All articles by Jo Beckendorff – Page 19
-
News briefsNew CEO at Magura
Effective June 1, Michael Funk has joined the management board of German brake expert Gustav Magenwirth GmbH & Co. KG (Magura Group) as the company’s new CEO. Funk succeeds Olaf Müller, who left the company earlier this year. Ralph Berndt had taken over the duties as CEO of the Magura ...
-
ArticleCONEBI’s publishes Bicycle Market Report 2021
“The European bicycle industry is booming.” That is the headline the Confederation of the European Bicycle Industry (CONEBI), the umbrella organization for national industry associations, is using to promote its BIMP Edition 2021 (“European Bicycle Industry and Market Profile”), unveiled June 12, with the latest figures for 2020. ...
-
ArticleShimano with new factory in Singapore, new machines in Japan
A few weeks ago, Japanese bicycle component manufacturer Shimano Inc. had to close its Malaysian plant, forced by the Malaysian government’s Covid lockdown. The Japanese company now announced that it would invest in a new factory in Singapore and new machinery in Japan. All this is being done with an ...
-
News briefsPierer Mobility reports strong two-wheeler sales in the first half of the year
With total sales of 176,045 motorcycles and 53,378 e-bikes and bicycles worldwide, Austrian two-wheeler giant Pierer Mobility AG has closed the first half of 2021 on a strong note. While the motorcycle sales under the KTM, Husqvarna and GasGas brand names almost doubled with an increase of 94.9 percent compared ...
-
ArticlePortugal officially inaugurates Europe’s first large-scale carbon frame factory
Led by Portugal’s minister of state for the economy and digital transformation, Pedro Siza Vieira, Carbon Team’s new production facilities were officially inaugurated on July 9 in Camoia, in the Portuguese municipality of Vouzela. Carbon Team is the first European automated carbon bicycle frame factory outside Asia. Hardtail monocoque carbon ...
-
News briefsGerman DTC bicycle supplier Rose Bikes pushes expansion in brick-and-mortar retailing
End consumers have been able to test and buy bicycles from German DTC bicycle supplier Rose Bikes at Lengermann & Trieschmann in Osnabrück, Breuninger in Stuttgart, Sport Reischmann in Kempten and the four Globetrotter stores in Cologne, Frankfurt, Wiesbaden and Dresden since April 2021. Rose Bikes models “across all bicycle ...
-
News briefsU.S. wholesaler QBP adds Benno Bikes to portfolio
U.S. bicycle wholesaler Quality Bicycle Products (QBP) will be the sole domestic distributor for California-based Benno Bikes’ bicycles, parts and accessories, beginning with the 2022 model year. With home market distribution centers in Minnesota, Pennsylvania, Nevada and Colorado, QBP serves a network of more than 5,000 independent bicycle dealers across ...
-
ArticlePortugal Bike Value goes digital
On July 20, the very first digital platform to promote the Portuguese conscious mobility sector will be launched. With this tool, the national bicycle industry association ABIMOTA aims to promote, on behalf of its members, the path taken to internationalize the domestic bicycle production sector. Source: ABIMOTA PBV ...
-
News briefsGruppo sets course for the future with new majority shareholder and CEO
U.S. investor Asobi Ventures Inc. has acquired a majority stake in Italy’s Gruppo Srl, the parent company of bicycle manufacturer Cinelli and (bicycle frame) tube producer Columbus. Further details of the transaction were not disclosed. At the same time, Gruppo has appointed Marcello Segato as CEO. Source: Gruppo ...
-
News briefsVittoria launches bike tire subscription service
Italian bicycle tire giant Vittoria Group is launching its first B2B tire service, called “Vittoria2Go.” The service allows customers to purchase bicycle tires on a subscription basis and pay monthly. With this unique offering, the Italians are targeting the growing bicycle leasing and rental market. The first customer is Pon ...
