All Bike & eBike articles – Page 89
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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 ...
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News briefsNew President Americas at Thule Group
Hilary Hartley has been named Thule Group’s Americas business area president and will join the global corporate leadership team, reporting to CEO and president Magnus Welander in Sweden. Fred Clark, who currently holds the role of Americas region president and announced his decision to retire last fall, will remain with ...
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News briefs
Burley hires market specialist to expand European market
Burley, an Oregon-based specialist in bicycle accessories and child transportation solutions founded in 1978, is strengthening its sales and marketing team with the addition of Frank Schreiner. Schreiner is a veteran bicycle industry consultant with more than two decades of experience growing brands in Europe. Between 2010 and 2013, he ...
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ArticleBike Exchange: IPO on Australian Stock Exchange
Source: Bike Exchange The Australian company behind Bike Exchange, Rpro Holdings Limited, went public with its “world’s leading digital bike marketplace.” Since Feb. 9, the marketplace has been listed on the Australian Securities Exchange (ASX) in Sydney under the name Bike Exchange Limited. The share code is ...
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News briefs
Bafang Europe’s GM to leave the company
After six years as general manager of Chinese e-bike drivetrain giant Bafang in Europe, Jack Brandsen will leave the Wijchen, Netherlands-based company on March 31. Brandsen joined Bafang Electric Motor Science-Technology B.V. in 2014, where over time he built a strong team of service, sales and administrative specialists. Both the ...
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Article2020 another record year for Pierer Mobility
According to first preliminary figures, Austrian two-wheel giant Pierer Mobility AG closed the 2020 fiscal year with its tenth record in a row. The group sold a total of 326,471 motorcycles and e-bikes. With this number, the stock-listed company generated total sales of €1.53 billion in 2020. However, this is ...
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News briefsRiese & Müller is growing consistently
The German premium e-bike supplier Riese & Müller (R&M) is adding a new administration and production building to its ”green” state-of-the-art campus in Mühltal near Darmstadt. Construction work on the new structure will begin in May and is scheduled for completion in July 2022. Following the commissioning of a new ...
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News briefs
UYN supports Omar Di Felice in the Himalayas
UYN (Unleash Your Nature) has announced a new partnership with Omar Di Felice, the two-time Italian ultra cycling champion (races >300km) and adventure traveler. In addition to becoming a brand ambassador, Di Felice will collaborate with the company’s R&D lab to test UYN products in extreme situations. The 39-year-old athlete ...
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News briefsU.S. e-bike supplier Rad Power Bikes receives further cash injection
Rad Power Bikes, which claims to be the largest e-bike provider in North America, has received another $150 million investment. The D2C e-bike brand, founded in 2007, received the amount from an investor conglomerate that includes Counterpoint Global (Morgan Stanley), Fidelity Management & Research Company, The Rise Fund, a global ...
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News briefsRuff Cycles expands management team
After steady growth in recent years, German Ruff Cycles founder and CEO, Petar “Pero“ Desnica, has promoted his old school friend and head of marketing, Tuong “Mark“ Ngauv, to the management board. Both will now steer the manufacture, which has attracted attention with eye-catching choppers and cruisers (including electrified ones), ...
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ArticleVista Outdoor’s momentum continues
Vista Outdoor reported another record set of results for the third quarter, after a better-than-expected second quarter, led by ammunition sales and revenues from the recently-acquired Remington business. The U.S.-based manufacturer of ammunition and outdoor sports products said that sales surged by 35 percent in the three months ended Dec. ...
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ArticleMyStromer opens EU service center in the Netherlands
On Feb. 1, Swiss s-pedelec pioneer MyStromer opened a new EU service center in Treurenburg, the Netherlands. Kobe Broos, former market manager, Stromer Benelux, was appointed managing director of the new subsidiary Stromer Europe B.V. In a first step, accessories and spare parts for EU customers will be delivered directly ...
