Latest News & Analysis – Page 152
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ArticleGlobal bicycle stocks Q1 2021: The soaring continues
While most of the existing problems caused by the Corona crisis have yet to be resolved, the global stock market is relying on hopes — hopes for a bright post-Corona future. Instead of going into crisis mode, it is simply bypassing all the economic killers that are piling up. Supported by further stimulus packages and the open money floodgates of central banks, the stock market remains high. Our cycling stock chartists are ahead of the curve. They rely on another serious advantage: the bicycle and e-bike sales boom pushed by Corona led to excellent business figures last year. These were announced in the first quarter of this year. Some of the record results were a good impetus for the development of the share value in Q1 2021.
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ArticleTaiwan’s 2020 exports: It’s all about e-bikes
How did Taiwan’s valuable bicycle and e-bike unit and value exports master challenging 2020 - the so-called “Corona Year One”? Export statistics published by the Taiwan Bicycle Association (TBA) provide detailed information.
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ArticleLifeStraw receives B Corp certification
LifeStraw, a water filtration and purification specialist for outdoor sports and recreation, has received B Corp Certification. In conjunction with the announcement, the company released its 2020 CSR report, outlining social and environmental impact responsibility milestones for 2020 and ambitious goals for 2021. “LifeStraw has always been a brand founded ...
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ArticleInvestor acquires majority stake in Elastic Interface maker Cytech
With an initial investment from its private equity fund PM&Partners III Fund, Italian private equity firm PM&Partners SGR has joined Cytech (aka Cyctech Group aka Cypad Group) as a majority shareholder. The investor intends to support the group in its ambitious development plans. The management team, which will continue to ...
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ArticleFenix Outdoor unveils its 2021 goals
Fenix Outdoor International had a tough year in 2020 due to the pandemic and its store closures, with sales falling by 7.3 percent to €563.0 million. The operating margin (Ebit) contracted by 3.1 percentage points to 10.9 percent. Net profit declined by 44.6 percent to €33.9 million. But in its ...
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ArticleThule sets new sustainability targets
Thule Group achieved better-than-expected results in 2020 by riding the strong global bike trend that started in June. Sales rose by 11.2 percent from the previous year to 7,828 million Swedish kronor (€777.1m-$942.7m) or 13.1 percent in constant currencies. In its annual report, the Swedish company attributed these results to ...
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ArticleAnta reportedly quits Better Cotton Initiative to continue sourcing cotton from Xinjiang
According to several media reports, Anta Sports has announced it is exiting the Better Cotton Initiative (BCI) to continue sourcing cotton from Xinjiang despite concerns about forced labor. Asics reportedly confirmed on Chinese social media that it also plans to continue sourcing cotton from Xinjiang. Both companies had only joined ...
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ArticleZweirad Union unveils production plan for Sangerhausen factory
Following the takeover of insolvent German bicycle manufacturer Sachsenring Bike Manufaktur in mid-February, the new owner, the German Zweirad Union E-Mobility und Produktion, has now communicated the first roadmap and outlines for future market-oriented bicycle production in the Sangerhausen plant. Behind the newly founded Zweirad Union E-Mobility stands an unnamed ...
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ArticleGiant Group sets further sales and profit records in 2020
For fiscal 2020, Taiwan’s largest bicycle manufacturer, Giant Group, reports total sales of New Taiwan Dollars 70.01 billion (€2.08bn-$2.45bn). This is an increase of 10.3 percent compared to the previous year. Rising global demand for both traditional and e-bikes also led to record profits. At TWD 4.95 billion (€147.29m-$173.43m), profit ...
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ArticleMTB cycletech manufacturer Velobaze calls it quits
On March 25, partners, dealers and suppliers of Swiss MTB Cycletech producer Velobaze received the news that the manufacturer’s business operations “will be discontinued with immediate effect due to the current economic situation.” According to the Velobaze board of directors, this step had to be taken despite significant financial investment ...
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ArticleSwiss referendum in June on new CO2 law
On June 13, the Swiss people will vote on the new CO2 Act. The legislation provides for a halving of CO2 emissions by 2030 compared to 1990. In addition, Switzerland is pursuing the goal of being climate-neutral by 2050. To achieve this, 75 percent of the reduction measures are to ...
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ArticleEuropean carbon bike frame factory opened in Portugal
Together with German carbon forge All Ahead Composites as a technology partner and Taiwanese supplier Art Collection Corporation as a design partner, the Portuguese companies Ciclo Fapril, Miranda Bike Parts and Rodi Rims & Wheels have established a European carbon frame factory under the name Carbon Team. In 2016, these ...
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ArticleFila lifts Anta’s results while Amer posts losses
Anta Sports Products has released generally good results for the full year, despite the impact of the pandemic. Fueled by the continued progress of Fila’s joint venture for the Chinese market, the group’s total revenues rose by 4.7 percent to 35,512 million yuan renminbi (€4.59bn-$5.43bn), bouncing back from a difficult ...
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ArticleEurope’s patchwork of Corona regulations
Daily changes to local Corona safety regulations for retail stores make it difficult to stay on top of things as the pandemic situation heats up again in most European countries. Here is an overview (as of March 25, subject to change and with regional variations) of the status of non-essential ...
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ArticleEuropean Outdoor Summit and OutDoor by ISPO merge in 2021
The European Outdoor Group (EOG) has confirmed that this year’s European Outdoor Summit (EOS) will be combined with the OutDoor by ISPO Global Summit Edition from Oct. 5-7 to create one major European outdoor industry event. This year’s EOS was originally to be hosted by Outdoor Sports Valley (OSV) in ...
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ArticleShimano launches centennial website and announces executive changes
Shimano is celebrating its 100th anniversary this year with a new centennial website and photobook, which look back at the company’s product and technology achievements. Founded in 1921 by Shozaburo Shimano, the company has now grown to employ more than 11,000 people. The centennial website features photos and videos of ...
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ArticleBSI calls on German government to revise Supply Chain Act
In a public statement, the German Sporting Goods Industry Association (BSI) criticizes the German government’s draft law on due diligence (we reported earlier), which has just cleared the first legislative hurdles. The bill aims to force companies to comply with human rights in their supply chain. It targets the textile, ...
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ArticleLiv Cycling unveils second global brand campaign “Liv Committed”
Liv Cycling, the company dedicated to getting more women on bikes, has launched the second part of its global brand campaign, “Liv Committed.” The campaign primarily celebrates the resilience shown by the cycling community over the past year. The campaign hero film was created with inspiration directly from the Liv ...
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ArticleRip Curl still an engine of growth for Kathmandu
Rip Curl continues to support the performance of Kathmandu Holdings. Acquired in October 2019, it allowed the Australian group to improve its revenues for the six months ended on Jan. 31, 2021, as it did before. The group’s total revenues progressed by 12.9 percent from the year-ago period to 410.7 ...
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ArticleDTC e-bike brand VanMoof heralds global stationary service expansion
As part of its core global strategy, flourishing DTC e-bike supplier VanMoof announces plans to expand its local presence from eight to 50 cities over the next six months. With this move, the Dutch company aims to strengthen its position “as an e-bike leader” in the field of urban mobility. ...
