All Mountainbiking articles – Page 14
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ArticleVista Outdoor net income dips 45% in Q3
Vista Outdoor, the group that owns 41 sporting and outdoor brands, saw its Q3 net income fall by 45 percent to $65.1 million from $118.1 million for the third quarter ending Dec. 25. Reported earnings before interest and taxes (EBIT) declined by 38.8 percent to $97.3 million. Earnings before interest, ...
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News briefsFox Factory partners with Society of Women Engineers
Fox Factory, the U.S.-based manufacturer of mountain bike suspension systems, is to partner with the Society of Women Engineers (SWE). The partnership is intended to facilitate access to Fox’s summer internship program, the recruitment of engineers and provide professional development for current employees. “I am thrilled that our company has ...
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News briefs6th Mountain Bike Congress in Saalbach Hinterglemm
Sustainability and infrastructure are the focal points of the 6th Mountain Bike Congress at the Tourism Office in Saalbach Hinterglemm, Austria, from Oct. 4 to 6. Spread over three days, participants are offered discussions, workshops, activities and lectures on mountain biking (all in German). A new feature this year is ...
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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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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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News briefsMTB Tourism Congress 2021 more international and digital-only
“Roots - exploring the trail ahead” - under this title, the organizer, Mountainbike Tourismusforum Deutschland, invites participants to the sixth German Mountain Bike Tourism Congress. This year, due to the Corona pandemic, it will open its doors digitally only from May 4-6. Apart from that, the organizer promises more international ...
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News briefs
Mips divides product offering into five classes for better diversification
To help brands and consumers select and diversify its products, Mips, the Swedish provider of the eponymous helmet safety technology, has introduced a new product range to better define its helmet safety products and classify them according to their intended use. All future Mips-equipped helmets will be branded with the ...
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News briefs
Dorel raises purchase price to go private
Cerberus Capital Management has agreed to pay 10.3 percent more than previously planned to acquire control of Dorel Industries – whose assets include major bicycle brands such as Cannondale, Schwinn, GT, Mongoose, Caloi and IronHorse – following exchanges and discussion with shareholders holding more than 50 percent of the group’s ...
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News briefsSyring to leave Thule, Dittmer takes over Central European sales
Thule Group announced on Jan. 29 that company veteran Wolfram Dittmer will assume sales responsibility for Central Europe as a result of the resignation of Thomas Syring, who led the Swedish brand’s Central European sales for the past four years. In total, Syring had been with the company for nearly ...
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News briefsDorel to appeal decision on retrospective tax payment in Europe
Montréal-based company Dorel Industries said it plans to appeal a decision that would force one of the company’s subsidiaries to pay €46.8 million in taxes plus interest in connection with the transfer of certain assets made in the context of an international corporate reorganization made in 2015. The decision was ...
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News briefs
Propain Bicycles hires global brand manager
Source: Propain Bicycles Volker Knaus Volker Knaus has joined the team at German niche custom brand Propain Bicycles as global brand manager on Jan. 1. After spending five years building and managing the European marketing and sales office of U.S. mountain and gravel bike supplier Pivot Cycles ...
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News briefs
Endura has planted 1.3 million trees in a year to offset emissions
Endura, a Scottish cycling apparel brand founded in 1993 and part of Pentland Brands since 2018, says it has now planted more than 1.3 million trees in Maputo Bay, Mozambique. That is 30 percent more than the original goal of the “One Million Trees” initiative announced in early 2020. With ...
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News briefsNew CSO at RTI Sports
Source: RTI Sports Peter Bretz Since the beginning of the year, Peter Bretz has been the new chief sales officer (CSO) at German bicycle parts and accessories wholesaler and importer RTI Sports. The experienced sales professional already worked as a sales representative for RTI Sports from 1993 ...
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News briefsAbus: Fifth family generation in key positions
August Bremicker Söhne KG – better known globally by its abbreviated name, Abus – is setting the course for the future. With Daniel Bremicker and Nicolas-David Bremicker, two great-great-grandsons of the company’s founder August Bremicker have taken on important management functions in the company for preventive security technology, which was ...
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ArticlePon sells stake in Accell
According to reports in various Dutch media, Pon Holdings B.V. sold its 20-percent corporate stake in competitor Accell Group N.V. at the end of last year. At the time of writing, no official comment was available from either Pon or Accell. In 2017, Pon Holdings, which is well-positioned in the ...
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News briefs
Karpos appoints Maximilian Hofbauer as new global sales manager
Manifattura Valcismon (MVC), the mother company of Sportful, Karpos, and Castelli, has appointed Maximilian Hofbauer as Karpos’ new global sales manager. Hofbauer, a German national, has previously worked for several outdoor brands – Schöffel, The North Face, Icebreaker, Bergzeit and Norrøna – where he held sales and other managerial functions. ...
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ArticleOpen letter from German Bicycle Industry Association against complete shutdown
In an open letter, the German Bicycle Industry Association (ZIV), the national lobby and service provider for the German and international bicycle industry, has written to the German government opposing a complete shutdown of the economy as a measure against the Corona pandemic. While ZIV fully recognizes the need for ...
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ArticleBritish Cycling saw extreme surge in popularity of biking in 2020
With figures released from The Active Lives Children and Young People survey showing that over 1.4 million more children took up the opportunity to cycle in 2020, British Cycling, the UCI-recognized national governing body for cycling, has described this as a “milestone” in its campaign to help young people lead ...
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News briefs
New international sales director at Protective
Source: Protective Jörg Kazubek Jörg Kazubek took over the position of international sales director at German cycling apparel brand Protective. Kazubek looks back on more than 30 years of experience in the industry as well as in sales. During his 14 years at Thaler Sports, he worked ...
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News briefsNew River Gorge becomes newest U.S. National Park
Source: West Virginia Tourism New River Gorge Rock Climbing The U.S. has a new national park: the New River Gorge in the state of West Virginia, about an hour’s drive from Charleston, is now considered the country’s 63rd national park, thanks to the latest Covid-19 stimulus package. ...
