All articles by Jo Beckendorff – Page 4
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ArticleGerman custom bike manufacturer Rotor Bikes relaunches directly after insolvency
Due to liquidity problems, the Leipzig-based complete bike, frame and wheel manufacturer Rotor Bikes GmbH (not to be confused with the Spanish bicycle component manufacturer Rotor Components Technologicos S.L.!) filed for insolvency on June 4. According to the company, this step has set the course for a new start under ...
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ArticleNew Cake owner introduces himself and his future plans
After Cake founder and CEO Stefan Ytterborn (also founder of the protective equipment company POC) lost a major investor at short notice and his e-motorcycle and e-bike company, founded in 2016, had to file for insolvency on Feb. 1 of this year, the insolvency administrator gave little news about the ...
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ArticleFitness equipment giant Dyaco opens new e-bike factory in Taiwan
Around two years ago, Taiwan’s listed fitness equipment provider Dyaco International Inc. took over the bicycle factory of ODM and OEM manufacturer Iuvo in Dajia. In doing so, the company invested in its young e-bike business (including the newly created e-bike brand Cikada). As the Iuvo factory was located on ...
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ArticleRemanufactured Brose e-bike drivetrains now available via Ra-Co
German and Austrian IBDs can now easily purchase the sustainable remanufactured e-bike drivetrains from Berlin-based e-bike drivetrain producer Brose E-Bike via its long-standing sales partner Ra-Co Radsport Components GmbH. The two companies have been cooperating since 2020. Ra-Co has now expanded its range of Brose products to include remanufactured motors. ...
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News briefsGerman online retailer Bergfreunde is ‘Save Our Returns’-certified
German mountain sports, climbing and outdoor e-commerce retailer Bergfreunde GmbH, which was acquired by the French sporting goods chain Decathlon earlier this year, has been awarded the Save Our Returns sustainability seal. According to Bergfreunde, this makes it the first outdoor retailer and only the fourth company ever to be ...
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News briefsSanta Cruz Bikes founder advises Specialized
Source: Specialized Rob Roskopp As US bike supplier Specialized Bicycle Components just confirmed in its in-house newsletter, the California-based company has appointed Rob Roskopp, the founder of MTB forge Santa Cruz Bicycles, to an advisory role. With Roskopp, who founded Santa Cruz Bicycles in 1993 and left ...
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ArticleHighBar Systems completely rethinks bike helmet retention system
Source: HighBar System The first helmets with the new HighBar system have already been worn by Canyon riders in various races. This summer, the German company will launch the first bicycle helmets with the HighBar system on the world market. For several years, a group of well-known ...
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News briefsHervis opts for two top managers
Source: Hervis Joining Oliver Seda on the Hervis Management Board: Dr Ulrich Hanfeld. Austrian sporting goods chain Hervis Sport - und Modegesellschaft m.b.H., which is owned by Spar Österreichische Warenhandels-AG and sells a large number of outdoor and bicycle products in addition to other sporting goods, will ...
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ArticleIdeal Bike reduces loss while revenue drops significantly
Following Taiwan’s leading bicycle manufacturers Giant and Merida, Formosa’s third largest bicycle manufacturer Ideal Bike Corporation is not looking any better either. According to 2024’s first quarterly report, Ideal Bike achieved net sales of TWD 627.45 million (€17.96 million). Compared to the first three months of the previous year, this is an impressive decline of 39.9 percent.
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ArticleStill no turn for the better for Taiwanese bicycle manufacturers
After Taiwan’s leading bicycle manufacturer Giant Manufacturing already reported a double-digit drop in sales for the first quarter of 2024, the country’s number two, Merida Industry Co. is now following suit with its Q1 results: Compared to the first three months of the previous year, Merida’s consolidated sales in Q1 ...
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ArticleLeatt Q1 sales continue to decline, but inventories normalize
After a sales boom during the pandemic years, the shares of the South African manufacturer of protective equipment for motorized and non-motorized off-road two-wheelers Leatt Corporation (traded OTC in the US), like many others, have experienced a “down-to-earth” development in the post-Covid period. This continued in the first quarter of ...
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News briefsGiant Group says stock overhang also weighs on Q1 sales results
The ongoing strained situation in the bicycle industry also has an impact on the sales results of the leading Taiwanese bicycle manufacturer Giant Manufacturing Company Ltd in the first quarter of 2024. The continued large-scale reduction in inventories in Europe and North America and the reluctance to place orders on ...
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ArticleDespite difficult times, Bike24 looks to a brighter future
Although 2024 got off to a challenging start in a persistently uncertain economic environment, Bike24 Holding AG, the German e-commerce retailer for cycling, running and swimming sports, expects a return to growth with improved profitability. “In the current macroeconomic environment, we have made a satisfactory start to 2024,” said Bike24 ...
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ArticleAcquisition of Marucci cushions decline in Fox Factory's SSG bike product sales
Suspension specialist Fox Factory Holding Corp. announced that the company met expectations with a 16.6 percent decline in sales in the first quarter (compared to Q1 2023) to $333.47 million (€309.91m): all three of Fox Factory’s divisions suffered sales declines. The total Q1 sales can be divided into: Powered ...
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ArticleInsolvency administrator secures future of all relevant Internetstores assets
Early on, the appointed insolvency administrator Dr. Christian Gerloff had to realize that he could not find a buyer for the entire package of the insolvent Internetstores GmbH. Following the previously announced sale of the trademark rights and domains of Bikester (for certain European markets) and Fahrrad.de to Fahrrad.de founder ...
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ArticleThule’s Q1 results benefit from bicycle market recovery
In its Q4 report for 2023, transport system provider Thule Group AB stated that it was already experiencing “the first signs of an improvement in the tense market situation.” The first quarterly report of the current 2024 financial year proves that the Swedes were not mistaken: They have made a ...
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ArticleMips with good start into 2024 on the back of bike market recovery
For the first time, the slump in the bicycle market was no longer the main reason for the decline in sales in Mips’ Q1 2024 earnings report, as was previously the case. Not the subcategory “Bicycle,” but the subcategory “Snow” was the main driver of the 6 percent decline in ...
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ArticleShimano value sales down double-digit in Q1
Even during the bicycle boom in the Covid years, the world’s leading bicycle component manufacturer Shimano Inc. repeatedly stepped on the brakes in its outlook for the time after the pandemic. At least the sales figures for the first quarter of 2024 show that the Japanese company was not so ...
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ArticleDecathlon Germany expanding e-bike range with refurbisher Rebike
After sporting goods chain Decathlon Sportartikel GmbH & Co. KG (Decathlon Germany) recently announced that it would be adding the “hip (e-)city bikes” from Sushi Bikes maker Sushi Mobility GmbH to its portfolio, the bike-affine sporting goods giant is now also joining forces with the largest German e-bike refurbisher Rebike ...
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ArticleQ1 2024: Bike industry stock market and real economy are two different things
Since the turn of the year, the global stock market has only known one direction: up. It has thus completely disconnected itself from the real economy. Here, you can find out whether our selected bicycle stocks have also been able to make strong gains in Q1 of 2024 despite all the adversities.
