All Bike & eBike articles – Page 50
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News briefsEndura’s tree planting project passes two-million mark in Africa, plants new forest in Scotland
Claiming to be still ahead of target, Endura has just reported new numbers of its One Million Trees project. By now, there were two million trees planted in a degraded mangrove forest in Mozambique, which is providing employment for the local community and helps offset the company’s carbon footprint. Additionally, ...
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News briefsDecathlon Germany unveils ambitious business plan, with cycling and outdoor as key pillars
According to its just-launched 2022 to 2026 business plan, Decathlon Germany aims to more than double its sales to a total of €2.5 billion by 2026. To achieve this, the company wants to transform itself from a specialist sports retailer to a holistic sporting goods platform, according to information from ...
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News briefsGOA launches nonprofit trade association for independent U.S. retailers
The Grassroots Outdoor Alliance has launched a new nonprofit trade association to share and collect data and support mid-sized, independent American outdoor retailers within the industry. The new Indie Outdoor group is open to all brands and organizations in the U.S. that serve the independent outdoor industry, including rep groups ...
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News briefsEY honors von Dewitz with Entrepreneur of the Year Award
EY Germany, part of the globally active audit and advisory group Ernst & Young Global Limited (EYG), has awarded Antje von Dewitz, CEO of German brand Vaude, with the EY Entrepreneur of the Year Award. The award was given out for the 25th time to the best owner-managed medium-sized companies ...
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ArticleYamaha and Hero Motors form joint venture for e-bike drive systems
Japanese Yamaha Motor Company has signed an agreement with Indian two-wheeler manufacturer Hero Motors for a new joint venture to manufacture e-bike drive systems in India. The company is expected to be established by the end of November, with Yamaha holding a 10 percent stake and Hero, the parent company ...
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ArticleGerman bicycle companies develop charter for a sustainable industry
For more than a year, a committee of six German bicycle companies developed an action plan for resource conservation, sustainability and climate protection around the products and services of the bicycle industry. At the end of October, 23 decision-makers adopted the “Bike Charta for Sustainable Business” at a meeting of ...
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ArticleLess growth for Giant Group in Q3
With strong global demand for bicycles and e-bikes, Taiwan-based bicycle manufacturer Giant Manufacturing Company Ltd reports that its global production facilities are fully loaded with orders, supporting the company’s revenue and profit growth. For the first three quarters of fiscal 2021, the company reported record sales of 61.94 billion Taiwan ...
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ArticleGoPro says Christmas sales won’t be hit by supply crisis after stellar Q3 results
Action camera maker GoPro said it did not expect Christmas sales to be hit by supply-chain constraints as it reported better-than-expected third-quarter results. The company posted a net profit of $311.8 million, up from $3.3 million a year ago. Revenue grew 13 percent to $317 million against GoPro’s own estimates ...
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ArticleDorel Sports Q3 revenues slip as supply-chain constraints bite
Dorel Industries said third-quarter revenue at its Dorel Sports segment fell slightly on supply-chain disruption and parts shortages, leading it to lower fourth-quarter expectations for the group as a whole. The company, which last month agreed to sell Dorel Sports to Pon Group for $810 million, said revenue at the ...
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ArticleVista Outdoor on target as Q3 earnings beat expectations
U.S.-based Vista Outdoor has reported better-than-expected third-quarter revenue, driven by growth in its shooting and outdoor segments as the recreation boom sparked by the Covid-19 pandemic shows no sign of slowing. Revenue for the three months to September 26 rose 35 percent to $778.5 million against forecasts of $723.3 million. ...
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News briefsAmpler E-Bikes raises €7.4 million to support expansion plans
Estonian DTC e-bike brand Ampler has closed a capital round led by investors Taavet Hinrikus and Sten Tamkivi of Taavet+Sten, with participation from other leading Estonian investors including Metaplanet, Ambient Sound Investments and Ragnar Sass. The total size of the equity investment was €7.4 million. The fast-growing e-bike company, founded ...
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News briefsAccell appoints Chief Supply Chain Officer
Accell Group has appointed Francesca Gamboni, currently SVP of Stellantis (the merger of the former PSA Group and Fiat Chrysler) in Paris, in charge of the global supply chain, to the position of chief supply chain officer, tackling what has become an important and complex issue in the bike sector ...
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News briefsDorel announces ruling by Luxembourg administrative court
Martin Schwartz, president and CEO of Dorel Industries Inc. of Montréal, Canada, expressed disappointment with the Luxembourg Administrative Court’s upholding on appeal of a previously announced ruling that one of wholly-owned subsidiaries of Dorel owes €54.6 million in taxes, including interest. As a result of the ruling, Dorel must pay ...
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News briefsBikeExchange creates chief customer officer position
BikeExchange Limited, an operator of a global online cycling marketplace, has appointed Rebecca Boxall as chief customer officer, a newly created position that completes the recruitment of its leadership team following the company’s IPO in February. Boxall, who is currently VP of e-commerce, marketing and customer experience at Canadian company ...
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News briefsBICO and Eurobike announce long-term partnership
One of the largest purchasing associations in the German bicycle industry, the dealer association Bike & Co (BICO), a service provider for more than 850 independent specialist dealers and more than 130 brand suppliers, is committing itself to the new Eurobike trade show from July 13 to 17, 2022, in ...
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News briefsHigg reports 70 percent growth in platform use and better assessment scores for users
In its 2021 impact report, technology platform Higg takes a look at its progress towards expanding into new industries and helping companies develop a holistic view of their environmental and social impact to decide smarter. Within the last two years, Higg started with tools to measure manufacturing ...
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News briefsCODI’s sports brands with strong Q3, Boa leading the pack
All four of Compass Diversified’s (CODI) outdoor and sports brands – 5.11, Boa Technology, Marucci Sports and Velocity Outdoor – posted positive sales results and improved Ebitda in the third quarter, with Boa, maker of the dial-based Boa Fit System system for footwear and other applications, showing the highest sales ...
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News briefsMichael Jakob hired as Deuter head of international sales
Source: Deuter Michael Jakob After leaving PrimaLoft in June 2020 after more than six years as VP of business development Europe, Michael Jakob – as the company has just officially announced – has taken over the position of head of international sales at Deuter in Gersthofen, Germany, ...
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ArticleMips posts solid growth in Q3 despite supply chain challenges
Swedish company Mips reports that its third quarter built on the very good growth seen earlier in the year. The specialist in “brain protection” helmet technology reported that net sales increased by 81 percent to 185 million Swedish kronor (€18.6m-$21.7m) compared to SEK 120 million in Q3 last year. Organic ...
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ArticleShimano’s bicycle segment up 30%, raises forecast
While reporting excellent figures for its third quarter ended Sept. 30, Shimano said it was expanding production capacity at its factories in Japan and overseas to respond to the growing global demand for its products, as Covid-19 outbreaks have disrupted both manufacturing and logistics everywhere. Bicycle dealers’ inventories are still ...
