All Bike & eBike articles – Page 48
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News briefsChange of leadership at Chris Sports
Christian Bättig, owner and founder of Chris Sports AG, a Swiss general importer for numerous outdoor and bike brands, has handed over the reins of management to the company’s previous chief financial officer, Andreas Guglielmo, effective Jan. 1. Guglielmo has been with Chris Sports for more than 12 years. Bättig ...
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News briefsMaloja founders to hand over to new management
According to German business newspaper Handelsblatt, the founders of German brand Maloja, Klaus Haas and Peter Räuber, are planning to resign from their current leadership positions to hand over to a new management team. Eighteen years after the brand was founded, Haas and Räuber want a younger generation to take ...
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News briefsEmployees take over U.S. cycling apparel brand Kitsbow
Kitsbow, a U.S. manufacturer of bicycle apparel and accessories, was purchased by its employees with the support of a group of North Carolina-based investors on Jan. 3 after ten years of private ownership. Effective immediately, employees will own a majority of the stock of Kitsbow Apparel, PBC, which is organized ...
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ArticleSport 2000 parent ANWR Group exits as shareholder of Bico
At the end of 2021, German bicycle purchasing group Bico Zweirad Marketing GmbH took over the 25.1 percent stake held by ANWR Group e.G. by mutual agreement. As a result, the ANWR Group – a community of independent retailers that is, among other things, the 100-percent parent company of the ...
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News briefsDT Swiss takes over brake specialist Trickstuff
Effective Jan. 1, 2022, Swiss bicycle components manufacturer DT Swiss AG will fully acquire German bicycle brake specialist Trickstuff GmbH. No details were provided on the sale price. Trickstuff has made a name for itself primarily with high-end performance products - particularly disc brakes. The driving force is owner and ...
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News briefsNew CEO at Hövding
Sofia Svensson has been appointed the new CEO of Swedish company Hövding, maker of an airbag collar for cyclists. After more than ten years as CEO, Fredrik Carling will leave his position, and Svensson will take over in the first half of 2022. Source: Hövding Sofia Svensson ...
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News briefsMIPS moves up to Nasdaq Stockholm’s Large Cap segment
Following Nasdaq’s annual review of the market capitalization of listed companies, Mips AB, which scores with its innovative helmet technology BPS (stands for “Brain Protection System”), is moving up from the Mid Cap to the Large Cap segment of Nasdaq Stockholm. The move will be effective January 3, 2022. “I ...
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News briefsDiekmann resigns CEO post, joins Rose Bikes advisory board
In November, in addition to his role as managing partner of DTC bicycle manufacturer and retailer Rose Bikes, it was announced that Marcus Diekmann would also assume the position of second managing director at International Brands Company KG (IBC) starting in 2022. Now Rose Bikes announced that Diekmann will join ...
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News briefsSigna Sports United goes public
Signa Sports United (SSU) completed its previously announced merger with Yucaipa Acquisition Corporation on Dec. 14, following approval by Yucaipa shareholders at a special meeting on Dec. 13. The combined company will operate under the name Signa Sports United and its common stock will begin trading on the New York ...
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News briefsProtective with new showroom in Munich
German brand Protective, managed by Regensburg-based R&D Protective GmbH, has moved into a showroom at Munich’s MOC event and order center. Just in time for the pre-order start of the 2022/23 fall/winter collection, Protective is presenting its bikewear and the new Nordic line, which is celebrating its pre-order premiere, on ...
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ArticleExcellent financial year enables Accell to repay government Covid credit facility
Based on its sales and profit growth in 2021, Netherlands-based Accell Group N.V. will fully repay its “Go-C” facility issued during the Covid-19 pandemic before the end of the year. In this context, the Dutch company has also converted its existing revolving credit facility (“RCF”) from seasonal to full-year availability. ...
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News briefsKapsul Tech renames neck protector, goes B2B to close gap in body armor
Canadian company Kapsul Tech has just restarted as a brand, now distributing and promoting its neck protection device Kapsul also as an ingredient brand. The company is promoting awareness for the neck as a vulnerable and poorly protected body part in sports, especially within younger athletes who still have underdeveloped ...
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News briefsBianchi builds new headquarter and production facility
Source: Studio Da Re The CEO of Bianchi, Fabrizio Scalzotto (center), with the Councilman for Economic Development of the Lombardia Region, Guido Guidesi (left), and the Mayor of Treviglio, Juri Fabio Imeri (right) Bianchi has unveiled its plans to build a new high-tech headquarters and production facility. ...
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ArticleReduced VAT on bicycles and e-bikes soon possible in the EU
On Dec. 7, the Council of the EU reached an agreement on updated rules for VAT rates. Under the new rules, member states will be able to apply reduced VAT rates to the supply, rental and repair of bicycles - “including electric bicycles.” Conebi, the European umbrella organization for national ...
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News briefsASG Group sells U.S. bike brand Ellsworth to RP Designs
In May 2018, the brand’s previous South African importer, ASG Group, had acquired California-based Ellsworth Cycling from BST Nano Carbon and incorporated it into its ASG North America subsidiary. Company founder Tony Ellsworth had then left “his baby” mid/end of 2018. However, ASG was apparently not entirely satisfied with the ...
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News briefsDual sports hydration system with built-in antimicrobial protection from Biomaster
Source: Mix Innovations Ltd. M:X® Dual Hydration System Polygiene’s subsidiary Addmaster has collaborated with Scottish company Mix Innovations Ltd. to develop a new hydration system that allows runners, cyclists and hikers to switch between pure water and flavored sports drinks as needed. The M:X® Dual Hydration System’s ...
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ArticleDespite serious bottlenecks, Taiwan’s bicycle and e-bike production grows at double-digit rate
Compared to other countries, the island nation of Taiwan has come through the pandemic in the best possible way. Thanks to safety measures taken in good time this is certainly also related to the experience gained with the SARS virus several years ago. Regarding this year’s situation in Taiwan, Astro ...
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News briefsDeuter and manufacturer Vina Duke win sustainability award for global partnership
The fourth edition of the Global Business Partnerships Award (part of the German Sustainability Awards) went to German brand Deuter and its Vietnamese partner company Vina Duke. The jury honored the 30-year old corporate partnership between the two companies as outstanding in the industry. Based in Ho Chi Minh City, ...
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ArticleIntersport Austria enhances service, prepares for second consecutive winter without tourism
At the press conference marking the start of the 2022 winter season, Intersport Austria looked to the future with cautious optimism. On the first weekend of the advent season, the retail group recorded a digital run on all winter sports articles: alpine skis, touring skis, snowshoes, bobsleds and sleds were ...
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ArticleVisitor numbers for EICMA 2021 at pre-pandemic level despite restrictions
The enthusiasm and confidence for the international two-wheeler exhibition EICMA seem unbroken. With a total of 342,644 visitors, the 78th edition of the show, which took place from Nov. 25 to 28 at the Fiera Milano in Rho, had reached the capacity limit permitted by current law. Although EICMA traditionally ...
