VW’s financial service takes a stake in Pon’s bike leasing subsidiary
On Sept. 4, the Volkswagen Group announced in a side sentence at a press conference (much of which was about cars and less about bikes) at the IAA Mobility press day in Munich that it planned to enter the bike leasing business. Pon Holdings B.V., a company familiar with the ...
KSR Group files for court-supervised restructuring proceedings
Austrian two-wheeler wholesaler and importer KSR Group announced on Sept. 6 that it will file for court-ordered restructuring proceedings. Due to increased energy prices, high inflation and the loss of customers’ purchasing power, the economic situation has changed drastically over the past year in the markets served by the family-owned ...
Thule opens pop-up in Taipei with Hong Kong artist Shawn Yue
In late August, Thule announced the opening of its pop-up store in Taipei’s vibrant Xinyi District. It is located in A13, Far East Departure Store, a prime department store in Taiwan, similar to Galerie Layette in Paris. The temporary store opened on Aug. 25 and will operate until Sept. 17, ...
Pierer reports strong H1 sales and revenue, PTWs offset bicycle sales
Pierer Mobility AG achieved record sales of EUR 1.39 million in the first six months of the year (+20.2 percent compared to the first half of the prior year). This result is mainly due to the excellent development of the PTW (Power Two-Wheelers = motorcycles and e-bikes) business.
Brompton starts partnership with Komoot, Bear Grylls
Brompton, the UK’s largest bike manufacturer, is partnering with navigation and activity planning app Komoot. This partnership is across Europe and coincides with the previously announced launch of the Brompton x Bear Grylls Collection. The bike, which will be available in stores from Sept. 13, 2023, represents exploration in the ...
New Strava tool encourages eco-friendly transportation
Strava, the subscription platform for connected fitness, has introduced a product update focusing on carbon savings. Users who tag their activities as “commute” on Strava can follow up their estimated carbon savings when commuting by walking, cycling, running or e-biking instead of commuting by car or motorbike. The company hopes ...
USWE defies the challenges in Q1
USWE Sports AB, the parent company of USWE, Void Cycling and Giant Loop, has published its interim report for the first quarter ended June 30, 2023, showing growth and profit despite the difficult business environment.
Micromobility.com considers acquisition of VanMoof
New York-based Micromobility.com Inc., a pioneer in sustainable transportation and micromobility services, has made a non-binding offer to acquire Dutch e-bike company VanMoof, which was reported as insolvent two weeks ago.
Fox Factory releases Sustainability Report 2022 with targets for 2030
Stock-listed chassis and suspension expert Fox Factory Holding Corp. released its 2022 global sustainability report. It is not only highlighting today’s company’s strategy and achievements but also introducing the next stage of its sustainability journey by setting 2030 aspirations for positive impacts across its operations and communities.
Second Eurobike in Frankfurt meets expectations
The second Eurobike since its move from Friedrichshafen to Frankfurt boasted a top mark of more than 1,900 exhibiting companies, plus 34,750 trade visitors and 31,840 consumers over the weekend (2022: 33,780 Business Days and 27,370 Festival Days). Not least because of these figures, the 31st edition of the show ...
Winners of the Eurobike Awards 2023
This year’s Eurobike Awards 2023 honored 45 products and projects in nine categories. The highest award, “Gold,” was presented nine times. The focus was particularly on innovations designed to make cycling easier and safer. A large number of significant improvements to existing components testify to the existing desire among consumers ...
Start of Eurobike 2023: Global bicycle industry remains optimistic
After moving from one high to the next during and right after the pandemic, the bicycle industry recently returned to a more normal pace. But at the opening of Eurobike 2023, the bicycle industry – represented by international experts at the official business press conference – is highly optimistic in ...
UK Outdoor Industry Award finalists announced
The finalists for the 2023 UK Outdoor Industry Awards were announced on June 14 in a presentation at the 2023 Outdoor Trade Show Social. All award finalists, including products from Silva, Berghaus, Ortlieb, Petzl, Edelrid, Montane, Picture Organic, Exped, Gruezi Bag, Goal Zero and TentBox, can be viewed on the ...
Eurobike Investors Lounge enters second round
Last year’s relocation of the Eurobike show from Friedrichshafen to the financial metropolis of Frankfurt am Main was also used by trade show organizer Fairnamic GmbH as an opportunity to arouse the interest of financial investors for the bicycle, sports and mobility industries. After all, the topic of sustainability has ...
USWE reports ongoing consumer demand in Q3 despite challenging macroeconomic conditions
Despite challenging macroeconomic conditions, Swedish company USWE Sports AB’s net sales increased 27 percent in the third quarter (ending December 31, 2022). During the quarter, direct-to-consumer sales performed strongly, with demand for the group’s USWE, Giant Loop and Void brands increasing and online sales growing. However, distribution channels are still ...
Thule opens retail space at NK in Stockholm
Thule has opened a store at the NK (Nordiska Kompaniet) department store in Stockholm, its third store in Sweden. The 55-sqm retail space is located on the third floor of the department store. “We are very proud to now be present at NK, which is an icon in Sweden. It ...
Cake enters India
Swedish lightweight electric motorcycle manufacturer Cake has announced its partnership with Pepfuels, a company funded by ONGC (Oil and Natural Gas Corporation Limited, a natural gas and petroleum company from India headquartered in Dehradun), marking the company’s entry into the Indian market. This collaboration follows Cake’s successful Asian expansion with ...
Fox Factory hires first chief accounting officer
Brendan Enick has joined Fox Factory Holding Corp. as its first chief accounting officer. Enick has more than 16 years of experience in the accounting industry and has held positions ranging from audit and financial reporting to corporate finance, most recently as vice president, corporate controller at Carter’s, Inc. He ...
Thule delivers improved Ebit margin despite lower sales
Thule Group, bolstered by Summer 2022 price increases, lower freight costs and reduced selling expenses, generated a 17.2 percent Ebit margin in Q1 ended March 31, despite a 26.6 percent drop in net sales to 2,226 million Swedish kroner (€198.8m) compared to SEK 3,034 million. Period operating income declined by ...
Pon Holdings cracks €10 billion in 2022
For the first time in the history of the family-run mobility company, Pon Holdings B.V. cracked the €10 billion sales mark last year. The Dutch company attributes this to the growth boom in sales of e-cars, e-bikes and e-equipment. The Pon.Bike division (brands Cervélo, Focus, Gazelle, Kalkhoff, Santa Cruz, Union, ...