-
ArticleGlobal bicycle stocks chart Q2 2021:
Still riding the waveDue to the Covid-related closures, the focus in the first quarter of 2021 was still very much on alternative mobility products. This shifted somewhat in the second quarter. Falling infection figures and rising economic data have provided a breath of fresh air. This is leading to a renewed focus on traditional stock values. After all, in Covid times, these were properly beaten down. For example, shares in the automotive sector fell to respective lows below their actual value. The stock market is currently reacting positively to a time without lockdowns and the current efforts of the automotive industry to make its contribution to the mobility revolution with electrification. Global bicycle stocks continue to cruise at great heights but did not perform as extraordinarily in Q2 as they did in the first three months of this year.
-
News briefsItalian bicycle brand Colnago taps former Selle Royal executive as CEO
Nicola Rosin In October 2020, industry veteran Nicola Rosin announced his departure from the Selle Royal Group. Since then, there have been rumors that he could become CEO of his home country’s legendary road bike brand, Colnago Ernesto & C. S.r.l., which was founded in 1954 in ...
-
ArticleWoom-Europe merges with Woom-USA
Austrian children’s and youth bicycle supplier Woom GmbH has acquired its U.S. import partner and placed it under its corporate umbrella. Financial details of the acquisition were not disclosed. The merger of Woom-Europe with Woom-USA is one of several strategic steps the company is taking to grow. Having already built ...
-
ArticleEurobike 2022 will relocate from Friedrichshafen to Frankfurt
New location, new date, new concept – only one thing remains: the team of people involved. In order to strengthen its market position and further develop its flagship trade shows in the areas of Urban Mobility “with the bicycle as a bandwagon” and General Aviation, Eurobike organizer Messe Friedrichshafen is ...
-
ArticleOutdoor-Profis becomes wholly owned Sport 2000 subsidiary
Outdoor-Profis GmbH, the umbrella company for the outdoor specialty retailers that are part of the Sport 2000 sporting goods buying group, has become a wholly-owned subsidiary of the Sport 2000 GmbH group. Acquisition details were not disclosed. Previously, Sport 2000 held an unspecified minority stake in Outdoor-Profis. With the acquisition ...
-
News briefsHerrmans Bike Components with new CFO
Source: Herrmans Oy Shayekh Ahmed, CFO On January 1, 2020, Finnish company Herrmans Oy Ab had officially reorganized itself by splitting the business of its two divisions Bike Components and Worklights into two independently operating companies. Since then, the Finnish group has been working on the unbundling ...
-
News briefsPierer E-Bikes recruits two former Magura executives to its management
Source: Pierer E-Bikes GmbH Olaf Müller Pierer E-Bikes GmbH (brands GasGas Bicycles, Husqvarna E-Bicycles, R Raymon), the bicycle and e-bike subsidiary of Austrian two-wheeler specialist Pierer Mobility AG, has strengthened its management team with two former Magura managers. While Olaf Müller joins the e-bike supplier’s management team ...
-
News briefsLucky Bike.de opens new company headquarters
After the opening of the new company headquarters of German chain store Lucky Bike.de GmbH in Bielefeld was postponed by a week due to delayed construction work on the exterior facade, the date is now set for July 2. With a total of 29 Lucky Bike and Radlbauer brand stores ...
-
News briefsGerman B2C bicycle supplier Rose launches its first own apparel line
Source: Rose Bikes Rose Dropbar Cycling Fashion – Unpaved After more than a year of research and development, German bicycle supplier Rose Bikes unveiled its first dedicated “all-in” cycling apparel line. According to the company, the Rose Dropbar Cycling Fashion, marketed under the slogan “Timeless.Functional.Fashionable.”, is far ...
-
News briefsChanges in Canyon Bicycles’ communications team
After four and a half years as global communications manager at Canyon Bicycles GmbH, Thorsten Lewandowski will officially leave the German D2C provider at the end of June, but is currently already on residual leave. Lewandowski will, however, remain with the industry. We expect more information in July. Prior to ...
