All articles by Jo Beckendorff – Page 12

  • Ideal Bike Corporation Logo
    News briefs

    New GM at Ideal Bike Corporation

    16 January 2023

    Following the resignation of Tim Lin as general manager of Ideal Bike Corporation, Taiwan’s third-largest bicycle and e-bike manufacturer, on Dec. 31, the company will now be led by Frank Chen, the former vice president of Ideal China. According to the company’s chairman Hermes Chang, Chen has already demonstrated his ...

  • iStock-1033960094_Bike3
    Article

    2022 bicycle stock chart development proves you can always do worse

    13 January 2023

    Five are up, the majority are down. Compare your brand’s performance with our analysis of the 2022 bicycle stock market.

  • Specialized_red_S_black_logotype
    News briefs

    Specialized gets rid of 8 percent of its global workforce

    12 January 2023

    Specialized CEO Scott Maguire officially announced on Jan. 11 that the company has laid off 8 percent of its employees worldwide. According to the U.S. bicycle company, the downsizing of the team is rooted in the global economy, which is changing faster than anticipated, and in rapid changes within cycling. ...

  • Woom
    News briefs

    Jebsen Group invests in Woom

    10 January 2023

    Hong Kong-based Jebsen Group has invested in Austrian children’s bicycle supplier Woom. The Jebsen Group shares acquisition is via the family-run trading and logistics company’s investment arm, Jebsen Capital. While no information was given on the exact amount of the Woom minority stake Jebsen now holds, it was noted that ...

  • Cycle Union_1
    News briefs

    Companies of insolvent Prophete Group up for sale

    10 January 2023

    Following the filing for insolvency in late 2022, the appointed preliminary insolvency administrator Manuel Sack of law firm Brinkmann & Partner (B&P) has initiated “a structured international investor process with the approval of the preliminary creditors’ committee” for the Prophete Group. This means that the operational business activities of the ...

  • Cycle UnionProphete
    Article

    German bicycle manufacturer Prophete files for insolvency proceedings

    29 December 2022

    On Dec. 20, the renowned German bicycle manufacturer Prophete GmbH & Co. KG filed a petition to open insolvency proceedings (file number 43 IN 777/22). The court appointed Manuel Sack of nationwide law firm Brinkmann & Partner as Prophete’s provisional insolvency administrator. Between Dec. 20 and 23, the following entities ...

  • Bike24II
    Article

    Trial phase of the new Bike24 logistics center for southern Europe underway

    21 December 2022

    Before the end of the year, the new logistics center of the German cycling, running and swimming sports online retailer Bike24 Holding AG started its pilot run in Barcelona. The first test packages have already been shipped. This means that the second logistics center of the “leading e-commerce platform for ...

  • 3T
    Article

    Italian investor joins 3T Cycling

    13 December 2022

    To support 3T Cycling’s ongoing rapid growth, UTurn Investments Srl, an independent family firm founded by Gianpiero Peron, Luca Mongodi and Alberto Nicoli, has invested in the iconic high-end Italian niche bicycle company. The focus is also on expanding 3T’s own “Made in Italy“ factory, where not only bike components, ...

  • Vittoria Group HQs_1
    Article

    British Mammut owner and investment company Telemos takes majority stake in Vittoria Group

    13 December 2022

    A year and a half after acquiring the Swiss Mammut Sports Group from Bystronic (formerly Conzzeta Group), Telemos Capital is making news with another acquisition in the sporting goods industry. The British investment group has signed a binding agreement to acquire a majority stake in Vittoria Group, the bicycle tire ...

  • IMG_9416
    Article

    Bicycle business faces first major hurdles after pandemic surge

    9 December 2022

    At ISPO Munich 2022, OIC spoke with representatives of Taiwanese sporting goods exhibitors about their counterparts in the bicycle industry and found out that fear is creeping into the business – not only among manufacturers in the Far East, but also among Western bike suppliers and their IBD partners. Read here why the industry is extremely worried.

