All articles by Jo Beckendorff – Page 3
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ArticleThree bike industry veterans launch first dedicated investment fund for micromobility
Fundracer is a new, micromobility-focused investment fund that aims to support innovative start-ups and promote growth in the sector.
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ArticleYeti Cycles opens EU branch
The US bike brand is expanding into Europe with a new subsidiary in southern Germany, aiming to strengthen its presence in key markets.
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News briefsWBIA introduces new board and new president
The World Bicycle Industry Association has elected a new president following the passing of its predecessor.
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ArticleLeatt with flat numbers, but optimistic due to visible growth at dealer, consumer levels
The South African supplier of two-wheeler equipment sees optimism ahead despite an 18.4% revenue drop, driven by a growth trend seen at dealer and consumer levels.
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News briefsNox Cycles expands with subsidiary in South Africa
The Austrian manufacturer, which exclusively produces electric mountain bikes, continues to branch out.
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ArticleGiant: After slow first half year, all hopes rest on the second
Giant Group eyes a stronger second half, driven by China’s growing demand, despite a tough start and challenges in Western markets.
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ArticleAre Bike24’s good Q2 results a first sign of market recovery?
Due to a good second sales quarter in 2024, the stock-listed German online retailer is looking positively into the future.
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ArticleFox Factory sales down, SSG sales increase mainly due to Marucci takeover
The suspension specialist’s Q2 results showed a 13% sales drop, driven by double-digit declines in PVG and AAG sales. However, SSG saw a 17.8% increase, mainly due to the Marucci Sports acquisition and a 52% rise in bicycle brand sales compared to Q1.
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News briefsOutdoor Research launches MTB collection
OR’s first mountain bike collection, called Freewheel and originally announced for Spring 24, is now available for consumers.
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ArticleBicycle sales slump in Europe weighs on Shimano’s overall business
Announcing a 17.6% drop in total net sales in H1 2024, the world’s leading manufacturer of bicycle components blames macroeconomic turbulences in geopolitically tense times.
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News briefsBelgian Cycling Factory strengthens IBD commitment
Bicycle supplier Belgian Cycling Factory – parent of the Eddy Merckx and Ridley brands – is expanding its team of country managers as part of a new IBD business model.
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ArticleFounding family takes over on occasion of Norco Bicycles’ 60th anniversary
Independent bicycle wholesaler Norco Bicycles – renamed Live to Play Sports Group Inc. in 2011 – is no longer managed by the Lewis and Zalkow families.
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ArticleBicycle industry veteran launches virtual marketplace for OEM components
When “Mr. Koga” Pieter-Jan Rijpstra left the Dutch bicycle company Accell Group after 22 years at the turn of 2023/2024, he had a new project in mind. At the heart of his own, newly founded industry consultancy Bike Expert Interim Consultancy B.V. (BEIC) is an online platform of the same ...
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News briefsAustrian e-bike contract manufacturer WSF Technology liquidated
The administrator announced in July that the young Austrian bicycle and e-bike contract manufacturer WSF Bicycle Technology GmbH would be liquidated, which means that the company’s assets are being sold.
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ArticleMips sales bounce back to double-digit growth
In the second quarter of 2024, Mips AB generated net sales of 133 million Swedish kroner (€11.54m). According to the company, the sales growth of 30.4 percent compared to Q2 2023 can primarily be attributed to a normalizing inventory situation in the sports category.
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ArticleBicycle Industry Stock Chart Q2 2024: Glass half full or half empty?
While the wars against Ukraine and in the Middle East appear to have already been priced in by the global stock markets, the clear shift to the right in the European elections in early June and the poor performance of US President Biden in the first TV debate against Donald Trump put the markets under pressure. As a result, there was no clear picture of the bicycle market – or the global stock market across all sectors.
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News briefsScott Sports names Hap Seliga President of its US business
Source: Scott Sports Hap Seliga Scott Sports SA has appointed US industry veteran Hap Seliga as the new President of its subsidiary Scott Corporation. Together with the teams in Salt Lake City, Utah, and Ogden, Utah, Seliga will drive growth in the US market and consolidate the ...
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News briefs7Mesh with new distributors in Europe and North America
Founded in 2014 by former Arc’teryx and Assos managers on Canada’s West Coast, technical cycling apparel brand 7Mesh Industries Inc. is now also represented by distributors in the Benelux market and in the Canadian province of Ontario. Approaching its tenth anniversary, these new appointments – alongside the recent expansion of ...
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ArticleManufacturer of Schwalbe tires massively expands recycling
One year after the introduction of the first Green Marathons bicycle tire – made from used tires, among other things – the German Schwalbe bicycle tire manufacturer Ralf Bohle GmbH announces that the majority of its Schwalbe tire range will be manufactured with recycled carbon black (rCB) with immediate effect. ...
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ArticleDarfon Electronics takes over wholesaler and importer Grofa
In August 2020, the German wholesaler and importer Grofa Action Sports GmbH took over the exclusive distribution of the e-bike brand BESV from electronics giant Darfon Electronics Corp. in Germany and Austria. The management board of the listed Taiwanese company has now approved an agreement to this effect. According to ...
