Bike & eBike – Page 43
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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, ...
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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 ...
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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 ...
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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 ...
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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 ...
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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
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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 ...
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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 ...
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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. ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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.
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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 ...
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News briefsFox Factory hires first chief accounting officer
Brendan Enick has joined Fox Factory Holding Corp. as its first chief accounting officer. Enick has more than 16 years of experience in the accounting industry and has held positions ranging from audit and financial reporting to corporate finance, most recently as vice president, corporate controller at Carter’s, Inc. He ...
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News briefsBenno Bikes recruits former Bergamont co-founder
Source: Benno Bikes Axel Kedenburg Benno Bikes founder and CEO Benno Baenziger has welcomed Axel “Akki” Kedenburg, another high-flyer of his generation, as European sales and marketing director for his Etility Design bike brand. In his new role, Kedenburg will be responsible for marketing, PR and dealer ...
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ArticleVista Outdoor posts Q4 loss, 83 percent decline in FY operating income
Vista Outdoor, which owns 41 sporting, outdoor and action sports brands, reported a Q4 operating loss of $292.4 million and an Ebit loss of $311.8 million as the group’s outdoor products segment continued to navigate market uncertainty and retail inventory challenges. The company recorded a goodwill impairment and trademarks amounting ...
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News briefsPamela Busch returns to Sigma Sport as director of marketing
Source: Sigma Sport Pamela Busch Pamela Busch is taking over as Head of Marketing at Sigma-Elektro GmbH with immediate effect, succeeding Jennifer Leinenbach, who has left the company at her own request to pursue new career paths. Busch already worked for Sigma in the same role from ...
