All articles by Jo Beckendorff – Page 5

  • Accell GroupCEO Ton Anbeek
    News briefs

    SSU appoints former Accell Group CEO to its board

    2023-07-18T12:12:00Z

    German, U.S.-listed cycling, outdoor and team sports e-commerce retailer Signa Sports United N.V. (SSU) has announced the appointment of former Accell Group CEO Anthonie “Ton” Anbeek to its board of directors. The appointment is effective April 1, 2024. Source: Accell Group Ton Anbeek With Anbeek, SSU said ...

  • VanMoof
    News briefs

    VanMoof is insolvent

    2023-07-18T11:22:00Z

    After granting VanMoof a temporary suspension of payments on July 13, Dutch insolvency file website FaillissementsDossier now reports that the Amsterdam District Court on July 17 lifted that very suspension via creditor protection proceedings for the Dutch DTC provider of e-commuter bicycles. As a consequence, the companies VanMoof Global Holding ...

  • Greenstorm Mobility_Aussenansicht3
    Article

    Greenstorm Mobility faces termination of operations

    2023-07-17T07:47:00Z

    On July 12, the Austrian e-mobility concept pioneer Greenstorm Mobility GmbH filed for insolvency. The Innsbruck regional court now has jurisdiction over the Kufstein-based company. Attorney Philip Paumgarten of the law firm Rechtsanwälte Waldbauer, Paumgarten, Naschberger und Partner was appointed as insolvency administrator. A once award-winning concept seems no longer ...

  • 400781-372226-370294-CQ0I1395-e0643c-large-1605535183-a9ea39-large-1607354483-ea6881-original-1630422894
    Article

    Creditor protection filing: VanMoof is granted payment suspension

    2023-07-14T10:46:00Z

    On July 13, Dutch Bankruptcy File (FaillissementsDossier) reported that the responsible district court in Amsterdam has officially granted VanMoof Global Holding B.V. a temporary suspension of payments. The Dutch DTC provider of e-commuter bicycles, reportedly struggling with financial constraints for some time, had filed a corresponding petition on July 12. ...

  • Rad Power Bikes2
    Article

    Rad Power Bikes withdraws from the European market

    2023-07-13T08:17:00Z

    On July 10, Rad Power Bikes Inc. announced on its European website that it would withdraw completely from Europe and focus entirely on North America in the future: “We are sad to say goodbye.” This is a radical shift in course for the largest US B2C e-bike provider. According to ...

  • Austria on Bike Logo
    Article

    B2B event “Austria on Bike” goes into second round

    2023-07-12T06:24:00Z

    After the successful premiere of ARGE Fahrrad’s (a subsidiary of the association of sporting goods manufacturers and sports equipment suppliers of Austria VSSÖ) testing and networking event Austria on Bike last year, the Austrian bicycle industry is again inviting retailers to the largest national bike region of Saalfelden Leogang in ...

  • SANTINI_SS23_Sleek Bengal_action
    News briefs

    Santini replaces Benelux distributor

    2023-07-06T09:27:00Z

    On July 5, Italian premium bikewear supplier Santini S.p.a. (Santini Cycling Wear) officially parted ways with its Benelux distributor RA-Company BVBA and appointed the Belgian sales agency ARW NV as its new partner for the three countries instead. “Santini has been transformed deeply in the last years, and we feel ...

  • 25354_istock1033960094_bike3_386462
    Article

    Q2 Bicycle Industry Stock Chart: Long-term outlook forecasts full recovery

    2023-07-04T08:21:00Z

    In the current economic environment, the stock market – regardless of the sector – continues to be on a rollercoaster ride. This also applies to the bicycle stocks monitored by The Outdoor Industry Compass.

  • Semapa Logo
    News briefs

    Semapa acquires bicycle aluminum frame builder Triangle’s

    2023-06-26T08:29:00Z

    Portuguese aluminum frame builder Triangle’s Cycling Equipments has been acquired by domestic conglomerate Sociedade de Investimento e Gestão (Semapa). The full acquisition was made by Aphelion, a wholly-owned subsidiary of the publicly traded conglomerate. Semapa has so far made a name for itself mainly with holdings in the cement, pulp ...

