Bike & eBike – Page 13
-
Article
Thule’s gross margin climbs despite sales and profit decline
Despite experiencing lower profitability and sales in Q2, Thule Group generated a record quarterly gross margin and a 47 percent increase in cash flow from operations as the Swedish company continued to prepare for new product introductions over the next 18 months.
-
Article
Bike24 lowers FY forecast after gloomy prelim Q2 results
Looking at publicly traded e-commerce bike retailer Bike24 Holding AG’s preliminary dismal second-quarter results, it’s clear why the Dresden-based company also sent out a separate announcement to “adjust the forecast for the financial year downwards.” This move in itself demonstrates the gravity of the current situation. According to preliminary calculations, ...
-
Article
A glimpse into a neighboring industry
Stephan Brutscher from Sunlight explains why collaborations between camper manufacturers and outdoor brands are the perfect match.
-
News briefs
SSU appoints former Accell Group CEO to its board
German, U.S.-listed cycling, outdoor and team sports e-commerce retailer Signa Sports United N.V. (SSU) has announced the appointment of former Accell Group CEO Anthonie “Ton” Anbeek to its board of directors. The appointment is effective April 1, 2024. Source: Accell Group Ton Anbeek With Anbeek, SSU said ...
-
News briefs
VanMoof is insolvent
After granting VanMoof a temporary suspension of payments on July 13, Dutch insolvency file website FaillissementsDossier now reports that the Amsterdam District Court on July 17 lifted that very suspension via creditor protection proceedings for the Dutch DTC provider of e-commuter bicycles. As a consequence, the companies VanMoof Global Holding ...
-
Article
Greenstorm Mobility faces termination of operations
On July 12, the Austrian e-mobility concept pioneer Greenstorm Mobility GmbH filed for insolvency. The Innsbruck regional court now has jurisdiction over the Kufstein-based company. Attorney Philip Paumgarten of the law firm Rechtsanwälte Waldbauer, Paumgarten, Naschberger und Partner was appointed as insolvency administrator. A once award-winning concept seems no longer ...
-
News briefs
Thule Group brings in new CFO from Renewcell
Source: Thule Group Toby Lawton Toby Lawton has been appointed chief financial officer and member of the Group Management of Thule Group, based at the group’s headquarters in Malmö, Sweden. He succeeds Jonas Lindqvist, who announced his departure in May. Lindqvist had been the CFO of the ...
-
Article
Creditor protection filing: VanMoof is granted payment suspension
On July 13, Dutch Bankruptcy File (FaillissementsDossier) reported that the responsible district court in Amsterdam has officially granted VanMoof Global Holding B.V. a temporary suspension of payments. The Dutch DTC provider of e-commuter bicycles, reportedly struggling with financial constraints for some time, had filed a corresponding petition on July 12. ...
-
Article
Rad Power Bikes withdraws from the European market
On July 10, Rad Power Bikes Inc. announced on its European website that it would withdraw completely from Europe and focus entirely on North America in the future: “We are sad to say goodbye.” This is a radical shift in course for the largest US B2C e-bike provider. According to ...
-
Article
B2B event “Austria on Bike” goes into second round
After the successful premiere of ARGE Fahrrad’s (a subsidiary of the association of sporting goods manufacturers and sports equipment suppliers of Austria VSSÖ) testing and networking event Austria on Bike last year, the Austrian bicycle industry is again inviting retailers to the largest national bike region of Saalfelden Leogang in ...
-
News briefs
New bike bag from recycled end-of-life tires
BASF and Cologne-based Baesiq have teamed up for the production of a new sustainable bike bag, on sale from this summer. The “Pendik” bicycle bag from the Pinqponq brand by Baesiq has a significantly reduced CO2 footprint thanks to BASF’s Ultramid Ccycled, a mass-balanced polyamide that supports the use of ...
-
News briefs
New independent entity to improve safety in professional road cycling
The Union Cycliste Internationale (UCI), Association Internationale des Organisateurs de Courses Cyclistes (AIOCC), Association Internationale des Groupes Cyclistes Professionnels (AIGCP), women’s cycling teams union UNIO, the Cyclistes Professionnels Associés (CPA) and the Association of Professional Cyclists For Female Athletes (CPA Women) have announced the creation of SafeR (for SafeRoadcycling), a ...
-
Article
Jenny Tough on the outdoors, diversity and sustainability
Endurance athlete and solo adventurer Jenny Tough on how she rates the industry progress in sustainability and diversity, and her wish for the Outdoor sector.
-
News briefs
Santini 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 ...
-
Article
Q2 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.
-
News briefs
Maap 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,” ...
-
News briefs
Italian 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. ...
-
Article
SSU 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, ...
-
Article
Second 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 ...
-
News briefs
Semapa 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 ...