Business

"Private ownership allows us to be more streamlined, more flexible, and quicker on our feet," explains the Kona owners in statement. - Photo Kona

Former founders bring Kona Bikes back to business

FERNDALE, Canada - Founders Dan Gerhard and Jake Heilbron have purchased Kona Bikes back from Kent Outdoors, along with a team of dedicated,...

Bike24 is forecasting sales growth of between 1-5% for 2024 as a whole. – Photo Bike 24

Online retailer Bike24 slowly returning to growth in 2024

DRESDEN, Germany - Encouragement can be found in German e-commerce bike, running and swimming sports retailer Bike24 Holding AG's first quarter...

Managing Directors Ralf (l.) and Willi Humpert (r.) received the certificate in person from Jörg Nolte (m.). – Photo Humpert

Wilhelm Humpert GmbH honored as hidden champion

WICKEDE, Germany - The bicycle industry knows many innovative companies which often remain hidden from the general public. In Germany, the South...

Orbea continues its strategy into 2024 with new product introductions in the urban mobility and light electric bike category. – Photo Orbea

Orbea reports 'strong progress' despite decrease in turnover

MALLABIA, Spain - The turbulent 2023 market conditions with instability, excess supply and widespread discounting among competitors that deteriorated...

Due to drastic market changes since early 2022, Kona, could not live up to the high expectations for Kent Outdoors. – Photo Kona Bicycles UK

Kona for sale as owner prefers not to wait for market recovery

PARK CITY, USA - Only two and a half year after the three founders sold Kona Bicycles to Kent Outdoors, the new owner has put the iconic Canadian...

Shimano reports that supply and demand adjustments continued, and market inventories remained high globally. – Photo Shimano

Shimano reports weak sales while outlook remains slow

OSAKA, Japan - Bicycle component manufacturer Shimano reports that demand for bicycles continued to be weak at the start of the year. In the first...

The headquarters of Trek’s new Southern European office has been established in Madrid and will be led by Olivier Pelous. – Photo Trek

Trek closes Italian subsidiary and reorganises Southern European...

BERGAMO, Italy - Trek has closed its Italian subsidiary and incorporated this market within the newly formed Trek South Europe. In a short press...

Export manager Michael Honkomp (r.) and sales manager Joep Stumpe want to take the brand into Europe. - Photos Bike Europe

Hercules outlines new export strategy to increase European market...

EMSTEK, Germany - Bicycle brand Hercules has built on a firm base on its home market Germany as well as some export, including a new head office and...

Haro aims to step up its activity in Europe again. – Photo Haro

Haro sets ambitious goals for European markets

SCHARMEDE, Germany - Known for pioneering the birth of the action sports movement in the early 80s, Haro Bikes is embarking on a new journey forward...

Besides strong brands such as Gazelle in the Netherlands performing well, Pon continued to explore new opportunities in 2023, such as the partnership with Volkswagen Financial services to expand opportunities in the bike leasing segment. – Photo Bike Europe

Pon declares 'robust' 2023 performance despite bike market correction

AMSTERDAM, The Netherlands - Following a historic year in 2022, the bike division of Pon Holdings has reported a 5% drop in 2023. Referring to the...