Bike & eBike – Page 41
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News briefsVanMoof 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 ...
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ArticleGreenstorm 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 ...
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News briefsThule 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 ...
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ArticleCreditor 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. ...
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ArticleRad 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 ...
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ArticleB2B 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 ...
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News briefsNew 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 ...
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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 ...
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ArticleJenny 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.
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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. ...
