Bike & eBike – Page 41
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News briefsSantini replaces Benelux distributor
On July 5, Italian premium bikewear supplier Santini S.p.a. (Santini Cycling Wear) officially parted ways with its Benelux distributor RA-Company BVBA and appointed the Belgian sales agency ARW NV as its new partner for the three countries instead. “Santini has been transformed deeply in the last years, and we feel ...
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ArticleQ2 Bicycle Industry Stock Chart: Long-term outlook forecasts full recovery
In the current economic environment, the stock market – regardless of the sector – continues to be on a rollercoaster ride. This also applies to the bicycle stocks monitored by The Outdoor Industry Compass.
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News briefsMaap to open in Amsterdam first LaB concept store outside of Australia
Maap, a Melbourne-based cycling apparel brand, plans to open a Maap LaB concept store in Amsterdam later this year. It will be its first LaB concept store outside of Australia. “LaB” stands for “Life Around Bikes,” an inclusive concept that is “at the intersection of contemporary creative culture and cycling,” ...
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News briefsItalian bicycle maker Pinarello sold
Investment firm L Catterton has announced that it has sold Pinarello to “a private family office.” The terms of the transaction have not been unveiled, but according to the Italian newspaper Gazzetta dello Sport, it was a €200 million deal. L Catterton bought a majority stake in Pinarello in 2016. ...
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ArticleSSU is hoping the worst market disruptions are over
Signa Sports United (SSU), while bracing for less-than-stellar FY23 results impacted by macroeconomic headwinds and high industry inventory levels, is taking steps to generate €100 million in Ebitda savings by FY25 and less operational complexity in FY24 that will return it to profitable, long-term growth. Meanwhile, the Germany-based e-commerce company, ...
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ArticleSecond Eurobike in Frankfurt meets expectations
The second Eurobike since its move from Friedrichshafen to Frankfurt boasted a top mark of more than 1,900 exhibiting companies, plus 34,750 trade visitors and 31,840 consumers over the weekend (2022: 33,780 Business Days and 27,370 Festival Days). Not least because of these figures, the 31st edition of the show ...
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News briefsSemapa acquires bicycle aluminum frame builder Triangle’s
Portuguese aluminum frame builder Triangle’s Cycling Equipments has been acquired by domestic conglomerate Sociedade de Investimento e Gestão (Semapa). The full acquisition was made by Aphelion, a wholly-owned subsidiary of the publicly traded conglomerate. Semapa has so far made a name for itself mainly with holdings in the cement, pulp ...
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ArticleRebike Mobility with strong growth in the 1st half of 2023
The bicycle and e-bike market is facing a fundamental change. The ongoing professionalization of the used market, availability of young used bikes from the popular service bike leasing contracts as well as the longevity of premium e-bikes are positively boosting the second-hand market and promoting circular business models. This is ...
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News briefsWinners of the Eurobike Awards 2023
This year’s Eurobike Awards 2023 honored 45 products and projects in nine categories. The highest award, “Gold,” was presented nine times. The focus was particularly on innovations designed to make cycling easier and safer. A large number of significant improvements to existing components testify to the existing desire among consumers ...
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ArticleStart of Eurobike 2023: Global bicycle industry remains optimistic
After moving from one high to the next during and right after the pandemic, the bicycle industry recently returned to a more normal pace. But at the opening of Eurobike 2023, the bicycle industry – represented by international experts at the official business press conference – is highly optimistic in ...
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ArticleFattinger to lead Woom alone, Ihlenfeld to head US team
Source: Woom Paul Fattinger Following the appointment of former CEO of Adidas, Kasper Rørsted, as Chairman of the Woom advisory board and the creation of a new innovation department, there is now a change in personnel at the top of the Austrian children’s and youth bicycle manufacturer. ...
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ArticleUS Outdoor Participation Trends Report released, Vista Outdoor feeling bullish
Vista Outdoor, parent company of 41 brands , including outdoor and bike suppliers Camelbak, Camp Chef, Giro, Bell and Fox Racing, is celebrating the results of the Outdoor Industry Association’s (OIA) 2023 Outdoor Participation Trends Report. The 72-page report, released to all OIA members, shows that the number of outdoor ...
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News briefsHövding and BBDO Nordics launch new creative concept
Hövding was previously best known for protecting cyclists from injuries in crashes with their neck/head airbag. Now, the Swedish company is teaming up with creative agency BBDO Nordics to pursue a new “protection” concept called Protecting Genius. It focuses on the importance of “protecting genius and creativity and celebrates those ...
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News briefsPinarello could reportedly be sold to Ivan Glasenberg
Italian bike company Cicli Pinarello could soon be sold to Ivan Glasenberg, according to Italian newspaper Il Messaggero and other press sources. The 66-year-old South African billionaire, who holds a 10 percent stake in international mining company Glencore, is reportedly close to finalizing a deal to take a majority stake ...
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News briefsStorck goes China
A distribution partnership between German premium bike supplier Storck Bicycle GmbH and China’s Golden Wheel Group (also known as Tianjin Golden Wheel Bicycle Group) was officially signed at this year’s China Cycle Show (May 5-8) in Shanghai. A key aspect of the cooperation is the distribution of Storck’s racing and ...
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ArticleVDL Groep starts aluminum frame production in the Netherlands
In addition to mobility company Pon Holdings B.V., which is already well established in the bicycle market with its Pon.Bike division, a second family-owned Dutch industrial group is now preparing to focus specifically on bicycles. On June 5, Eindhoven-based VDL Groep, which has close ties to the automotive industry, announced ...
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ArticleEurobike Investors Lounge enters second round
Last year’s relocation of the Eurobike show from Friedrichshafen to the financial metropolis of Frankfurt am Main was also used by trade show organizer Fairnamic GmbH as an opportunity to arouse the interest of financial investors for the bicycle, sports and mobility industries. After all, the topic of sustainability has ...
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News briefsWoom appoints former Adidas CEO to advisory board
Source: Woom GmbH/Felix Vratny Kasper Rørsted Kasper Rørsted, former CEO of Adidas, has joined Woom as Chairman of the Advisory Board. In the tenth year of its existence, the children’s and youth bicycle manufacturer is thus bringing a top international manager onto the team. The goals are ...
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ArticleOutDoor by ISPO provided community and inspiration again in 2023
Three days, over 650 exhibitors and satisfying visitor numbers. OutDoor by ISPO 2023 is over and has been hailed as a success. Now in its second year at the MOC Event and Order Center, the mood was once again that of a community coming together, whether that be for business ...
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ArticleSport 2000 increases outdoor market volume
Sport 2000 once again increased its outdoor sales to a new peak of almost €1 billion in 2022. Outdoor accounted for 29 percent of total sales last year. Outdoor external sales for the first five months of 2023 were at €381 million and, with an increase of 1.5 percent, slightly ...
