All Bike & eBike articles – Page 47
-
News briefsMessingschlager acquires long-standing U.S. partner Cycle Force Group
Effective Dec. 31, 2021, Europe’s leading bicycle accessories importer, Messingschlager GmbH & Co. KG, has acquired its long-standing U.S. partner Cycle Force Group, LLC. No information was given about the transaction price. Cycle Force Group and its distribution subsidiary North America Cycles have worked with the German importer for over ...
-
ArticleNYSE newcomer SSU increases sales despite supply bottlenecks for bikes, but falls short of expectations
Signa Sports United (SSU), the world’s leading sports e-tailer whose shares began trading on the New York Stock Exchange on Dec. 15, reported a 10 percent increase in total sales to €247 million for the fourth quarter of its fiscal year ending Sept. 30, 2021, despite supply shortages for bicycles. ...
-
News briefsFormer Jordan Brand GM to become CEO of Canyon Bicycles
On March 1, bike industry newcomer Nicolas de Ros Wallace will join German DTC company Canyon Bicycles GmbH as its new CEO. He replaces CFO Winfried Rapp, who has served as interim CEO since October 2021 following the departure of Armin Landgraf. Rapp will continue to be a member of ...
-
ArticlePon.Bike invests in third European production facility in Lithuania
While Dutch mobility company Pon Holdings B.V. is still maintaining a low profile, the Lithuanian investment promotion agency Invest Lithuania announced on Jan. 24 that Pon.Bike – the bicycle division of Pon – will open a new production facility in the 320-acre Free Economic Zone (FEZ) of Kėdainiai, 50 kilometers ...
-
News briefsBike24 launches online shops in Italy and France
As part of its international expansion, Bike24, a Germany-based e-commerce bike platform listed on the stock exchange since mid-2021, has launched country-specific webshops in France and Italy, two major European cycling nations. “These new shops give our customers a shopping experience tailored to them without any language barriers,” said Andrés ...
-
ArticleU.S. investor to buy Accell Group
The bicycle industry continues to boom and is therefore increasingly targeted by investors. Dutch Accell Group N.V. and a consortium led by U.S. financial investor KKR (Kohlberg Kravis Roberts), which includes Accell’s major shareholder Teslin, announced today that a conditional agreement has been reached for a recommended public offer by ...
-
ArticleSelle Royal Group plans to list on the Milan Stock Exchange
Another bicycle company appears to be preparing its initial public offering. According to various media reports in Italy, bicycle saddle and component manufacturer Selle Royal S.p.A. (also known as Selle Royal Group) has announced plans to aim for the Milan Stock Exchange. According to international news agency Reuters, the holding ...
-
News briefsWFSGI appoints new head of cycling
Source: WFSGI Michelle Smyth The World Federation of Sporting Goods Industries (WFSGI) welcomes Michelle Smyth as its new Head of Cycling. She replaces Mark Barfield, who has held the role, previously called “Head of Bicycle,” since 2018. WFSGI renamed the position as it better describes Smyth’s new ...
-
News briefsSRAM Group expands portfolio with acquisition of Hammerhead
The U.S. bicycle component manufacturer SRAM Group has purchased another brand, the bicycle computer manufacturer Hammerhead, which will remain an independent brand in the group’s portfolio. The transaction was already completed on Dec. 30, 2021, but has only now been officially announced. No details were given about the sales price. ...
-
ArticleKent Outdoors acquires Kona Bicycles
Since its beginnings just over 34 years ago, Vancouver, B.C.-based bicycle manufacturer Kona Bicycles says it has “evolved from a small business in the Pacific Northwest to a far-reaching global brand.” On Jan. 19, the Canadian company announced that it has joined U.S.-based Kent Outdoors (formerly Kent Watersports) “to compete ...
-
News briefsThe winners of the French Outdoor Awards 2022
Source: OSV Gignoux Mountain, winner of the FOA Innovation Award 2022 The jury of experts appointed by the French trade association Outdoor Sports Valley (OSV) announced the four winners of the French Outdoor Awards (FOA) 2022 on Jan. 15 in Chamonix. While the competition is open to ...
-
News briefsUSWE hires product manager for softgoods
Swedish company USWE Sports AB, which was founded in 2007 and went public on the Nasdaq First North Growth Market in June 2021, has hired Erica Brodin as its new product manager softgoods for the USWE and Void brands. She has 15 years of product development experience with brands such ...
-
ArticleJack Wolfskin with strategic repositioning aimed at global expansion, customer centricity and sustainability
Jack Wolfskin, the German manufacturer of outdoor apparel and equipment that has been part of U.S.-based golf outfitter Callaway Golf Company since January 2019, has unveiled a new strategic brand reset with its fall/winter 2022 collection. The central elements of this are the new claim “We Live to Discover,” as ...
-
ArticleGreen awareness provides greater tailwind for bike stocks in 2021
2021 had it all: on the one hand, more lockdowns, virus variants, inflation, zero or negative interest rates, supply bottlenecks, political crises, trade and other wars, etc. On the other hand, 2021 experienced a world stock market that trudged steadily upward. This also gave our 2021 cycling stock some major ...
-
ArticleOutdoor and bike industry stocks rose by 3.0% in Q4
Our quarterly analysis of the outdoor stock market shows a 3.0 percent sequential increase in the average stock prices of 32 public companies primarily involved in the outdoor and bicycle sectors between Sept. 30 and Dec. 31, 2021. This came after increases for most of the same companies of 18.9 ...
-
ArticlePierer Mobility records strongest growth with e-bikes
According to Austrian two-wheeler specialist Pierer Mobility AG, the 2021 financial year shone with new records – so much that the board raised its sales forecast even before the publication of the preliminary key data for 2021 on Feb. 1. Previously, the publicly listed company had communicated a sales forecast ...
-
News briefsEurobike 2022 will be a showcase for future mobility
The concept expansion of Eurobike 2022, which will be held in Frankfurt for the first time, and the explicit integration of the topics of future mobility and urban mobility are bearing fruit: The organizers are already reporting a record number of registrations seven months before the show. In close cooperation ...
-
News briefsTradeinn records another strong increase in annual sales
Spanish e-tailer Tradeinn enjoyed a stellar year in 2020. The results for 2021 surprised even its CEO, David Martín, as he confessed to CMDsport. The effects of the pandemic produced a 52 percent increase in annual sales to €288 million for 2020, which was followed by a further 31 percent ...
-
News briefsANWR Group’s exit from Bico has no impact on Swiss Bike Profi
The exit of ANWR Group as a minority shareholder from the German bicycle trade organization Bico Zweirad Marketing GmbH has no impact on the Swiss bicycle trade organization Bike Profi. Bike Profi operates under the umbrella of ANWR-Garant Swiss AG. ANWR-Garant Swiss AG has already been operating in the bicycle ...
-
News briefsSKS Germany with record sales in 2021
For German bicycle accessories manufacturer SKS Metaplast Scheffer-Klute GmbH (SKS Germany), 2021 was a special year: the company not only celebrated its 100th anniversary but also achieved record sales of around €87 million. In total, the company sold 1.2 million air pumps, 4.5 million permanently mounted and 2 million clip-on ...
