All articles by Jo Beckendorff – Page 23
-
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 ...
-
ArticleU.S. debut of German-Austrian Nox Cycles
German-Austrian e-bike manufacturer Nox Cycles Austria GmbH, which once emerged from Berlin-based Hawk Bike Sales GmbH, is expanding not only from the DACH region into other EU countries but also toward the Americas. While it has already gained a foothold in South America two years ago through an importer in ...
-
News briefs7mesh grows distribution network
Founded by former managers of Canadian outdoor company Arc’teryx, technical bikewear supplier 7mesh Industries Inc. (aka 7mesh Apparel) is not only experiencing strong sales growth but is also expanding internationally with new agencies. In Europe, for example, the Canadians were able to sign up Lyon Equipment Ltd. and Ski a ...
-
News briefsDorel Industries closes new $450 million credit facility
Earlier this year – and after lively discussions between Dorel Industries Inc. and its shareholders – the Canadian conglomerate pulled out of the announced going-private transaction. With shareholders clearly expressing confidence in Dorel’s future and the greater potential for Dorel as a public company, the Canadians now announced that “it ...
-
ArticlePrivate equity firm invests in German bicycle retailer LJB
The private equity firm Borromin Capital has invested in the German bicycle retail chain Little John Bikes GmbH (LJB) to drive the retailer’s national growth and to support the company’s further structural and strategic development in the areas of regional presence expansion, corporate acquisitions and the expansion of existing and ...
-
News briefs
Accell Group’s CSCO to leave the company
At its 2015 annual general meeting, Europe’s leading premium bicycle supplier Accell Group N.V. announced that the newly created position of chief supply chain officer (CSCO) would be filled by industry newcomer Jeroen Both, who would also join the management board as its fourth member. Now, the group’s supervisory board ...
-
News briefsHartje hires export sales manager for international market expansion
Source: HARTJE Coen Bosch Hermann Hartje KG welcomes bicycle industry veteran Coen Bosch as a new executive to its ranks. Since May 1, he has been responsible for the export business of the northern German bicycle wholesaler, importer and supplier in the area of bicycles/bicycle parts. As ...
-
News briefsCypad Group with new CEO
In early April, investor PM&Partners SGR S.P.A. and its PM&Partners III Fund became majority shareholders of Cytech S.r.l. (aka Cypad Group). The Italian investor announced at the time that it wanted to strengthen the existing management team around the well-established Cytech founding duo, Marino De Marchi and Stefano Coccia (now ...
-
News briefsPexco with name change and new organizational structure
Now that Austria-based Pierer E-Bikes GmbH (GasGas Bicycles, Husqvarna E-Bicycles and R Raymon brands) and Germany-based Pexco GmbH have grown together into a successful organization after nearly a year and a half under the umbrella of Austrian two-wheeler giant Pierer Mobility AG (KTM Sportmotorcycle, Husqvarna Motorcycles and GasGas Moto motorcycle ...
-
News briefsAbus Group acquires Italian helmet manufacturer
German preventive safety expert August Bremicker Söhne KG (aka Abus Group) has agreed to acquire Italian helmet manufacturer Maxi Studio. The plan is to fully integrate the manufacturer into the group of companies. No details were given about the sales price. Source: ABUS Made by Maxi Studio: Movistar ...
-
ArticleBike and sports e-commerce retailer Bike24 plans to go public in 2021
In September 2019, private equity firm The Riverside Company bought back German e-commerce retailer for cycling, outdoor, fitness and swimming products, Bike24 GmbH, from British cycling e-commerce giant Wiggle CRC. Riverside had sold the continental European cycling online platform to the British industry giant in 2017. However, that deal had ...
