Smith promotes Rob Retzlaff to global VP of sales
The U.S. goggle and helmets brand Smith has promoted its long-term employee Rob Retzlaff to global vice president of sales.
Spoon Group raises £740,000
Spoon Group, the bespoke bike company that owns the WyndyMilla and Spoons Customs brands as well as custom paint shop Gun Control Paint, has closed a financing round worth £740,000 (€845,575). A private round that brought in nearly £300,000 in new investment was followed by funding from long-term debt partner ...
Adidas to sell new breast cancer awareness items
For Breast Cancer Awareness Month, in October, Adidas will be introducing an extended breast cancer awareness collection, with running, hiking and mountain biking footwear and apparel in the Terrex and Five Ten collections. According to a company release, the collection’s focus on functional outdoor footwear and apparel is in keeping ...
Paul Lange management expands with third-generation family member
Stuttgart-based bicycle wholesaler and importer Paul Lange & Co OHG has filled the newly created position of chief strategy officer (CSO) with Paul-César Lange, who will be responsible for strategic direction in his new role with immediate effect. He will ensure that the company is prepared for all current global ...
Portugal’s two-wheeler export volume grows 38 percent in the first 7 months
According to the Portuguese Bicycle Industry Association ABIMOTA, Portugal has achieved a production growth of 38 percent in the first seven months of the current year 2022 (and compared to the same period in 2021). These figures, which have also been confirmed by the European Union’s statistical office Eurostat, make ...
6th 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 ...
Pierer Industrie AG acquires majority stake in Syntace
Austrian-based Pierer Industrie AG has acquired an unnamed majority stake in renowned German bicycle component manufacturer Syntace GmbH. No details of the purchase price were disclosed. Syntace develops and produces a wide range of high-quality lightweight products from wheels to hubs, handlebars, seat posts and pedals. The high-quality MTB niche ...
Mips predicts temporarily weaker bicycle market than expected
After two years of bicycle-related sales records, the listed Thule Group AB already spoke of an imminent temporarily reduced bicycle-related sales volume that will affect sales and profitability in the coming months (OIC reported). Now Mips AB, also from Sweden, is following suit: The Brain Protection System (BPS) manufacturer, also ...
Decathlon Spain receives Bike Territory seal for promotion of cycling
On Sep. 9, the Spanish Royal Cycling Federation (RFEC) – part of the Ministry of Transport, Mobility and Urban Agenda – bestowed its Bike Territory seal on Decathlon Spain, according to Diffusion Sport. Decathlon is the first company to receive the seal, which recognizes the promotion of cycling, to customers ...
Thule expects impact on its bicycle business from reduced orders
In a webcast meeting with Magnus Welander, CEO and president of the Thule Group, the company informed about the current market situation just before the company’s Q3 report 2022, which is scheduled for Oct. 26. In its half-year report on July 21, the company described the general market situation in ...
Riese & Müller with new management structure and first-time management board
Almost 30 years ago, Markus Riese and Heiko Müller, then students, founded the bicycle company Riese & Müller GmbH (R&M). Since then, the German business has grown from a folding bike start-up to a global player in the e-bike market and today employs over 900 people and generates annual sales ...
Bike chain Multicycle launches in Austria
Shortly before opening its 31st store in its home market of Germany, German bicycle chain Multicycle Fahrrad-Handels GmbH & Co. KG announced plans to expand to Austria. So far, the company, known primarily as a Cube store operator, had only announced plans to open four more stores (Frankfurt West, Reutlingen, ...
Festibike’s successful comeback after the pandemic
The latest edition of Festibike, Spain’s national bicycle fair, showcased 200 exhibiting brands and welcomed more than 34,000 visitors in Madrid on Sep. 9-11. It was the event’s comeback after the pandemic. The organizers described the show as “an absolute success” for the brands. The 21st edition of the fair ...
Swedish e-bike manufacturer EcoRide brings production home
Due to its growth course and imposed EU anti-dumping duties on e-bikes from China, e-bike supplier Nordic Group EcoRide AB moved its production from China to Poland in 2018 – still under the old company name ProNordic Group. Now the Swedish company is moving production again, from Poland to Sweden ...
Bosch eBike Systems expands IBD service portfolio in Europe
German e-bike drivetrain maker Bosch eBike Systems is strategically expanding its service portfolio for independent bicycle dealers in Europe. In addition to launching training courses in five additional countries (Ireland, Croatia, Luxembourg, Poland and Slovenia), the company has created a new partner portal that allows e-bike dealers to stay up ...
Pon Holdings continues to invest in the automotive and bicycle mobility segments
After the parent company of Pon Bike Group (PBG), Pon Holdings B.V., on June 1 became a minority shareholder in German car dealer Adelbert Moll GmbH & Co. KG (better known as Moll Group) for an undisclosed amount, the Dutch retail and services giant has now acquired the DTC bicycle ...
Girona gearing up for this month’s Sea Otter Europe
More than 3,000 have signed up for this year’s Sea Otter Europe, scheduled for Sep. 23-25 in Girona, Spain, and more than 8,000 entries have been downloaded, reports CMDsport. According to the organizers, the forthcoming (sixth) edition boasts “the broadest, most varied and most spectacular sports program” in the festival’s ...
Vaude boosts Scandinavian bike market
Vaude has a new distribution structure since Sep. 1 for the Scandinavian bike market in collaboration with the Danish company Bikers Best, supplying Vaude cycling products to specialist retailers in Denmark, Sweden, Finland and Norway. Bikers Best is managed in the third generation by Kim Egedeso. It acts as a ...
BikeExchange reports higher revenue and loss, lower costs
In its 2021/22 annual report, publicly traded online bicycle marketplace BikeExchange Limited makes no secret of the fact that it has been on a rigorous restructuring course over the past 12 months. Nevertheless, total revenue increased 47.4 percent compared to the previous fiscal year 2020/21 (which also ended June 30) ...
Vaude opens outlet store in Switzerland
On Aug. 23, Switzerland’s first Vaude outlet store opened at the Landquart Fashion Outlet, a shopping center with more than 160 designer, sports, outdoor and lifestyle brands. The new outlet store offers functional and sustainable products for mountain and cycling enthusiasts from Vaude’s previous year and sample collections at -30 ...