Larry Enterline retires from Fox Factory
As reported earlier, Larry L. Enterline, who has been at the helm of bicycle and other on/off-road specialty vehicle suspension specialist Fox Factory Holding Corp. for nearly a decade, will retire on April 2. The board has now appointed the current lead independent director and audit committee chairman, Dudley Mendenhall, ...
Cairngorm Capital invests in Whyte Bikes
London-based investment firm Cairngorm Capital Partners LLP has announced its strategic partnership and investment in bicycle supplier Whyte Bikes Limited. The unspecified cash injection is intended to accelerate the growth of the St. Leonard on Sea, West Sussex-based bicycle and e-bike supplier.
Bamboo producer buys 31.8% of Merida Italia
Forever Bambù, a company active in the cultivation of giant bamboo through biodynamic and symbiotic agriculture, has acquired 31.8 percent of Merida Italia, the Italian branch of Taiwan’s Merida Corporation. The transaction was carried out as part of a €2 million capital increase, of which €750,000 were signed by Forever ...
Olympic champion Callum Skinner launches rear-vision cycling glasses
Callum Skinner, the British former track cyclist and Olympic medalist, is launching special sunglasses that allow cyclists to see also behind them. The glasses were invented by physicist Alexander Macdonald, developed with Skinner and designed by Bob Henderson, an award-winning optical engineer, after raising more than £100,000 (€115,35-$139,25) via a ...
Bafang invests in subsidiary for battery pack production in Suzhou
China’s e-bike powerhouse Bafang Electric has just invested in a new subsidiary in its hometown of Suzhou to ensure timely delivery and compatibility of battery packs with Bafang’s products. As a result, the company’s board of directors has decided to establish its third wholly-owned subsidiary, Bafang New Energy (Suzhou) Co. ...
Record quarter for Fox
Fox Factory Holding Corp., which manufactures performance-defining ride dynamics products primarily for bicycles, on-road and off-road vehicles and trucks, achieved record fourth-quarter sales, rising by 41.2 percent to $262.4 million.
Möve Bikes files for insolvency, search for investors in full swing
German bike manufacturer Möve Bikes filed for insolvency on Feb. 5. Attorney Marcello Di Stefano of the Erfurt-based law firm Diligens Rechtsanwälte & Insolvenzverwalter was appointed as provisional insolvency administrator. Business operations are currently continuing, and employees’ salaries have been secured through the advance financing of insolvency benefits. According to ...
Merger of two Danish bicycle retailers
Design Cykler, a Danish bicycle retailer based in Skive, Jutland, with eight physical stores in major cities, and Cykelpartner.dk are merging to form DCCP Group A/S. Kenneth Mortensen, the newly appointed director of DCCP, said in a press release, “It takes two to tango, and we’ve wanted to merge the ...
Hartje and Mavic cooperate in Benelux and Denmark
Effective March 1, German bicycle wholesaler and importer Hermann Hartje KG will distribute the French brand Mavic in Benelux and Denmark. In Germany, Mavic S.A.S. currently still distributes its products with its own team. Both partners have a long history: Hartje has been around since 1895, Mavic since 1889.
Ampler Bikes continues to expand after doubling sales in 2020
After doubling its sales last year, young B2C e-bike company Ampler Bikes is looking to simultaneously expand into other national markets this year while maintaining a high growth rate in Germany (currently the company’s most important market). For 2021, the Estonians have their sights set on Switzerland and the Netherlands. ...
SRAM buys Time Sport’s pedal business from Rossignol Group
After having already announced that it had sold the carbon frame and fork production, including the RTM Composite factory of its subsidiary Time Sport International to the French-American investment and management group Cardinal Cycling Group, the French Groupe Rossignol is now also parting with the Time pedal division. The buyer ...
Volkswagen enters bicycle leasing and financing business
On February 18, Volkswagen Financial Services, a wholly-owned subsidiary of German automaker Volkswagen (VW), announced an expansion of its broad range of mobility services to include leasing and financing of bicycles and e-bikes. The new business will be generated through VW Volkswagen Financial Services’ investment in Digital Mobility Leasing (26 ...
Cycling airbag brand Hövding records growth in 2020 despite pandemic
Swedish company Hövding, maker of an airbag collar for cyclists, reported that the number of units sold in 2020 increased by 35 percent and sales also increased by 35 percent compared to 2019. In the company’s year-end report, Hövding’s CEO Fredrik Carling stated that in Sweden, Denmark and Germany alone, ...
Niche e-bike brand Nox Cycles launches crowdfunding campaign
German-Austrian bike brand Nox Cycles, which set its course towards e-bikes in 2015 and founded Nox Cycles Austria GmbH based in Zillertal two years later, is currently attracting attention. Last year saw the launch of the construction of “Fort Nox”, a state-of-the-art, sustainable and resource-saving administration and production building with ...
U.S. open-air outdoor trade show to debut in August in Park City
The first edition of The Big Gear Show (BGS), the first open-air outdoor trade show in the U.S., will be held in the mountain resort town of Park City, Utah, with the support of the Utah state government. The organizers of this new show, which is a year late because ...
Ortlieb strengthens its management team
Ortlieb, the brand known for its waterproof bike and outdoor equipment made in Germany, has expanded its management team. Managing directors Hartmut Ortlieb and Jürgen Siegwarth were joined by former sales manager Martin Esslinger on Feb. 1. Esslinger has been with the company since 2016 and has gradually taken on ...
Bike helmet brand Catlike acquired by Polisport
Portugal’s Polisport Group, a global leader in children’s bicycle seats, specializing in the bicycle and off-road motorcycle accessories product world with a total of seven companies and nine brands, has acquired Spanish bicycle helmet and accessories brand Catlike. With Catlike, Polisport aims to strengthen its portfolio with another brand in ...
Gore Wear focuses more on cycling; streamlines wholesale business
Gore Wear, the W.L. Gore & Associates apparel label previously known for its functional apparel for cycling, running and cross-country skiing, has unveiled a new wholesale approach and a more focused product portfolio. In a press release for the North American market, the brand announced that it will refocus its ...
Garmin’s outdoor and fitness sales surge
Robust demand for advanced wearables and cycling products helped Garmin post record results for the fourth quarter of 2020. The company headquartered in Schaffhausen, Switzerland, with operational headquarters in Olathe, Kansas, which also makes equipment for the aviation and automotive industries, reported that its total sales rose by 23 percent ...
POC launches first bike helmet with independent, self-powered light source
More than a year after Swedish companies POC and Exeger unveiled a technology and idea to develop, design and manufacture a helmet with self-powered lighting at the Rouleur Classic in London, POC has now unveiled the Omne Eternal bicycle helmet. Designed to increase cyclist safety on the road, the Omne ...