All Bike & eBike articles – Page 61
-
News briefsSwiss sports market stable in 2020; online in Q1 2021 outperforms previous year
According to GfK market research, the Swiss sporting goods market ended 2020 with a stable result, thanks to a sales rally in the last two months of the year. However, there is a significant gap between the different sectors: the overall winners in 2020 were fitness, outdoor, running, stand-up paddling ...
-
News briefsStorck Bicycle and Cycling Friends take off in South Africa
Together with South African cycling tour operator Cycling Friends, German premium bicycle supplier Storck Bicycle opened the Storck Studio Cycling Friends in April. The man behind the tour operator (www.cycling-friends.com) is Stefan Lohwasser, the father of Storck Bicycle’s managing director, Dr. Todor Lohwasser. Stefan Lohwasser joined Storck as a shareholder ...
-
ArticleShimano continues to perform well in Q1
Both Shimano’s bicycle components and fishing tackle divisions benefited from the ongoing Covid-19 crisis in the first quarter of its fiscal 2021. Overall, Shimano’s quarterly sales – compared to the first three months of last year – grew 64.4 percent to 126.43 billion yen (€961.6m-$1.2bn). Operating income was ¥32.57 billion ...
-
News briefsVittoria Group expands management team
Source: Vittoria Group Vanessa ten Hoff Italian bicycle tire manufacturer Vittoria Group welcomes Vanessa ten Hoff as chief innovation officer to its leadership team. Ten Hoff joins with more than 18 years of experience in the household appliances industry in various international senior leadership roles, covering product ...
-
ArticleMavic Group 2021 overview includes clear roadmap for the future
After last year’s insolvency of French bicycle component manufacturer Mavic SAS and its acquisition by Bourrelier Group, things remained quiet at first, at least on the surface. Now, at the unveiling of its latest product line on April 24, the newly formed Mavic Group gave a closer look at its ...
-
News briefsBoards & More acquires SQlab
Boards & More Group, which owns the bike apparel and accessories brand ION, has acquired SQlab, a specialist in ergonomic bike accessories, effective March 31. Both parties agreed to keep the purchase price confidential. While SQlab founder Tobias Hild will remain on board as managing director, his wife, co-founder and ...
-
ArticleKTM Fahrrad announces several strategic investments
Austria’s leading bicycle manufacturer, KTM Fahrrad, is considered one of the European pedelec pioneers and the largest location for electric mobility in its home country. For this purpose, the domestic market leader now even self-generates electricity. To ensure high product quality under the “Made in Austria” seal, all investments are ...
-
News briefsThule’s momentum continues through Q1
Everything is going well for Swedish Thule Group. In an interim report, it published sales for the first quarter that soared by 45.5 percent from the year-ago quarter to 2,538 million Swedish kronor (€250.7m-$301.6m) or by 56.0 percent in constant currencies. Net income jumped to SEK 447 million (€44.2m-$53.1m), from ...
-
News briefs
WeSports acquires D2C bike brand Rawbike
WeSports, a Stockholm-based group of individual sports, outdoor and mobility companies that operates online as well as physical stores and product brands, has completed the acquisition of Rawbike Scandinavia AB, a Swedish micro-mobility pioneer. The acquisition further strengthens WeSports’ presence within the e-mobility segment and will support Rawbike in its’ ...
-
ArticleWeSports acquires Nordic Outdoor & Sports Group
WeSports AB, a Stockholm-based group of individual sports, outdoor and mobility companies that operates online as well as physical stores and product brands, and GOB Invest, also based in Stockholm, have acquired Nordic Outdoor & Sports Group AB (Nordic OSG), a leading Scandinavian outdoor, climbing and snow sports retail group. ...
-
News briefs
Spanninga expands management with second group director
Source: Spanninga Paul de Haan To support the management of the more than century-old Spanninga brand, the Dutch supplier of bicycle lighting and accessories has appointed industry newcomer Paul de Haan as its new group director. He will work side-by-side with Spanninga owner and group director Feike ...
-
News briefsPolish investor acquires majority stake in 7Anna Group
On April 19, Polish private equity firm Resource Partners announced the signing of an investment agreement with 7Anna Group. Upon completion, Resource will hold an unspecified majority stake in the bicycle company. With the new investor, 7Anna’s founders will continue their current management roles and independently pursue the expansion of ...
-
News briefs
Virtual Spezi 2021 confirmed, physical show moved to 2022
While show organizer Hardy Siebecke and his team have confirmed the dates for virtual Spezi 2021, the second virtual international specialty bike show from “Spezi - die Spezialradmesse,” this year’s 25th-anniversary physical show has been canceled. Although already postponed to Sept. 18-19, the German event organizer regretfully announced the cancellation ...
-
News briefsMips with redesigned, consumer-centric brand website
Mips, the Swedish provider of the eponymous helmet safety technology, has unveiled a completely redesigned website aimed at making “helmet safety more transparent and easily understandable to everyday people.” The brand’s latest evolution goes far beyond simple cosmetic changes, with language and design focused on maximizing consumer benefits. The website ...
-
News briefsSport Import brings Verde Bikes back to Europe
Verde, the iconic BMX brand founded in 2007, is celebrating a European comeback. For its new start, the U.S. brand is relying on the BMX competence of German bicycle wholesaler and importer Sport Import. In the BMX heydays, Verde made its name also in Europe. With the waning of the ...
-
ArticleChinese e-mobility specialist Yadea announces global expansion course
At an international press conference in mid-April, Chinese e-two-wheeler giant Yadea Technology Group Co., Ltd. unveiled its product mix with which it plans to make a global splash in the future. Under the slogan “Electrify your life,” the first e-scooters and e-bikes were added to the global portfolio presented at ...
-
ArticleTwo new RTE bike factories, new target groups
In addition to the foundation of RTE Poland, previously communicated in our sister publication SGI Europe, the bicycle manufacturer RTE is also expanding its activities at its headquarters in Portugal. A new e-bike factory is already in the final stages. The new factory, which will operate under the company name ...
-
News briefsMaier Sports and Gonso support local retailers with Outtra services
Germany’s Maier Sports GmbH, owner of the Maier Sports and Gonso brands and in turn part of the outdoor division of the Schwan-Stabilo group, is going live with the “Where-to-buy local” and „Shop Window” tools from software specialist Outtra. In view of the current business situation, the project, which had ...
-
News briefsBike&Co continues to restructure under new management
Source: Bike&Co Volker Diehl After successful years and a comprehensive reorganization of the company, the management of the German bicycle purchasing association, Bike&Co, has announced some changes. After managing director Olaf Heinen left the association “by mutual agreement,” the appointment of several long-serving employees to the management ...
-
News briefs
Sportler targets cycling enthusiasts with new Italian store
Sportler has opened its first dedicated bike store, building on cycling’s success story during the Covid-19 pandemic. The new 1,500-square-meter store, opened on April 9, is located in Mandella, near Peschiera del Garda, in the Italian province of Verona. In addition to products from leading bicycle brands, the store will ...
