All articles by Jo Beckendorff – Page 17
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ArticleStorck Bicycle more than doubles its sales in 2021
Without providing specific figures, German premium bicycle supplier Storck Bicycle GmbH closed its 2021 fiscal year with a record growth of 117.5 percent. The biggest sales driver was the company’s own online store. Here, order volume climbed by almost 300 percent, according to the company. However, Storck’s sales growth in ...
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ArticleRossignol Bikes celebrates global launch of completely new product range
After a rapid restructuring period at Groupe Rossignol SA that included the sale of bicycle product suppliers Time and Felt Bicycles, the French winter sports giant is now focusing entirely on its own Rossignol Bikes brand, founded in 2017, within the bike segment. On March 1, the French company announced ...
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ArticleBrompton plans new headquarters and factory in Kent
According to information on Ashford City Council’s website, local folding bike company Brompton Bicycle Ltd. has submitted a development request for a new corporate headquarters facility, including a new factory, in the city of Kent in southeastern England. On Feb. 24, the proposals for the new factory were approved in ...
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News briefsFox Factory easily passes $1 billion sales mark in 2021
Despite Covid-related production outages at some OEM customers, suspension specialist Fox Factory Holding Corp. posted a 45.9 percent increase in sales in fiscal 2021 to $1.299 billion (€1.15bn). Bicycle products alone accounted for 44.6 percent of total sales. With these good sales figures under its belt, the U.S. company also ...
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ArticleSecond bike stock index and certificate ex-USA
In 2021, the first public donation bike certificate from Daubenthaler & Cie. based on the world’s first bike index celebrated its stock market debut with the “BeneFaktor Zertifikat Bike”. Now the German asset manager follows up with the “BeneFaktor Index Bike ex-USA,” which went live on Feb. 21 with index ...
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News briefsAllegion appoints global OEM sales director for Axa and Trelock
Source: Allegion Security technology company Allegion plc has appointed Ralph Prins as global OEM sales director for its Axa and Trelock bicycle lock brands. With this move, Allegion aims to further deepen the OEM sales segment structure for both brands. Starting in March 2022, Prins will operate ...
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News briefsRose Bikes ends 20/21 with single-digit, forecasts double-digit sales growth in fiscal 21/22
Despite “missing components and unfeasible product launches,” German DTC bicycle brand Rose Bikes achieved sales growth of 8.5 percent to a total of €148.7 million in fiscal 2020/2021, which ended Oct. 31. For the upcoming 2021/22 fiscal year, all signs point to further expansion. “We have taken all the precautions ...
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News briefsAnother automotive giant enters IBD market with new Lucien bike store chain
Belgium’s largest car importer, D’Ieteren Group SA/NV, is strategically expanding its mobility activities to include bicycles. With the launch of a chain of bicycle shops under the name Lucien, the automotive giant is now including bicycles “as an essential component of tomorrow’s multimodal mobility” in its portfolio. With annual sales ...
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ArticlePortugal Bike Value achieves double-digit increase in bicycle exports in 2021
During the visit of a delegation from the National Agency for Innovation (ANI) to the headquarters of the Portuguese bicycle industry association ABIMOTA in Borralha, secretary general Gil Nadais revealed some interesting export figures for 2021. The main focus of the visit was the expansion of laboratories at ABIMOTA’s headquarters, ...
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News briefsShimano acquires minority stake in Get Bike Service
The Dutch start-up Get Bike Service (GBS) has received a cash injection from Shimano. The amount was not disclosed, only that the Japanese company now holds a minority stake in GBS. GBS says it is “the largest independent service provider in Europe and focuses on the maintenance and repair of ...
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ArticleOrganized crime reaches the bicycle business: Theft at BFI leads to millions in damages, and to delays
The delivery problem in the bicycle industry seems to open a new business field for organized crime. On Jan. 21, the Czech bicycle manufacturer Bike Fun International s.r.o. (BFI) lost key components (including long-awaited Shimano brand parts) when an entire truckload was stolen from Germany. To warn other manufacturers, the ...
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News briefsWilier Triestina acquires F.a.c. di Michelin
Italian bicycle supplier Wilier Triestina Spa has acquired F.a.c. di Michelin Spa, also from Italy and manufacturer of Miche bicycle wheels and parts. The merger creates a group led by Wilier Triestina with total sales of about €80 million. No details were provided regarding the price of the transaction. According ...
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News briefsMessingschlager acquires long-standing U.S. partner Cycle Force Group
Effective Dec. 31, 2021, Europe’s leading bicycle accessories importer, Messingschlager GmbH & Co. KG, has acquired its long-standing U.S. partner Cycle Force Group, LLC. No information was given about the transaction price. Cycle Force Group and its distribution subsidiary North America Cycles have worked with the German importer for over ...
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News briefsFormer Jordan Brand GM to become CEO of Canyon Bicycles
On March 1, bike industry newcomer Nicolas de Ros Wallace will join German DTC company Canyon Bicycles GmbH as its new CEO. He replaces CFO Winfried Rapp, who has served as interim CEO since October 2021 following the departure of Armin Landgraf. Rapp will continue to be a member of ...
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ArticlePon.Bike invests in third European production facility in Lithuania
While Dutch mobility company Pon Holdings B.V. is still maintaining a low profile, the Lithuanian investment promotion agency Invest Lithuania announced on Jan. 24 that Pon.Bike – the bicycle division of Pon – will open a new production facility in the 320-acre Free Economic Zone (FEZ) of Kėdainiai, 50 kilometers ...
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ArticleSelle Royal Group plans to list on the Milan Stock Exchange
Another bicycle company appears to be preparing its initial public offering. According to various media reports in Italy, bicycle saddle and component manufacturer Selle Royal S.p.A. (also known as Selle Royal Group) has announced plans to aim for the Milan Stock Exchange. According to international news agency Reuters, the holding ...
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News briefsSRAM Group expands portfolio with acquisition of Hammerhead
The U.S. bicycle component manufacturer SRAM Group has purchased another brand, the bicycle computer manufacturer Hammerhead, which will remain an independent brand in the group’s portfolio. The transaction was already completed on Dec. 30, 2021, but has only now been officially announced. No details were given about the sales price. ...
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ArticleKent Outdoors acquires Kona Bicycles
Since its beginnings just over 34 years ago, Vancouver, B.C.-based bicycle manufacturer Kona Bicycles says it has “evolved from a small business in the Pacific Northwest to a far-reaching global brand.” On Jan. 19, the Canadian company announced that it has joined U.S.-based Kent Outdoors (formerly Kent Watersports) “to compete ...
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ArticleGreen awareness provides greater tailwind for bike stocks in 2021
2021 had it all: on the one hand, more lockdowns, virus variants, inflation, zero or negative interest rates, supply bottlenecks, political crises, trade and other wars, etc. On the other hand, 2021 experienced a world stock market that trudged steadily upward. This also gave our 2021 cycling stock some major ...
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ArticlePierer Mobility records strongest growth with e-bikes
According to Austrian two-wheeler specialist Pierer Mobility AG, the 2021 financial year shone with new records – so much that the board raised its sales forecast even before the publication of the preliminary key data for 2021 on Feb. 1. Previously, the publicly listed company had communicated a sales forecast ...
