All Bike & eBike articles – Page 13
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ArticleZIV: German bicycle industry defies consumer climate
The German Bicycle Industry Association (ZIV - Die Fahrradindustrie) presented its market data for 2023. Contrary to expectations and the generally negative consumer climate, both bicycle production and bicycle sales once again reached a very high level in 2023 – comparable to the Covid-related bicycle boom year of 2020. Overall, ...
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News briefsLeatt generates higher DTC sales in down year
Leatt, the South African developer and marketer of protective equipment for extreme and high-velocity sports, experienced the first indicators of a recovery in certain segments in Q4 despite 2023 being a challenging year for the cycling and motorcycle industries. The final period net loss was $1.46 million versus a ...
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News briefsGiant suffers double-digit decline in sales, profit in 2023
Taiwanese Giant Manufacturing group blamed the falloff on weak demand for entry- and mid-level bikes in Europe and North America and high inventory levels in the global market. The group did point out that there remains a “strong demand” for performance products in Europe and North America and that the ...
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News briefsTaipei Cycle 2024 focused on sustainability
The latest edition of Taipei Cycle, which ran on March 6-9, attracted 23,000 visitors. International buyers primarily came from Japan, China (including Hong Kong), the US, South Korea and Singapore. The trade show focused on four key themes that reflected the industry’s commitment to sustainability: Micro Mobility, Green Action, Startup ...
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News briefsMaap opens first European LaB store
Maap, a Melbourne-based cycling apparel brand, has finally opened its new Maap LaB in Amsterdam, which the brand had announced last summer. It is the brand’s first retail concept store outside of Australia. “LaB” stands for Life Around Bikes, an inclusive concept “at the intersection of contemporary creative culture and ...
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News briefsBourrelier Group appoints Managing Director for Mavic
Source: Mavic Alberto Morgando After working with Jean-Michel Bourrelier for more than five months, Alberto Morgando officially took over the position of Mavic Managing Director on Feb. 20. According to the two Bourrelier Group SA directors Yoann and Jean-Michel Bourrelier, the appointment “marks a continuation in the ...
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News briefsJack Wolfskin presents first styles with recycled outer materials
When the textile industry talks about recycled materials, it usually refers to synthetic fiber yarns made from recycled plastic bottles. Jack Wolfskin also uses recycled polyester. However, the German outdoor company also wants to create a genuine circular system and has been working on producing new, functional items of clothing ...
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News briefsKenda Europe with new Bicycle Sales Director
Source: Kenda Alexander Mai Kenda, one of the world’s oldest and largest bicycle tire manufacturers with distribution networks, manufacturing and R&D teams both inside and outside of Europe, has appointed Alexander Mai as the new Bicycle Sales Director for Europe, effective March 18. This strategic addition to ...
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ArticleAmbitious Spanish cycling app gets an update
In its quest to become the one-stop shop in cycling platforms, All in Biking is releasing an update of its app that CEO José Julio Becerril believes will make it “the world’s most complete and versatile” for cyclists and hopes will raise its usership to 1 million, according to CMDsport. ...
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News briefsFrasers Group revives Wiggle in strategic acquisition deal
Frasers Group, the parent company of Sports Direct, has made a strategic move with the acquisition of online bike retailer Wiggle and saved the company from insolvency following the collapse of Signa Sports United (SSU). The acquisition expands Frasers Group’s already diverse portfolio of cycle brands, which includes Evans Cycles ...
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ArticleVista Outdoor receives takeover bid of $2.9bn for entire group
Vista Outdoor unveiled it has received an offer of $35 per share in cash from the investment firm MNC Capital on Feb. 19, 2024, corresponding to a valuation of $2.9 billion including debt. The offer was made for the entire group, i.e., both the Outdoor business, soon to be listed ...
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ArticleNorwegian investor acquires Cake after bankruptcy
Espen Digernes, a Norwegian investor and CEO of Brages Bilforretning AS, a Toyota and Lexus dealership in Ålesund and Kristiansund, Norway, has acquired Cake, according to Swedish newspaper Breakit. The Swedish manufacturer of electric motorcycles had to file for bankruptcy in early February after the exit of a major investor ...
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ArticleMyStromer reports sustainable growth in 2023
Despite the major hurdles that the bicycle industry had to overcome last year – overstock, liquidity bottlenecks, etc. – bicycle supplier MyStromer AG was able to score points. Without disclosing detailed sales figures, the Swiss manufacturer of the Stromer and Desiknio brands closed FY2023 with consolidated sales growth of 10 ...
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ArticleMyStromer moves Desiknio Bikes production to Poland
This year, Desiknio Bikes, the Spanish sister brand of S-pedelec brand Stromer under the roof of Swiss MyStromer AG, is taking off with a new production partner. Since January, all Desiknio models have been painted and assembled by the Polish manufacturer Kross S.A. in Przasnysz, 110 kilometers north of Warsaw. ...
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ArticleThule’s sustainability targets confirmed
The Science Based Targets initiative (SBTi) promotes ambitious climate protection measures in the private sector by allowing companies to set science-based targets for reducing greenhouse gas emissions. Thule Group’s targets for Net-zero have now been approved by the organization. This is an important endorsement of the company’s sustainability ambitions. In ...
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ArticleFox Factory’s SSG sales drop weighs on the overall result for FY23
While Fox Factory’s former Powered Vehicle Division (split in Q2 2023 into the Powered Vehicle Group (PVG) and Aftermarket Applications Group (AAG)) scored with sales growth, the Specialty Sports Group (SSG), which operates the bicycle product brands Easton Cycling, Fox Suspension, Marzocchi and Race Face, ended up with a two-digit ...
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News briefsFairnamic sets date for Eurobike 2025
The 32nd edition of Eurobike will take place on the grounds of Messe Frankfurt on July 3-7, 2024. Even before its start, Fairnamic announced the date of the following (33rd) edition of the trade show, which will be held on June 25-29, 2025, in Frankfurt. Eurobike 2025 is being brought ...
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News briefsBMC tests short-time work during weak market conditions
Several brands from Central Europe have been struggling after the pandemic. BMC is the latest, as the Swiss bicycle market is also facing hard times. Due to the drop in demand, the company has applied to the Canton of Solothurn’s office for economic and labor affairs for short-time work as ...
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News briefsKú Cycle seeks to raise €200,000 via crowdfunding campaign
Triathlon bike specialist Kú Cycle seeks to raise €200,000 via a crowdfunding campaign on Crowdcube. At the time of writing, the company has raised €142,000. Customers are offered a pre-purchase bike fit and build-to-order business model. The company has a granted patent for the Fork Air Stream Technology (FAST), which ...
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ArticleGarmin reports strong Q4 results, guides to 10 percent revenue growth in FY24
Fueled by double-digit gains in both net sales and operating income, Garmin reported strong Q4 results and offered guidance on FY24, where it sees total sales improving by 10 percent to $5.75 billion but overall gross margin contracting by 100 basis points to 56.5 percent. In Q4 ended Dec. ...
