All Bike & eBike articles – Page 9
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ArticleLargest SSU shareholder cancels equity commitment
Shortly after deciding to delist from the NYSE, Signa Sports United (SSU) announced that it had received a termination notice regarding the unconditional equity commitment letter from Signa Holding GmbH, a privately held Austrian real estate and retail company and a subsidiary of the company’s largest shareholder, Munich-based Signa International ...
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ArticleQ3 Bicycle Industry Stock Chart: Bike manufacturers had to cut back
Even though the long-term prospects of the bicycle sector are looking promising, it is currently operating in difficult terrain. This is also reflected by The Outdoor Industry Compass’ Q3 analysis of the bicycle industry stock market.
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ArticleVista Outdoor divests Sporting Products business for $1.91bn
Vista Outdoor has agreed to sell its Sporting Products business to Czechoslovak Group a.s. (CSG) for an enterprise value of $1.91 billion. The transaction is subject to customary closing conditions. This transaction is the next step in Vista Outdoor’s plan to split the business into separate entities, previously announced on ...
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ArticleCycling associations welcome EU declaration on cycling
European cycling associations welcome the proposal for the “European Cycling Declaration” presented by EU Transport Commissioner Adina Vălean in Seville this month. The declaration is intended to serve as a “strategic compass for existing and future policies” to “realize the full potential of cycling in the European Union.” The European ...
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News briefsDecathlon Belgium introduces subscription service for kids’ bikes
Decathlon Belgium is launching a new bicycle subscription service for children up to 12 years old. The sporting goods retailer makes available for rent 53 models of bicycles for children of that age that are also sold in its stores. This will allow children to use a bike that grows ...
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ArticleVittoria opens cotton bike tire factory in Bangkok
Italian bicycle tire specialist Vittoria has opened a new factory in Thailand for the production of cotton bicycle tires. This €20 million investment will expand the Vittoria Tyres Thailand (VTT) factory site from 36,000 to 51,000 sqm in the Bangpoo industrial area, near VTT’s current headquarters. The 10,000 sqm facility ...
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ArticleAccell Group appoints new CEO and Supervisory Board Chairman
Source: Accell Group Tjeerd Jegen, new CEO and Chair of the Management Board The Netherlands-based Accell Group, a leading manufacturer of bicycles, bicycle parts and accessories, has appointed Tjeerd Jegen as CEO and Chair of the Management Board, effective Nov. 1, 2023. Jegen succeeds Juan de Ochoa, ...
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News briefsParlee Cycles changes owner
Source: Parlee Composites John Harrison, new owner of Parlee Massachusetts-based company Parlee Cycles has been acquired by avid cyclist and independent investor John Harrison, effective Oct. 1, 2023. The acquisition of the brand and 100 percent of Parlee Cycles’ assets signals the end of their restructuring process ...
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ArticleVista Outdoor unveils name for outdoor products segment
Having already announced the new name of its Sporting Products segment (The Kinetic Group) last August, Vista Outdoor Inc. has now revealed the name and identity of its Outdoor Products segment following the planned separation of the group: Revelyst, Inc. The new Outdoor Products company will trade on the New ...
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News briefsNew management for Brose’s e-bike segment
Source: Brose Daniel Wolde-Giorgis With immediate effect, Dr. Daniel Wolde-Giorgis is taking over the management of Brose Antriebstechnik, the e-bike division of the German automotive supplier Brose. Wolde-Giorgis will continue to drive Brose’s development as a system provider for e-bikes and strategically expand the service offering. Wolde-Giorgis’ ...
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News briefsRECCO teams up with American Institute for Avalanche Research
Recco, known worldwide as a provider of avalanche burial location technology, has partnered with the American Institute for Avalanche Research and Education (AIARE) to support the institute’s Women’s Mentorship Program. The partnership will raise awareness of Recco technology among AIARE instructors and students and show them how to incorporate it ...
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ArticleSSU delists from NYSE, new CEO
After assuming earlier this year that the worst of the market disruptions were over, Signa Sports United N.V. (SSU), the Berlin-based sports e-commerce specialist, has now announced an acceleration of its strategic realignment and performance improvement program. Ahead of putting its Q3 numbers on the table, the company is ...
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News briefsDainese Group appoints Angel Sánchez as its new CEO
Dainese Group, the Italy-based manufacturer of protective equipment and technical gear for motorcycling, mountain biking and winter sports, has appointed Angel Sánchez as the new group’s chief executive, effective Nov. 2. Sànchez will take over from Cristiano Silei, the company’s CEO since 2015, who will transition to non-executive chairman. Sànchez ...
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News briefsLeatt announces new hires focusing on MTB market
South African protective gear maker Leatt Corp. has strengthened its sales and marketing team with two new hires, Bastian Dietz and Dain Zaffke, focusing on the mountain biking (MTB) market. Dietz will serve as International Marketing Manager, MTB, while Zaffke will serve as Vice-President of Sales and Marketing, MTB. Dietz, ...
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News briefsDeuter donates €5,000 to EOCA project
Source: Deuter The Guide 34+8 on the 10th leg of the Deuter Anniversarally As part of Deuter’s 125th anniversary, a limited edition Guide 34+8 backpack set off on a 60-day journey across the countries of Germany, Austria, Italy and Portugal under the title “Deuter Anniversarally,“ which started ...
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News briefsNew Cycle becomes shareholder and partner in Freebike
Oldenburg, Germany-based New Cycle GmbH (formerly Cycle Union) has joined Dutch e-bike provider Freebike B.V., based in Rosmalen, as a minority shareholder. Details of the acquisition, what minority stake New Cycle is now holding in Freebike and what was paid for it were not disclosed. With New Cycle, the Freebike ...
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ArticleR Raymon and Pierer New Mobility part ways
Source: R Raymon Susanne and Felix Puello The first rumors of a separation surfaced when the R Raymon bicycle brand, founded by German bicycle industrialist couple Susanne and Felix Puello, was not featured at this year’s Pierer New Mobility booth at Eurobike in Frankfurt. Now Pierer New ...
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News briefsMavic bolsters OEM offering with business unit manager
Source: Mavic François Joly Targeted investment in the modernization of domestic production facilities at its historic Saint-Trivier sur Moignans production site will enable Mavic, the traditional French bicycle components brand to respond even faster to the changing needs of its customers, the company said. In this context, ...
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ArticleCycling industry veteran joins POC as new CEO
Source: POC Derek Bouchard-Hall, new CEO at POC POC, the Swedish manufacturer of helmets, eyewear, protective equipment and apparel founded in 2005, has appointed Derek Bouchard-Hall as its new CEO, effective immediately. He succeeds Jonas Sjögren, who served as POC’s CEO since early 2017, and will be ...
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News briefsMips launches Virtual Test Lab, reduces environmental impact, lead time and costs
Swedish helmet safety specialist Mips is advancing helmet testing with its Virtual Test Lab (VTL). The innovation uses cutting-edge computer science with the goal of virtually predicting how new helmets will perform in real-world impacts, providing insights faster and more efficiently than physical testing. This method has the potential to ...
