All articles by Jo Beckendorff – Page 19
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ArticleLess growth for Giant Group in Q3
With strong global demand for bicycles and e-bikes, Taiwan-based bicycle manufacturer Giant Manufacturing Company Ltd reports that its global production facilities are fully loaded with orders, supporting the company’s revenue and profit growth. For the first three quarters of fiscal 2021, the company reported record sales of 61.94 billion Taiwan ...
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ArticleBike-Components joins forces with brick-and-mortar retailers
The German e-commerce bicycle platform Bike-Components (managed by BC GmbH & Co. KG) is launching a new business segment next year: BC Remote is an ordering platform for brick-and-mortar bicycle dealers only. The background to this is that bicycle shops, in times of supply bottlenecks, sometimes search for missing parts ...
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ArticleThule sees gains in RV products and carrier systems
The outdoor trend, which kicked in after the Covid-19-related lockdowns, has once again brought good sales growth for the Swedish Thule Group. The trend toward outdoor and leisure activities closer to home continued to positively impact all of the group’s product categories in the third quarter. According to Thule’s preliminary ...
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News briefsBelgian investor acquires Santos Bikes shares from Think2Act
Belgian investment holding company Korys Investments acquired shares in Dutch bicycle manufacturer Santos Bikes on Oct. 19. No details were given about the number of shares or the sale price; all that is known is that Korys bought all shares that had been in the hands of previous Santos investor ...
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News briefsSea Otter Europe 2022 will be held in autumn
After the fifth edition of the bike show Sea Otter Europe Costa Brava-Girona was canceled last year due to Covid-19, this year’s event, held from Sept. 24 to 26, exceeded all optimistic forecasts. According to the organizers, 240 brands from 15 countries and around 45,000 visitors from 50 countries were ...
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ArticleMajor investment in Portuguese bicycle production for the EU market
The Portuguese bicycle industry association ABIMOTA has unveiled a major project with a planned total investment volume of over €258 million, through which Europe’s leading bicycle production intends not only to strengthen but also to expand its role. Plans also call for creating a technology center as a hub for ...
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ArticleFormer CEO of Private Sport Shop group to join Moustache Bikes as CEO
French e-bike supplier Moustache Bikes is strengthening its management team ahead of its tenth anniversary, launching a new development phase. On Jan. 1, 2022, Olivier Cantet, an experienced executive from the outdoor and sporting goods industry, who describes himself as a “leading French e-bike specialist,” will join the company as ...
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ArticlePon Holdings acquires Dorel Sports
The Dutch Pon Group and Canadian conglomerate Dorel Industries Inc. officially announced on Oct. 11 that Pon.Bike (brands Cervélo, Focus, Gazelle, Juliana, Kalkhoff, Santa Cruz, Union, etc.) will acquire Dorel Sports (brands Cannondale, Caloi, GT, Mongoose, Schwinn, etc.). According to the two parties, this mammoth marriage will create “a leading ...
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ArticleGlobal bicycle stocks: Demand remains strong, but supply chain prevents further highs
While falling infection rates and rising economic data helped our global bicycle stocks soar in the second quarter of 2021, a majority of our companies included in the Q3 overview had to adjust downwards in the third quarter. Demand remains high, yes, but the supply chain and some logistical issues ...
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News briefsNorth American Handmade Bicycle Show 2022 to be held in Denver
According to founder and organizer Don Walker, the North American Handmade Bicycle Show (NAHBS), which was once planned for March 2020 but postponed to August due to Covid and eventually canceled, will open its doors next year in 2022 in Denver, Colorado, not Dallas, Texas, as planned for 2020. Denver ...
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ArticleListed majority owner of Bikeleasing-Service renamed
On June 16, German technology group Brockhaus Capital Management AG (BCM), which has only been traded on the stock exchange since July 2020, signed a purchase agreement to acquire a majority stake in Bikeleasing-Service GmbH & Co. KG (BLS), “a leading digital B2B platform for the highly automated brokerage and ...
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ArticleProphete Group with management change after successful turnaround
In mid-2019, when the German bicycle supplier Prophete Group ran into difficult waters, the two owner families, Lönne and Prophete, brought the turnaround consultancy Struktur Management Partner GmbH on board. Interim manager Felix Schwabedal was tasked with designing and implementing the restructuring. Effective Oct. 1, 2021, he will now be ...
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News briefsSwiss e-bike pioneer Flyer takes off in North America
Like the German mountain bike manufacturer Propain Bicycles, Swiss e-bike pioneer Flyer AG, part of Europe’s largest bicycle buying group ZEG (Germany), is also using this year’s U.S. bicycle festival Sea Otter Classic in Monterey, California (Oct. 7-10), to enter the U.S. market. Flyer is not only eyeing the ...
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News briefsPropain Bicycles goes America
German niche D2C brand Propain Bicycles (custom handcrafted mountain bikes) is using the 2021 Sea Otter Classic U.S. bicycle festival in Monterey, California, which has been moved from its traditional May date to Oct. 7-10, to introduce itself along with its newly formed subsidiary Propain Bicycles USA. With this move, ...
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News briefsVittoria Group doubles LTT production capacity with $20 million investment
With an investment of $20 million, Italian bicycle tire manufacturer Vittoria S.p.A. plans to double the production capacity of its manufacturer Lion Tyres (Thailand) Co. (LTT). The new factory will not only increase capacity, but also create “the world’s first carbon-neutral production facility for bicycle tires,” according to the company. ...
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ArticleFor one-time bonus payment: Bike24 starts share buyback
German e-commerce cycling, running and swimming sports retailer Bike24 Holding AG has been trading on the stock exchange floor since the end of June 2021. The company’s shares, which once launched with a purchase price of just €15 and then often moved up, but also sometimes down, were well up ...
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News briefsDTC e-bike brand Cowboy heads to the U.S.
DTC e-bike brand Cowboy announced on Sept. 23 at the Micromobility America Conference in San Francisco that it is expanding its business to the U.S. At the same time, the Belgian brand is expanding in Europe: the addition of Sweden and Denmark brings the number of served country markets to ...
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News briefsWFSGI members elect two cycling executives to board of directors
In a postal vote among its members, the World Federation of the Sporting Goods Industry (WFSGI) has elected three new board members. The results of the written ballot were officially announced at the virtual WFSGI board meeting on Sept. 21. Elected as industry representatives were: Ton Anbeek (CEO of Accell ...
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News briefsCanyon Bicycles CEO to leave the company
Source: Canyon Taking over as CEO on an interim basis on October 1: CFO Winfried Rapp Canyon Bicycles CEO Armin Landgraf has decided to leave the D2C bicycle supplier for personal reasons at the end of September. He agrees to continue to assist the company as an ...
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News briefsMondraker with new headquarter in Spain
Spanish premium bicycle supplier Mondraker has moved into its new headquarters in Elche, 30 kilometers southwest of Alicante. The new building combines everything under one roof - all departments, offices and also production are located close to each other. According to the company, this creates synergies and increases efficiency. However, ...
