Jan-Willem van Schaik

HEERENVEEN, the Netherlands - Accell Group's 2022 financial report is a remarkable indication of the huge change in the industry from shortage to oversupply. In the second half of 2022 the value of the inventory hiked by 70% to €936 million. Pre-pandemic this value hovered between €300 million and €350 million.

NEW DELHI, India - The long-term business connection with Bachtenkirch-Interbike based in Möhnesee, Germany gave Indian Hero Ecotech a head-start on the European market. This relationship however, is not exclusive and Hero Ecotech works with multiple partners in Europe. The company is still open for new joint ventures at any time.

AMSTERDAM, the Netherlands - Irish e-bike delivery fleet provider Moby has taken over the customers of Mechs BV which was started only recently. Mechs took on the rental and maintenance of delivery vehicles after the restart of e-bike delivery fleet provider GreenMo. Now Mechs has also been declared bankrupt.

LUDHIANA, India - The construction of an export-oriented facility on the outskirts of Ludhiana gave Avon Cycles an excellent opportunity to take its output to EU standards. The 55 thousand square meter factory is fully compliant to European standards as Avon Cycles CEO Onkar Singh Pahwa highlighted at Eurobike.

GENUA, Italy - The total revenue of the Italian bicycle and component manufacturers increased by 10% reaching the threshold of € 2 billion in 2022. The increase in turnover went hand in hand with the increase in profitability reports the Italian Banca Ifas in their third annual edition of 'Bicycle Ecosystem'.

PARIS, France - Leon Cycle reports that company owner Lijun Ding has been released last on 10 July. The investigation is on-ongoing but no longer required his detention decided the European Public Prosecutor.

POZZOLEONE, Italy - He became a well-known face in the industry in the past 25 years representing Selle Royal. Recently Steve Carr stepped down by mutual consent.

AMSTELVEEN, the Netherlands - A new study reveals big changes of the buying behavior of European customers at the IBD. In the Netherlands and Belgium only 20% of the people change their mind during the sales process. These percentages are much higher in Italy (27%), France (31%) and Germany (34%).

MUNICH, Germany - The bi-annual leading industry conference World Cycling Forum has been postponed to a later date. This was announced by organizer WFSGI (World Federation of the Sporting Goods Industry).

GIVISIEZ, Switzerland - With a recent ruling of the UK Intellectual Property Office the case between the owners of the name of AC/DC's lead singer Bon Scott and Scott Sports SA the legal dispute has come to an end. Scott Sports had filed the case in 2020/2021 with regard to the application of the trademark for clothing items and sunglasses.