
Accell Group sees Fitch Rating drop for second time in months
HOOFDORP, the Netherlands - Citing "limited progress on addressing supply chain challenges, which has eroded liquidity headroom and led to deeply...

Porsche building e-bike motor factory in Europe, Greyp to be...
SVETA NEDELJA, Croatia - Porsche eBike Performance is currently looking at locations for its own e-bike motor factory in Europe, the company has...

Antitrust authorities investigate complaint against Bosch
MILAN, Italy - The Competition and Market Authority (AGCM) in Italy has started an investigation against Robert Bosch GmbH to verify the claim of...

Pierer New Mobility dis-invests R Raymon
SCHWEINFURT, Germany - The absence of the brand R Raymon at the Pierer New Mobility booth at Eurobike 2023 was already a clear indication. The...

Mavic to strengthen OEM presence and appoints dedicated manager
ANNECY, France - Component manufacturer Mavic has announced a change in its market strategy. To improve its presence on the OEM market again,...

E-bike manufacturer Flyer lays off quarter of staff as sales drop
HUTTWIL, Switzerland - All market indicators have made clear that the bike boom of 2020-2021 is over and implications for the industry can be...

E-bike brand Cowboy marks first foray into profitability
BRUSSELS, Belgium - "July was notably our best sales month ever and first profitable month," Cowboy co-founder and CEO Adrien Roose has announced....

Pon-owned Swapfiets reports multi-million euro losses
ZEIST, Netherlands - The blue-tyred bicycle subscription service Swapfiets has been struggling in recent years. After a loss of €14 million in 2020...

Canyon opens Innovation Lab at its Koblenz headquarters
KOBLENZ, Germany - By opening an Innovation Lab at its Koblenz headquarters, German D2C bike supplier Canyon Bicycle GmbH says it is taking "the next...

Decathlon Germany CEO to oversee growth in Eastern Europe in new role
PLOCHINGEN, Germany - Sporting goods manufacturer and retailer Decathlon has appointed the CEO of Decathlon-Germany André Weinert to CEO-CESEE...

Pon partners with VW to push bike leasing in Europe and US
MUNICH, Germany - Volkswagen Financial Services has acquired a 49% stake in Pon Holdings bike leasing subsidiary Bike Mobility Services (BMS). The...

BMZ acquires Austrian sports e-bike manufacturer Nox Cycles
KARLSTEIN AM MAIN, Germany - Lithium-ion battery specialist, BMZ Group, has acquired Nox Cycles Austria and all its sister companies in Germany and...