All Bike & eBike articles – Page 84
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ArticleGarmin’s outdoor and fitness sales surge
Robust demand for advanced wearables and cycling products helped Garmin post record results for the fourth quarter of 2020. The company headquartered in Schaffhausen, Switzerland, with operational headquarters in Olathe, Kansas, which also makes equipment for the aviation and automotive industries, reported that its total sales rose by 23 percent ...
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News briefsPOC launches first bike helmet with independent, self-powered light source
More than a year after Swedish companies POC and Exeger unveiled a technology and idea to develop, design and manufacture a helmet with self-powered lighting at the Rouleur Classic in London, POC has now unveiled the Omne Eternal bicycle helmet. Designed to increase cyclist safety on the road, the Omne ...
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News briefs
Decathlon plans to produce bicycles in Romania
The cycling boom has prompted Decathlon, a major player in the segment with its private-label lines, to increase its production capacity in Europe. While expanding production in France and Portugal, the company is working with a partner in Romania, Sport Mechanical Workshop, to build a new factory near Timisoara. With ...
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News briefsTravel and leisure show f.re.e 2021 canceled
Source: Messe München Despite fully booked halls, loyal exhibitors and partners, and interested visitors, Messe München has canceled f.re.e 2021, its travel and leisure show that had already been postponed from its original date in February to April 21-25, due to the ongoing Covid-19 pandemic. The uncertainties ...
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ArticleGroup of investors takes over insolvent Sachsenring Bike Manufaktur
On Feb. 12, the responsible insolvency administrator, Dr. Philipp Hackländer of law firm White & Case Partner, sold Sachsenring Bike Manufaktur GmbH to an unnamed group of investors. The new company founded by the group, Zweirad Union E-Mobility GmbH & Produktion Co. KG, based in Sangerhausen, has taken over 75 ...
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News briefs
Bianchi’s newly established French division focuses on direct sales
Source: Bianchi Christophe Soenen Italian bike manufacturer Bianchi has established a presence in France on Feb. 1 with the newly founded Bianchi-France division, which will focus on direct sales. Christophe Soenen was appointed director of the new division. After a successful career as managing director of importer ...
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News briefs
Dorel Group terminates going-private transaction
Canadian Dorel Industries has terminated the going-private agreement between itself and an affiliate of funds managed by Cerberus Capital Management as buyer by mutual consent. As a result, the planned going-private transaction is a thing of the past. The agreement provided that the above-mentioned buyer would pay Dorel shareholders a ...
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ArticleDelivery problems take their toll on multichannel supplier Rose Bikes
After an extremely successful 2020 fiscal year with a 34 percent increase in sales, the Corona pandemic’s economic effects are now hitting German B2C bicycle supplier and retailer Rose Bikes. The Bocholt-based company speaks of a “lack of delivery reliability on the part of Asian component manufacturers. This has direct ...
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News briefs
OS Maps launches in Australia, prior to expanding to more countries
Ordnance Survey (OS), the national mapping agency for Great Britain, has launched its walking and cycling app, OS Maps, in Australia. It is the first nation outside of Britain to have full access to this service, helping people create their own adventures in the outdoors. OS Maps is designed for ...
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News briefsCraft is title sponsor of the Gravel Rally Black Forest
Swedish functional clothing specialist Craft is the new title sponsor of the Gravel Rally Black Forest, which has been organized since 2018 by Hirsch-Sprung, a travel company based in the Black Forest with a focus on bike tours, for the 2021 season. The 2021 gravel event will take place July ...
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News briefsSecond family generation joins the management of Stevens
With Kim, Julian and Jacob von Hacht, the children of the company’s founders Werner and Wolfgang von Hacht, the second generation of the owner-managed family business Stevens Vertriebs GmbH is joining the management of the Hamburg-based bicycle equipment manufacturer. Fred Schierenbeck is leaving as Stevens’ co-managing director on July 1 ...
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News briefsNew agenda, new board member at ZEG
Source: ZEG Fred Schierenbeck In order to continue offering customers high-quality, state-of-the-art products in the future, the supervisory board and management board of Europe’s largest bicycle dealer group and cooperative, ZEG (Zweirad-Einkaufs-Genossenschaft eG), have launched a holistic, long-term corporate strategy. An important part of this “Agenda 2030” ...
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News briefsShimano reduces water use and pledges plastic reduction
In its latest “ESG Sheet,” the company’s annual report on environmental, social and corporate governance initiatives, Shimano said it would reduce water consumption in its factories by about 7 percent by 2020, continuing a trend that began at least four years ago. The Japanese company that develops, produces and globally ...
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ArticleMips: Bicycle boom boosts bike helmet sales
For Sweden’s Mips AB and its Brain Protection System helmet technology (BPS), the 2020 fiscal year ended with a historic fourth record quarter. The quarterly and annual growth was driven primarily by the sports helmet category and bicycle helmets in particular. After a challenging spring with extensive store closures in ...
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News briefs
Rossignol finds new buyer for part of Time's assets
Rossignol has sold many of the bike frame manufacturing assets of Time Sport International to Cardinal Cycling Group of Little Rock, Arkansas. Rossignol had originally planned to make the sale to WhaTTfornow, but the French e-bike start-up pulled out of the deal for lack of funds. Cardinal has entrusted the ...
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News briefs
Fox Factory welcomes new board member
U.S. shock absorber and suspension manufacturer Fox Factory Holding Corp. has appointed Sidney Johnson to its board of directors, effective Jan. 1. Johnson brings more than 25 years of operational excellence and global supply chain experience in the technology, global mobility and automotive manufacturing industries to the company, which aims ...
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News briefsPierer and Kiska set up development center for Husqvarna E-Bicycles
Europe’s leading motorcycle manufacturer Pierer Mobility, together with its young and wholly-owned e-bike division Pierer E-Bikes (brands Husqvarna E-Bicycles, GasGas and R Raymon) and Pierer Mobility’s long-time strategic brand development and design partner from Austria, Kiska, is establishing its own development & design center in Munich for its Husqvarna e-Bicycles ...
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ArticleRobust sales and earnings for Thule
Swedish Thule Group saw its sales soar by 32.6 percent from the year-ago quarter to 1,605 million Swedish kronor (€159.3m-$193.2m) or 44.6 percent in constant currencies. Net income jumped to SEK 164 million (€16.3m-$19.7m), from SEK 30 million for the fourth quarter of 2019. The gross margin expanded by 1.8 ...
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News briefs
Bafang relies on internal solution for Brandsen successor
Chinese e-bike drivetrain manufacturer Bafang Electric (Suzhou) Co., Ltd. has promoted Gary Xu to succeed Jack Brandsen, who is reportedly leaving the company March 31. As European regional manager of Bafang Electric Motor Science-Technology B.V. in the Netherlands, Xu – who previously held management responsibilities at Bafang’s European factory in ...
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ArticleShimano reports a good year
Despite restrictions across the world in response to Covid-19, interest in bicycles and fishing boosted demand for Shimano’s products. The Japanese company’s sales in 2020 were up by 4.1 percent from 2019 to 378,040 million yen (€2.98bn-$3.61bn), while net income increased by 22.5 percent to ¥63,472 million (€501.2m-$606.5m). The gross ...