  • Markus Storck and Yang Yufeng signing the contract in Shanghai
    News briefs

    Storck goes China

    2023-06-12T15:17:00Z

    A distribution partnership between German premium bike supplier Storck Bicycle GmbH and China’s Golden Wheel Group (also known as Tianjin Golden Wheel Bicycle Group) was officially signed at this year’s China Cycle Show (May 5-8) in Shanghai. A key aspect of the cooperation is the distribution of Storck’s racing and ...

  • Qwic Mira Rahmen Made by VDL
    Article

    VDL Groep starts aluminum frame production in the Netherlands

    2023-06-12T07:41:00Z

    In addition to mobility company Pon Holdings B.V., which is already well established in the bicycle market with its Pon.Bike division, a second family-owned Dutch industrial group is now preparing to focus specifically on bicycles. On June 5, Eindhoven-based VDL Groep, which has close ties to the automotive industry, announced ...

  • Eurobike Investors Lounge engl
    Article

    Eurobike Investors Lounge enters second round

    2023-06-08T06:18:00Z

    Last year’s relocation of the Eurobike show from Friedrichshafen to the financial metropolis of Frankfurt am Main was also used by trade show organizer Fairnamic GmbH as an opportunity to arouse the interest of financial investors for the bicycle, sports and mobility industries. After all, the topic of sustainability has ...

  • P9217516
    Article

    Aspire Sports expands distribution of Cannondale and GT to more European countries

    2023-06-02T15:26:00Z

    Source: Aspire Sports Central and Eastern European countries served by Aspire Sports Czech wholesaler and importer Aspire Sports S.R.O. is expanding the distribution of U.S. premium bicycle brands Cannondale and GT Bicycles, which belong to Dutch mobility group Pon Holdings B.V. and its subsidiary Pon.Bike since early ...

  • Leatt Logo
    Article

    ​Leatt faces stark comparison with last year’s Q1 numbers

    2023-05-12T14:31:00Z

    Even as South African protective equipment maker Leatt Corporation chalked up last year’s record sales as the best in its history, in the second half of the year, supply chain issues, inflation, weak consumer demand and a strong US dollar had already led to high inventory levels and a decline ...

  • GiantStages Collage2
    News briefs

    ​Giant Group and Stages Cycling cancel minority share takeover negotiations

    2023-05-10T15:43:00Z

    At the beginning of the year, we reported on two ticker announcements from the Taiwan Stock Exchange (TWSE). Both concerned the listed bicycle producer Giant Manufacturing Company Ltd. (or Giant Group, including brands Cadex, Giant, Liv and Momentum). The first: That Giant Group had acquired a minority stake in US-based ...

  • Giant Group Logo
    Article

    Giant Q1: Overstock harming sales in the West

    2023-05-10T15:02:00Z

    Inventory reductions in the European and North American markets, as well as the higher year-on-year comparison base, have had a direct impact on the first quarter results of bicycle producer Giant Manufacturing Company Limited (Giant Group). The Taiwanese company had to swallow a 9.6 percent sales drop compared to the ...

  • Orbea 2023 - 1100 x 733
    Article

    Orbea posts seventh consecutive year of growth

    2023-05-09T15:19:00Z

    Without losing sight of its values and identity as a cooperative, Basque bike manufacturer Orbea S. Coop has become a leading and globally recognized bike supplier. As the company announced at its AGM on May 6, it now employs more than 1,000 people worldwide. 80 percent of them in its ...

  • benno-bikes
    News briefs

    Benno Bikes recruits former Bergamont co-founder

    2023-05-05T08:24:00Z

    Source: Benno Bikes Axel Kedenburg Benno Bikes founder and CEO Benno Baenziger has welcomed Axel “Akki” Kedenburg, another high-flyer of his generation, as European sales and marketing director for his Etility Design bike brand. In his new role, Kedenburg will be responsible for marketing, PR and dealer ...

  • puky_logo_4c
    News briefs

    One half of Puky’s managing director duo quits

    2023-05-03T11:21:00Z

    Source: Puky Britta Sieper and Mathias Heller Ever since Britta Sieper became a member of the management board of Puky GmbH & Co. KG at the end of 2021, Germany’s long-established children’s and youth bicycle supplier was run by a duo of managing directors. Now – after ...

  • Bike24
    Article

    High inventories and sluggish consumer climate lead to decline in sales at Bike24

    2023-05-03T10:15:00Z

    Even the good business performance of the localized online stores in the newly opened country markets of Spain, France and Italy, with an average increase in sales of 109 percent (compared to the prior-year period), could not really mask the business figures of the German cycling, running and swimming sports ...