Shimano stolen data have been leaked online
Shimano suffered a ransomware attack earlier in November. Hackers from the LockBit group threatened at the time to publish 4.5 TB of confidential data unless the Japanese firm paid a ransom, as first reported by Escape Collective. Now, a vast trove of stolen Shimano data has been leaked online, according ...
ISPO Munich 2023: Back with lots of Zeitgeist (and more)
Our editors sum up the biggest themes, most important numbers, trends and pinch points on show at ISPO Munich 2023.
Decathlon becomes title sponsor and bike supplier of the AG2R La Mondiale team
Decathlon will be replacing Citroën as the title sponsor of the AG2R cycling team in the upcoming season. In addition, the French sporting goods retailer will supply bikes, glasses and helmets to the 28 riders of the team. These products, which the Decathlon teams will co-create with the riders, will ...
Hövding threatened by recall and permanent sales ban, defends itself vehemently
In view of the Swedish Consumer Protection Agency’s previous decision to temporarily stop the sale of Hövding in Sweden, the company has now submitted a final statement with extensive documentation which, together with expert opinions, proves the high safety standard of the head protection. According to Hövding, RISE (formerly Statens ...
Hövding opposes sales stop, provides evidence of product meeting safety requirements
After the Swedish Consumer Protection Agency temporarily halted the sale of the Hövding 3 bicycle airbag in Sweden at the beginning of November, the manufacturer has now submitted a final statement to the agency with extensive documentation confirming the high safety standard of the head protection and the tests that ...
Enve streamlines European distribution
Enve, part of Amer Sports since 2016, has announced an expansion of its partnership deal with Mohawk’s Cycle, its long-standing French distributor. Mohawk’s has now become the sole distribution partner for Enve throughout the European Union, except for Austria and Germany. Mohawk’s will manage inventory and distribution from Taverny in ...
Harley-Davidson’s e-bike offshoot Serial 1 changes hands
The e-bike supplier Serial 1 Cycle Company, founded by the iconic US motorcycle manufacturer Harley-Davidson in 2020, has been sold to LEV Manufacturing. This provider of light electric vehicles (LEV) focuses on US production “using processes from the free trade zone with a US certificate of origin.” The purchase price ...
Hartmobile applies for a temporary suspension of payments
The current tense situation in the bicycle industry has put another company in dire financial straits: Last week, Dutch e-bike provider Hartmobile B.V., the parent company of Dutch e-bike brand Qwic, filed for a suspension of payments in its homeland.
Traffic Distribution sets up its own bicycle wholesaler branch in the UK
German bicycle wholesaler and importer Traffic GmbH (Traffic Distribution) is expanding its activities in the UK, setting up its own branch with a warehouse and office in Hastings under the name Traffic UK.
New POC helmet certified for skiing, mountaineering, and cycling
POC has released its first helmet certified for skiing, mountaineering, and cycling. The Calyx is designed to be “the one helmet that will protect from the door to the summit.”
Ideal Bike posts further losses – will Q4 save the day?
After Taiwan’s third-largest bicycle manufacturer Ideal Bike Corporation slipped into negative numbers in H1 of FY 2023, the negative operating results and net losses have continued in Q3.
Giant Group reports further slump in sales and profit in the western markets
Back in August, Giant Manufacturing reported a sales high in China in Q2, which more or less made up for the slump in sales in Europe and North America. In Q3, this was no longer the case – both the consolidated sales and the profit dropped by double digits.
Merida’s sales and profit down double-digits in the first 9 months, but…
Taiwan’s second-largest bicycle manufacturer Merida Industry Co., Ltd., achieved total sales of TWD 22.53 billion (€651.44m) in the first three sales quarters of FY 2023. Compared to the first nine months of the previous year, this is a decrease of 14.6 percent.
Insolvent KSR Group to continue as a going concern
On Nov. 8, representatives of the creditors of the Austrian two-wheeler wholesaler and importer KSR Group GmbH, which slipped into insolvency on Sept. 6, 2023, met at the Krems District Court. Also on site: The appointed Restructuring Administrator Dr. Christoph Sauer from the law firm Riel Grohmann and the owners ...
Ortlieb’s anti-Black Friday action announced
Joining the list of outdoor brands rebelling against the consumerism and potential waste associated with Black Friday campaigns, Ortlieb has announced its very own anti-Black Friday action. The manufacturer of waterproof backpacks, panniers and travel bags is encouraging consumers to repair rather than rebuy.
Kask launches new website, goes multi-channel
On Nov. 8, Italian manufacturer Kask launched its new website with a new interface design and many new functions, including the brand’s first online store.
Inventory levels and sluggish consumption continue to weigh on hGears’ business
German precision gear and component manufacturer hGears AG has announced its figures for the first nine months of FY 2023. It generated consolidated revenue of €84.1 million in these first three sales quarters. This is 18.8 percent less compared to the same period of the previous year. The company said ...
Polartec announces Apex Award winners 2023
Polartec has announced the winners of the Polartec Apex Awards 2023. The annual design award recognizes brands and designers that embody Polartec’s Made To Go Beyond ethos. The winning garments – selected from hundreds of entries that improve the lives of those who wear them – embody the pinnacle of ...
Leatt with a positive outlook on the horizon despite weak Q3 results
The two-wheeler protective equipment supplier Leatt Corporation from Durbanville, South Africa, has suffered further heavy losses in the third quarter of the current financial year. Compared to Q3 of the previous year, total sales fell by 48 percent to US$12 million. The result for the first three sales quarters of ...
SSU: What has happened so far – and what may still come
In a joint statement, the two insolvency administrators appointed, Dr. Christian Gerloff from the Munich law firm Gerloff-Liebler Rechtsanwälte and Stefan Meyer from Ulm-based Pluta Rechtsanwalts GmbH, point out that the operational business of the two insolvent Signa Sports United (SSU) spin-offs Tennis-Point GmbH and Internetstores GmbH (alias Internetstores Group, ...