Jan-Willem van Schaik

NOTTINGHAM, UK - John Macnaughtan spent 48 years at Raleigh and Sturmey-Archer which put him in the center of the global bicycle industry until he retired in late 2012. In his recently published memoirs he gives a little inside in this fascinating area when the industry saw a decisive transformation.

BREMBATE, Italy - To fund its investments in capacity and innovation in both Thailand and Italy, Vittoria owners WISE Equite and Vittoria's management entered an innovative financing operation. They issued a 5-million-euro bond with a duration of 6 years which is initially fully subscribed by UniCredit.

OTTOBRUNN, Germany - To speed up their e-bike business, Porsche and Pon Holdings' investment vehicle Ponooc founded two joint ventures. "We see great potential for Porsche in e-bikes. This is why we are consistently expanding our activities in this area," says Lutz Meschke, Deputy Chairman of the Executive Board of Porsche AG.

FRANKFURT, Germany - The three Indian companies Amar Wheels, Hartex Rubber and Navyug Namdhari presented themselves in a joint booth at Eurobike this year. Following their successful cooperation at Eurobike 2019, the three companies decides to step up their joint presence this year.

KOBLENZ, Germany - LRMR Ventures of global icon LeBron James and Maverick Carter, together with SC Holders announced a strategic equity investment in Canyon Bicycles GmbH. Canyon reports they will work with LRMR and SC to increase engagement in the US and in the e-bike category, elevate global brand awareness and deliver the best online shopping experience.kst...

MILAN, Italy - A fully integrated and almost invisible front suspension fork has been developed by HiRide, a company that is part of the same incubator e-Novia Group as Bluebrake. As integration in road-bike proved to be difficult in the market, HiRide made an successful switch to the gravel bike category.

OSAKA, Japan - In its latest financial report, Shimano reports that market inventories of completed bicycles, especially the high-end bicycles remained at a low level, as strong demand continued. Meanwhile, inventory of entry-level bicycles has increased to a high level as their supply caught up with the demand.

SHANGHAI, China - For the third time this year, COVID restrictions have forced the organising committee to postpone the 2022 edition of China Cycle. At the moment it is unknown when or where the show is going to take place.

HOOFDDORP, the Netherlands - The take-over of Accell Group by KKR and Teslin has entered a new stage now it will be delisted from Euronext Amsterdam as of 22 August 2022. Accell Group will be converted into a private company with limited liability (B.V.). The company also received its first credit ratings from S&P Global Ratings and Moody's.

COLOGNE, Germany - In a public statement, Europe's largest dealer cooperative ZEG, made a strong statement in favour of brick-and-mortar distribution. According to ZEG, "the current trend to focus on more online distribution by well-known brands poses a considerable threat and hazard to specialist dealers."