All Bike & eBike articles – Page 45
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ArticleLeatt ends 2021 with record sales and record profits
It’s not by coincidence that the South African provider of protective gear and accessory products, Leatt Corp., which trades over-the-counter in the U.S., was by far the biggest performer on the 2021 OIC bicycle stock list. Leatt shares were up a whopping 312.2 percent on Jan. 1, 2022 (compared to ...
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ArticleSSU invests in bike subscription service Buzzbike
Signa Sports United (SSU) has invested in U.K.-based bike subscription service Buzzbike as part of its expansion strategy. The deal will enable the London-based startup to expand into European and U.S. cities. Buzzbike offers a flexible monthly membership package that includes a premium city bike, lock, on-demand maintenance, theft protection, ...
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News briefsSRAM gives apparel a try, acquires Velocio
Chicago-based bicycle component manufacturer SRAM has made its first foray into clothing with the acquisition of 9-year-old cycling apparel brand Velocio from New Hampshire. The two companies have worked closely together in the past, and Velocio was looking for a strategic buyer that could offer more independent product design and ...
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News briefsFidlock unveils concept sneaker with Fidlock Winch system
On March 10, Fidlock, the German company specializing in innovative magnetic fasteners, unveiled a brand new Concept Sneaker with the innovative Fidlock Winch closure/adjustment system. The sneaker, an athletic shoe with the new Winch closure, will not be available to the public, but serve as a showcase for potential collaborations. ...
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News briefsNew department and personnel changes at Ortlieb
Following the completed leadership change with the promotion of Martin Esslinger to CEO, additional corporate and personnel changes have been made at the German manufacturer of waterproof bicycle and outdoor equipment, Ortlieb Sportartikel GmbH. Heike Borchardt, who worked for Ortlieb for seven years until 2019, returned to the company in ...
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News briefsUWHK opens European headquarters primarily for its IBD brands
To boost the expansion of its independent bicycle dealer brands Niner Bikes and Vaast Bikes in Europe, United Wheels Hong Kong Ltd. (UWHK) has appointed Duncan McCann as IBD sales manager. At the same time, European headquarters for the two brands were opened in Ampthill (a small town in Bedfordshire, ...
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News briefsFirst cycling shoes with integrated Recco reflector
Swiss cycling shoe manufacturer Suplest has added Recco rescue reflectors to its product line. The integrated, lightweight and durable Recco reflector makes the wearer detectable by professional rescue teams. Thanks to Recco’s SAR helicopter detector system, the rescuers can quickly locate lost or injured cyclists even in remote and challenging ...
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News briefs
Halfords wants to enter second-hand bike business
According to Retail Gazette, the U.K.’s largest retailer of automotive and cycling products and services, Halfords, has announced plans to sell second-hand bicycles in an effort to enter this increasingly lucrative market. The retailer is offering customers up to £250 (€300) for their used bikes, the report said. Late last ...
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ArticleStorck Bicycle more than doubles its sales in 2021
Without providing specific figures, German premium bicycle supplier Storck Bicycle GmbH closed its 2021 fiscal year with a record growth of 117.5 percent. The biggest sales driver was the company’s own online store. Here, order volume climbed by almost 300 percent, according to the company. However, Storck’s sales growth in ...
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News briefs
First full-distance Ironman event in the Middle East to be held in Israel
The Ironman Group is adding to its 2022 Ironman global race calendar the Ironman Middle East Championship triathlon in Tiberias, Israel. Scheduled to take place on Nov. 25, 2022, it will be the first full-distance Ironman event in the Middle East. The event will take place around the historic Sea ...
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ArticleSSU grows by only 10.6% as bike supply issues persist
Signa Sports United (SSU), which continues to be hampered by supply chain issues within its full-bike segment, grew first-quarter revenues by 10.6 percent to €213 million due to strong sales gains within its tennis (+43 percent) and outdoor equipment (+20 percent) segments. Excluding sales of full bikes, first-quarter revenues climbed ...
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ArticleRossignol Bikes celebrates global launch of completely new product range
After a rapid restructuring period at Groupe Rossignol SA that included the sale of bicycle product suppliers Time and Felt Bicycles, the French winter sports giant is now focusing entirely on its own Rossignol Bikes brand, founded in 2017, within the bike segment. On March 1, the French company announced ...
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ArticleBrompton plans new headquarters and factory in Kent
According to information on Ashford City Council’s website, local folding bike company Brompton Bicycle Ltd. has submitted a development request for a new corporate headquarters facility, including a new factory, in the city of Kent in southeastern England. On Feb. 24, the proposals for the new factory were approved in ...
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News briefsSiegwarth hands over operational management of Ortlieb
After four years, Jürgen Siegwarth has handed over the reins of Ortlieb Sportartikel GmbH to Martin Esslinger at the end of February. The realignment of the German manufacturer of outdoor equipment, which was initiated by company founder and managing partner Hartmut Ortlieb in 2017, was decisively shaped by Siegwarth during ...
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ArticleUSWE reports net sales growth of 119% in Q3
Swedish USWE Sports AB, founded in 2007 and listed on the Nasdaq First North Growth Market since June 2021, reported net sales of SEK 23.3 million (€2.19m) for its third quarter (ended Dec. 31, 2021), up 119 percent from SEK 10.7 million (€1.01m) in the year-ago period. Operating income before ...
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ArticleCompass Diversified foresees slower growth in 2022, postpones 5.11 IPO
Compass Diversified (CoDi), citing supply chain and inflationary issues and lower year-over-year demand for products within its Velocity Outdoor rifle, crossbow and ammunition business, is forecasting a temporary slowdown in its 2022 growth rate that will likely be lower than its long-term growth rate target. Also, the Connecticut-based company, whose ...
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News briefsFox Factory easily passes $1 billion sales mark in 2021
Despite Covid-related production outages at some OEM customers, suspension specialist Fox Factory Holding Corp. posted a 45.9 percent increase in sales in fiscal 2021 to $1.299 billion (€1.15bn). Bicycle products alone accounted for 44.6 percent of total sales. With these good sales figures under its belt, the U.S. company also ...
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News briefsEurobike 2022 with new key visual and claim for premiere in Frankfurt
Eurobike, the global trade show for the bike business, which will premiere at its new location in Frankfurt from July 13 to 17, 2022, is reinventing itself in terms of content, visuals, and communication. At its new location, Eurobike aims to be both a traditional trade show and a trend-setting ...
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News briefsKitsbow to refocus on core business; discontinues PPE production
North Carolina-based Kitsbow Cycling Apparel announced it will cease production of personal protective equipment (three-layer face masks and face shields) on Feb. 28 to focus on apparel manufacturing. At the start of the pandemic, in March 2020, Kitsbow switched its operations to manufacturing face masks, first for medical professionals and ...
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News briefsThe Microfibre Consortium invests in research and networking HR
Source: The Microfibre Consortium Dr Kelly Sheridan, head of research at The Microfibre Consortium Following the launch of the Microfibre 2030 commitment last year (which seeks a more active role for members and proactive, cross-industry work), The Microfibre Consortium (TMC) has expanded its team, adding three new ...
