agreement to acquire Swiss premium e-bike pioneer Stromer (bikes up to 45 km/h). Details of the transaction were not disclosed. However, it is still subject to approval by the responsible regulatory authorities. Source: MyStromer AG Stromer’s brand-new premium model ...
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ArticleU.S. bike industry veteran to head Hero International in London
After Indian two-wheeler giant Hero MotoCorp Ltd. (also known as Hero Motor Company or HMC) announced in March the formation of Hero International (HIT) as its new international headquarters in Europe, U.S. industry veteran Jeff Weiss has now been hired as CEO of the new London-based company. Once founded as ...
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News briefsNew distribution partner for Corratec in Benelux
Effective immediately, the southern German bicycle brand Corratec is distributing its products in the Benelux countries through Wiki Sports. In addition to Corratec, the Genk, Belgium-based company distributes other premium brands such as BCargo, Cipollini, Fantic, M1-Sporttechnik, Rotwild, Veeley, Veloe and others. Previously, Corratec was sold through Dutch RS Bicycles ...
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News briefsFood industry group Heristo acquires Möve Bikes
Germany’s Heristo Holding, a family-owned food industry group, is acquiring bicycle manufacturer Möve Bikes, which went bankrupt on Feb. 5. Together they want to ensure that one of the oldest German bicycle brands with innovative technologies enjoys a secure future. Heristo’s commitment also ensures that jobs at the Möve site ...
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ArticleWise Equity acquires one-third stake in Selle Royal Group
In late 2019, Italian bicycle accessories and parts manufacturer Selle Royal S.p.A. (a.k.a. Selle Royal Group with brands Brooks, Crankbrothers, Fizik, Pedaled, Selle Royal) had officially announced its search for a financial partner to accelerate its growth trajectory. On May 14, Milan-based venture capital and private equity fund company Wise ...
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News briefsMerida’s sales shift into double-digit range
When it comes to business figures, Taiwan’s second-largest bicycle manufacturer Merida Industry Co., Ltd. (aka Merida Bikes) is always a little reserved. Looking ahead to Q1 of fiscal 2021 and beyond, the manufacturer has released sales figures in value terms, although it has not provided any details on unit sales, ...
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News briefs
Women’s Tour de France to return in 2022
Christian Prudhomme, the Tour de France director, has confirmed in an interview with the Guardian that there will be a women’s race in 2022 and that it will be held closely after the three-week men’s Tour. Further details on the race will be presented in October, which is also the ...
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ArticleLeatt’s chase for records continues
South African head-to-toe protective equipment supplier Leatt Corporation continues to chase records. Its just-released first quarterly report of 2021 shows record sales of $12.90 million. Compared to the first three months of the previous year, this is an increase of 71 percent. Operating income was even up 459.6 percent at ...
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News briefsDakine with MTB shoe debut, expands MTB apparel lineup
Dakine, founded in 1979 in Hawaii and focusing on the surf, windsurf, kiteboard, snowboard, ski, skateboard, mountain bike and travel segments, has expanded its mountain biking range to include footwear and new tech wear for spring 2021. Dakine has been active in mountain biking for more than 20 years. The ...
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ArticleOberalp Group will present new collections and behavioral study at Virtual Convention on May 18
Vienna-based international behavioral research institute Karmasin Behavioural Insights conducted a wide-ranging study for the Oberalp Group in Germany, Austria and Switzerland to examine the rising outdoor trend in the wake of the Covid-19 pandemic. The institute surveyed a total of nearly 900 participants on the topic of “My first experience ...
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ArticleConstruction starts on new Kettler Alu-Rad e-bike factory in Germany
Kettler Alu-Rad, a member of Europe’s leading bicycle purchasing cooperative Zweirad-Einkaufs-Genossenschaft (ZEG), is beginning with the construction of a new production facility in the German state of Saarland. As early as the first quarter of 2022, the first e-bikes are expected to roll off the production line from one of ...
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ArticleVista Outdoor Q4 sales rise 40%
Vista Outdoor reported sales of $597 million in the fourth quarter ended March 31. That is up 40 percent year-over-year and well above the guidance of $510 million to $530 million given at the time of the third-quarter results. Sales growth was attributed to strong demand across both Vista’s shooting ...