  • Thorsten Heckrath-Rose Produktion Bocholt
    Article

    Rose Bikes continues double-digit growth in 2021/22

    8 December 2022

    DTC provider Rose Bikes GmbH achieved total sales of €174 million in its 2021/22 fiscal year ending Oct. 31. Compared to the previous year, this is an increase of 17 percent. What the Bocholt-based company is particularly proud of is that, despite bottlenecks in the supply chain, sales of complete ...

  • EIT Palm_Glove road
    Article

    Cypad Group acquires majority stake in Pasasport

    5 December 2022

    Since the entrance of the investor PM&Partners SGR S.P.A. in the Italian company Cytech S.r.l. (Cypad Group), which claims to be the world’s leading group for the production of seat pads in sportswear (cycling shorts, etc.) and glove pads, the focus has been on growth. Together, the companies have launched ...

  • Powershift Kit
    Article

    Classified Cycling closes €22 million financing round

    5 December 2022

    Bicycle components newcomer Classified Cycling has successfully closed another round of financing. With the entry of new investors, €22 million were flushed into the Belgian company’s coffers. With the cash injection, raised under the leadership of investment firm Active Partners, Classified aims to “revolutionize the bicycle and e-bike market with ...

  • Cover
    News briefs

    Shimano presents 2022 study on e-bike attitudes in Europe

    1 December 2022

    Are you interested in a detailed country report on the attitudes toward e-bikes in several European countries? If so, you should keep an eye on Shimano’s “State of the Nation 2020” report. More than 15,500 people in 12 European countries were surveyed for this fourth annual report from the world’s ...

  • CanyonCOO Alison Jones
    News briefs

    Canyon Bicycles appoints former road bike athlete as COO

    26 November 2022

    Source: Canyon Alison Jones, new Canyon COO As part of the company’s executive leadership team, German DTC bicycle supplier Canyon Bicycles GmbH has brought Alison Jones on board. She fills the open position of chief operations officer (COO). In this role, the former road bike athlete will ...

  • 38b782d8-5176-a5d6-cf83-7622f39524be
    Article

    Bike industry veteran Pat Cunnane named CEO of Messingschlager USA

    22 November 2022

    Europe’s leading and expanding bicycle accessories supplier Messingschlager GmbH & Co. KG has been able to win over a high-profile industry expert. The German company, which acquired its longtime U.S. partner company – then called Cycle Force Group – and its subsidiaries at the end of 2021 and shortly thereafter ...

  • 0_Cannondale_Wordmark_Black Kopie
    Article

    Cannondale’s new organizational structure without European head

    21 November 2022

    Source: Cannondale Marco Kind After Canadian conglomerate Dorel Industries sold its Dorel Sports bicycle division – comprising Cycling Sports Group (CSG) and Pacific Cycle Group (PCG) – to Dutch company Pon Holdings B.V. last year, work has been underway to integrate the acquired brands. Cannondale, the U.S. ...

  • MV_Agusta_Logo.svgz
    Article

    MV Agusta shareholders and KTM AG inject €30 million

    21 November 2022

    After listed Pierer Mobility AG officially announced on Nov. 3 that its subsidiary KTM AG (not to be confused with e-bike pioneer KTM Fahrrad GmbH) was taking a 25.1 percent stake in rival MV Agusta Motor S.p.A. as part of a capital increase, the Italians announced a €30 million capital ...

  • Pon Lithuania1
    Article

    Pon.Bike commissions YIT Lietuva to build new factory in Lithuania

    21 November 2022

    After 2L Architects UAB – the Lithuanian architectural firm responsible for the design of the new factory – received the building permit at the end of September, on Nov. 18, the Dutch bicycle company Pon.Bike officially commissioned the construction company YIT Lietuva to build the 40,000-square-meter facility in Lithuania’s Kėdainiai ...

  • Bosch-POR
    Article

    Bosch invests specifically in the European production of eBike Systems

    20 November 2022

    In mid-October, the Slovakian ministry of economy told the domestic press that Robert Bosch GmbH (Bosch Group) and its offshoot Robert Bosch spol sro (aka Bosch-Slovensko) would expand the Slovakia-based Electric Drive Division to produce e-bike components for its e-bike drive supplier Bosch eBike Systems and invest accordingly. Shortly after ...