Bike & eBike – Page 35
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ArticleInsolvent WiggleCRC’s new business model focuses on the UK
In the wake of the insolvency of Signa Holding, the British subsidiary WiggleCRC of Signa Sports United (SSU) also had to file for insolvency on Oct. 24. The appointed administrators Anthony John Wright and Alastair Rex Massey of London-based management and restructuring consultancy FRP Advisory have now announced a new ...
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News briefsNew board for CONEBI
At its 2023 General Assembly, held Nov. 28 in Brussels, the Confederation of the European Bicycle Industry (CONEBI) elected a new Board of Directors. The board of the European national bicycle and bicycle parts industry umbrella organization was also expanded. While one board member stepped down, three new members were ...
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News briefsShimano stolen data have been leaked online
Shimano suffered a ransomware attack earlier in November. Hackers from the LockBit group threatened at the time to publish 4.5 TB of confidential data unless the Japanese firm paid a ransom, as first reported by Escape Collective. Now, a vast trove of stolen Shimano data has been leaked online, according ...
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ArticleISPO Munich 2023: Back with lots of Zeitgeist (and more)
Our editors sum up the biggest themes, most important numbers, trends and pinch points on show at ISPO Munich 2023.
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News briefsDecathlon becomes title sponsor and bike supplier of the AG2R La Mondiale team
Decathlon will be replacing Citroën as the title sponsor of the AG2R cycling team in the upcoming season. In addition, the French sporting goods retailer will supply bikes, glasses and helmets to the 28 riders of the team. These products, which the Decathlon teams will co-create with the riders, will ...
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ArticleHövding threatened by recall and permanent sales ban, defends itself vehemently
In view of the Swedish Consumer Protection Agency’s previous decision to temporarily stop the sale of Hövding in Sweden, the company has now submitted a final statement with extensive documentation which, together with expert opinions, proves the high safety standard of the head protection. According to Hövding, RISE (formerly Statens ...
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ArticleHövding opposes sales stop, provides evidence of product meeting safety requirements
After the Swedish Consumer Protection Agency temporarily halted the sale of the Hövding 3 bicycle airbag in Sweden at the beginning of November, the manufacturer has now submitted a final statement to the agency with extensive documentation confirming the high safety standard of the head protection and the tests that ...
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News briefsEnve streamlines European distribution
Enve, part of Amer Sports since 2016, has announced an expansion of its partnership deal with Mohawk’s Cycle, its long-standing French distributor. Mohawk’s has now become the sole distribution partner for Enve throughout the European Union, except for Austria and Germany. Mohawk’s will manage inventory and distribution from Taverny in ...
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ArticleHarley-Davidson’s e-bike offshoot Serial 1 changes hands
The e-bike supplier Serial 1 Cycle Company, founded by the iconic US motorcycle manufacturer Harley-Davidson in 2020, has been sold to LEV Manufacturing. This provider of light electric vehicles (LEV) focuses on US production “using processes from the free trade zone with a US certificate of origin.” The purchase price ...
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News briefsHartmobile applies for a temporary suspension of payments
The current tense situation in the bicycle industry has put another company in dire financial straits: Last week, Dutch e-bike provider Hartmobile B.V., the parent company of Dutch e-bike brand Qwic, filed for a suspension of payments in its homeland. According to a report published on the Dutch bankruptcy website ...
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News briefsTraffic Distribution sets up its own bicycle wholesaler branch in the UK
German bicycle wholesaler and importer Traffic GmbH (Traffic Distribution) is expanding its activities in the UK, setting up its own branch with a warehouse and office in Hastings under the name Traffic UK. Since Brexit, EU and UK companies have tried to continue doing business while avoiding additional costs ...
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News briefsNew POC helmet certified for skiing, mountaineering, and cycling
POC has released its first helmet certified for skiing, mountaineering, and cycling. The Calyx is designed to be “the one helmet that will protect from the door to the summit.” Certification standards for the three activities are varied. Ski and Cycling certifications are widely centered on a “drop test” to ...
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ArticleGiant Group reports further slump in sales and profit in the western markets
Back in August, Giant Manufacturing reported a sales high in China in Q2, which more or less made up for the slump in sales in Europe and North America. In Q3, this was no longer the case – both the consolidated sales and the profit dropped by double digits. Consolidated ...
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ArticleIdeal Bike posts further losses – will Q4 save the day?
After Taiwan’s third-largest bicycle manufacturer Ideal Bike Corporation slipped into negative numbers in H1 of FY 2023, the negative operating results and net losses have continued in Q3. At TWD 3.23 billion (€92.78m), total sales in the third quarter of 2023 were 21.7 percent lower than in the same period ...
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ArticleMerida’s sales and profit down double-digits in the first 9 months, but…
Taiwan’s second-largest bicycle manufacturer Merida Industry Co., Ltd., achieved total sales of TWD 22.53 billion (€651.44m) in the first three sales quarters of FY 2023. Compared to the first nine months of the previous year, this is a decrease of 14.6 percent. Despite this double-digit decline in sales, gross profit ...
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News briefsInsolvent KSR Group to continue as a going concern
On Nov. 8, representatives of the creditors of the Austrian two-wheeler wholesaler and importer KSR Group GmbH, which slipped into insolvency on Sept. 6, 2023, met at the Krems District Court. Also on site: The appointed Restructuring Administrator Dr. Christoph Sauer from the law firm Riel Grohmann and the owners ...
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News briefsOrtlieb’s anti-Black Friday action announced
Joining the list of outdoor brands rebelling against the consumerism and potential waste associated with Black Friday campaigns, Ortlieb has announced its very own anti-Black Friday action. The manufacturer of waterproof backpacks, panniers and travel bags is encouraging consumers to repair rather than rebuy. Source: Ortlieb ...
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News briefsKask launches new website, goes multi-channel
On Nov. 8, Italian manufacturer Kask launched its new website with a new interface design and many new functions, including the brand’s first online store. The new website is available in five languages (Italian, English, French, Spanish and German) and is divided into sections for cycling, winter sports and equestrian ...
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ArticleInventory levels and sluggish consumption continue to weigh on hGears’ business
German precision gear and component manufacturer hGears AG has announced its figures for the first nine months of FY 2023. It generated consolidated revenue of €84.1 million in these first three sales quarters. This is 18.8 percent less compared to the same period of the previous year. The company said ...
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ArticlePolartec announces Apex Award winners 2023
Polartec has announced the winners of the Polartec Apex Awards 2023. The annual design award recognizes brands and designers that embody Polartec’s Made To Go Beyond ethos. The winning garments – selected from hundreds of entries that improve the lives of those who wear them – embody ...
