Bike & eBike – Page 15
-
News briefsStar investors for the All in Biking app
Spanish tennis players David Ferrer and Juan Carlos Ferrero and former Moto GP racer Sete Gibernau have invested in All in Biking. Headquartered in Alicante, Spain, All in Biking was founded in November 2021 by José Julio Becerril and Juan Antonio Cano. Through the All in Biking app, users can ...
-
News briefsFox Factory Group hires new CFO
Fox Factory Group, the U.S.-based supplier of products for bicycles, off-road vehicles and motorcycles, has hired Dennis Schemm as its new chief financial officer to replace the retiring Maggie Torres. Schemm has more than 25 years of experience in finance, with a deep skill set that includes financial risk management, ...
-
News briefsDates for World Cycling Forum announced
The date for the fourth edition of the WFSGI’s World Cycling Forum has been announced. The event will take place on Sept. 5 and Sept. 6, 2023, in Munich, Germany. The event has once again been timed to coincide with the IAA Mobility Show (Sept. 5-10), with all World Cycling ...
-
News briefsFrasers reportedly interested in ProBikeKit
Frasers Group PLC, owner of Sports Direct, is in talks to acquire ProBikeKit, Sky News reported last Monday. ProBikeKit is an online seller of bike components, accessories and apparel and would pair well with Fraser’s Evans Cycles online and retail chain, which it acquired out of bankruptcy in 2018. ProBikeKit ...
-
ArticleMips: Progressive supply chain strategy to reduce carbon emissions, new test facility in China
Mips, the Swedish helmet-based safety technology specialist, has unveiled its work on a holistic strategy that includes a model to determine and address carbon emissions generated during product development. This represents an opportunity for the company to better address its environmental impact. Because Mips outsources the manufacturing of its products, ...
-
ArticleUSWE reports ongoing consumer demand in Q3 despite challenging macroeconomic conditions
Despite challenging macroeconomic conditions, Swedish company USWE Sports AB’s net sales increased 27 percent in the third quarter (ending December 31, 2022). During the quarter, direct-to-consumer sales performed strongly, with demand for the group’s USWE, Giant Loop and Void brands increasing and online sales growing. However, distribution channels are still ...
-
News briefsFrench government supports cycling with new €2 billion investment
The French government has announced a new €2 billion plan for cycling by 2027. The plan is meant to encourage cycling while also supporting infrastructure and job creation. The overall investment will reach €6 billion, including €4 billion from local authorities over the same 2023-2027 period. Specifically, €1.25 billion will ...
-
ArticleBrompton Bicycle confirms first capital increase in 35 years
Source: Brompton Will Butler-Adams with the one-millionth Brompton bike Brompton Bicycle, known for its folding bicycles, has been independent since 1975 and is owned by founder Andrew Ritchie and current CEO Will Butler-Adams, their friends, families and employees. A partnership with BGF, one of the largest and ...
-
News briefsNew distribution partner for carbon bike specialist C.B.T. Italia in Switzerland, Germany
C.B.T. Italia has announced a collaboration with Lucerne, Switzerland-based Kumach GmbH, which will distribute the Italian bike brand in Germany and Switzerland. C.B.T. Italia (short for “Costruzione Biciclette Tardivo”) is a family-owned company with a 70-year history that started making race bike frames and has evolved in recent decades to ...
-
OpinionWhat makes the perfect industry award jury?
A long-standing member of many award committees in the outdoor industry world, Charles Ross explains what makes a good industry award jury
-
News briefsThule opens retail space at NK in Stockholm
Thule has opened a store at the NK (Nordiska Kompaniet) department store in Stockholm, its third store in Sweden. The 55-sqm retail space is located on the third floor of the department store. “We are very proud to now be present at NK, which is an icon in Sweden. It ...
-
News briefsCake enters India
Swedish lightweight electric motorcycle manufacturer Cake has announced its partnership with Pepfuels, a company funded by ONGC (Oil and Natural Gas Corporation Limited, a natural gas and petroleum company from India headquartered in Dehradun), marking the company’s entry into the Indian market. This collaboration follows Cake’s successful Asian expansion with ...
-
ArticleWeSports acquires Finnish bicycle wholesale company
WeSports, a Stockholm-based group of individual sports, outdoor and mobility companies operating both online and with physical stores and product brands, has announced the acquisition of Finnish bicycle wholesaler Huntteri. The strategic partnership will significantly strengthen WeSports’ presence in Finland and provide for a rapid rollout of Huntteri in Scandinavia. ...
-
ArticleLeatt faces stark comparison with last year’s Q1 numbers
Even as South African protective equipment maker Leatt Corporation chalked up last year’s record sales as the best in its history, in the second half of the year, supply chain issues, inflation, weak consumer demand and a strong US dollar had already led to high inventory levels and a decline ...
-
News briefsGiant Group and Stages Cycling cancel minority share takeover negotiations
At the beginning of the year, we reported on two ticker announcements from the Taiwan Stock Exchange (TWSE). Both concerned the listed bicycle producer Giant Manufacturing Company Ltd. (or Giant Group, including brands Cadex, Giant, Liv and Momentum). The first: That Giant Group had acquired a minority stake in US-based ...
-
ArticleGiant Q1: Overstock harming sales in the West
Inventory reductions in the European and North American markets, as well as the higher year-on-year comparison base, have had a direct impact on the first quarter results of bicycle producer Giant Manufacturing Company Limited (Giant Group). The Taiwanese company had to swallow a 9.6 percent sales drop compared to the ...
-
News briefsSalewa launches its first MTB apparel collection
Salewa has released Vento, its first-ever bike capsule collection. The South Tyrolean mountain sports brand has been known for over 85 years for its technical equipment for alpinists, climbers and mountaineers. The company is now applying its expertise in making technical weatherproof apparel to a bike wear. The new line ...
-
ArticleOrbea posts seventh consecutive year of growth
Without losing sight of its values and identity as a cooperative, Basque bike manufacturer Orbea S. Coop has become a leading and globally recognized bike supplier. As the company announced at its AGM on May 6, it now employs more than 1,000 people worldwide. 80 percent of them in its ...
-
ArticleJulien Durant: “The biggest challenge is the fight against greenwashing”
Picture Organic Clothing CEO Julien Durant has a clear mission: To solve the problems his company – and our industry – makes. Find out how.
-
News briefsOrtlieb to display product carbon footprint for all goods
Ortlieb Sportartikel GmbH has determined and published the product carbon footprint for all of its almost 400 articles, detailing the emissions generated from sourcing raw materials through to production. On Ortlieb’s website, customers can now see how many kilometers they need to cover by bike rather than car in order ...
