All Bike & eBike articles – Page 82
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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 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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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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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 ...
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ArticleFox Factory Q1 sales shine with surge in bicycle product sales
Suspension specialist Fox Factory continues to soar. The company posted record sales for the third consecutive quarter. Q1 2021 sales increased 52.5 percent to $281.14 million (€231.16m). This amount is split between Fox’s Powered Vehicle Group (PVG) Q1 revenue of $162.75m (€134.01m, +35 percent) and Fox’s Specialty Sports Group (SSG, ...
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ArticleBicycle boom pushes Q1 sales at Dorel
Dorel Industries said revenues at its sports segment increased for the eighth consecutive quarter in the three months ended March 31, rising by 43.6 percent in reported U.S. dollars to $270 million, and by 41.5 percent in local currencies, driven by the growing global demand for bikes. The second quarter ...
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News briefs
SRAM rewards shareholders after strong year
SRAM, the private maker of bicycle components, plans to issue a $1.1 billion term loan to finance a special distribution of $750 million to its shareholders, after a banner year in which its sales jumped to $974 million, thanks to the recent bike boom. The rest of the proceeds will ...
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News briefs
Oakley introduces Kato sport performance sunglasses
Oakley is launching the new Kato series, a range of frameless performance sunglasses designed to deliver an expanded field of vision, enhanced impact protection and a customized fit. Kato eyewear was first spotted at La Vuelta in Spain in autumn 2020, worn by Oakley-sponsored athletes Chris Froome and Sam Bennett, ...
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News briefsDerby Cycle becomes Kalkhoff
The German bicycle manufacturer Derby Cycle, part of the Dutch Pon Bike Group (PBG; with brands Cervélo, Focus, Faraday, Juliana, Kalkhoff, Santa Cruz and others), will operate under the Kalkhoff brand name in the future. In addition, the historic Kalkhoff site in Cloppenburg will be completely remodeled. A new plant ...
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News briefs
Scarpa renews its support to the Giro d’Italia, with an eye on sustainability
Scarpa will be an official supplier of the Giro d’Italia for the second consecutive year. The 2021 edition of the iconic bicycle race, organized for the first time in 1909, will start on Saturday, May 8 in Turin. Scarpa will provide the event’s staff with a limited edition of its ...
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ArticleBicycle boom gives Austrian specialist retail some record boosts
The record result brought in by the Austrian market in 2020 is not only due to the Covid-19 pandemic. The trend toward bicycles, especially e-bikes, began several years earlier. Today, bicycles are the strongest sales drivers in the Austrian sporting goods market, alongside the ski and outdoor segments. It should ...
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News briefsRose Bikes sets course for the future with new production hall
German DTC bicycle supplier Rose Bikes is opening a new production hall in its hometown of Bocholt. This represents not only expanded production capacity but also reorganized logistics and additional regional employment. According to the family-owned company, there is room for an additional 120 jobs here. Currently, Rose Bikes employs ...
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News briefsBicycle tire manufacturers Vittoria Group and A. Dugast join forces
Dutch bicycle tire manufacturer A. Dugast, best known for its handmade cotton and silk tires for cyclocross, track and road racing, has been fully acquired by Italian bicycle tire giant Vittoria Group. As a result of the deal, A. Dugast’s CEO Richard Nieuwhuis has received an undisclosed minority stake in ...
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News briefsStart of the 16th Eurobike Award
The Eurobike has launched the registration for the 16th Eurobike Award. Companies, designers and developers from the international bicycle and mobility industry now have until July 8 to enter their new products. Early bookers until July 13 will receive a discount. The winners are traditionally announced on the first evening ...
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News briefsNew Fulcrum distributor in Belgium and Luxembourg
Fulcrum Wheels, an independent wheel company that belongs to the Italian bicycle component supplier Campagnolo Group, has a new distributor in Belgium and Luxembourg. Previously, the German wholesaler and importer Hermann Hartje was responsible for the brand in those countries, but the partnership has now been dissolved and in April, ...
