BANGKOK, Thailand - As part of its ambitious growth and investment plans, tyre manufacturer Vittoria has opened a new state-of-the-art factory in Bangkok, Thailand dedicated to the production of cotton tubular and clincher bicycle tyres. The carbon neutral factory will also be at the forefront of sustainable product development.

PEETRI, Estonia - Within two years listed cargo bike manufacturer Hagen Bikes company is heading to the stock market again for new capital. Hagen's shares are tradable in the multilateral trading system First North, and the company Hagen submitted a request to Nasdaq Tallinn AS to also admit all new shares issued during the offering to trading in the multilateral trading system.

TALLINN, Estonia - The demand for anti-theft solutions and services in micromobility is increasing. More than 60% of e-bike riders will opt for an e-bike with smart features for their next purchase. This was one of the outcomes of a survey by the Spiegel Institute and commissioned by Comodule.

荷蘭，宰斯特（ZEIST）－今年上半年的銷售毛利呈正常水平，同時零售商還飽受高庫存困擾，以上是H&L管理顧問公司針對其荷蘭上百間獨立自行車專賣店（IBD）所做的報告。

法國，馬爾洛克（MARCLOPT）－Mach1已收購Baramind減震手把背後的法國創新企業Red-Motion。Mach1於聲明表示：「這次收購屬策略的一環，為豐富產品組合並提升OEM供應商地位。」

德國，柏林（BERLIN）－總體經濟逆風持續、市場供過於求、資金流動及收益挑戰，電商平台Signa Sports United正採取應對措施。該公司宣布一系列重組措施，包含終止或減少表現欠佳的資產、針對業績不佳的部門裁減人力，並評估出售非核心業務。

荷蘭，海倫芬 （HEERENVEEN）－Accell Group指派Tjeerd Jegen擔任執行長及董事會主席。Jegen在零售公司已有25年經驗，在今年11月1日起會從Juan de Ochoa接手，Juan de Ochoa在Ton Anbeek離開團隊後成為臨時執行長。

ZEIST, the Netherlands - In the first half of this year, bicycle sales took place at a normal gross margin on average in the Netherlands. At the same time Dutch retailers are struggling with sky high inventory levels. This was reported by H&L Accountants from its hundreds of IBD customers in the Netherlands.

MARCLOPT, France - Mach1 has taken-over Red-Motion, the innovative French company behind the Baramind shock-absorbing handlebars. "This acquisition is in line with our strategy to diversify our product portfolio and strengthen our position as the supplier of choice for OEMs," writes Mach1 in a statement.

ZEIST, The Netherlands - The next edition of Bike Europe magazine (issue 5/2023) is now available to read online in our digital magazine section. The industry is facing a major challenge with the publication of the European Batteries Regulation. What's next?

HUTTWIL, Switzerland - The current difficult market situation in the entire bicycle industry, including a post-pandemic market correction, is also affecting the ZEG owned Swiss e-bike manufacturer Flyer AG. To secure the future of the company and maintain production at its Swiss location, an extensive restructuring program has been drawn up.

Taipei Cycle, the leading cycling industry show, held a press conference this week to present its grand vision for TAIPEI CYCLE 2024. Following an intensive two-day visit, twelve international media representatives from nine countries came together to gain a deeper understanding of new benchmarks within the industry, embracing themes of Micro-mobility, Innovations & startups, Green action and Culture & lifestyle.

LYNGE, Denmark - Since January 1st, 2023, all Argon 18 bikes destined for the European market have been assembled at the company's European headquarters in Denmark. The Canadian brand is also broadening its retail network by offering direct to retail sales in the UK. Other European markets are expected to follow.

SEVILLA, Spain - The European Cycling Declaration announced by European Commissioner for Transport Adina Vălean was welcomed by the European industry and users organizations. The EU wants to take more decisive action on urban mobility and cycling is meant to contribute to the EU's increasingly ambitious climate and environmental objectives.

BERLIN, Germany - Online vendor Signa Sports United is taking instant action to face continuing macroeconomic headwinds, oversupply in the market and severe liquidity and profitability challenges. The company announced a series of restructuring measures including the termination or winding down of non-performing assets, the rightsizing of under-performing business units as well as the evaluation of disposals of non-core assets.

HEERENVEEN, The Netherlands - Accell Group has appointed Tjeerd Jegen as CEO and Chair of the Management Board. Starting 1 November 2023, Jegen who has 25 years' experience in retail companies, will succeed Juan de Ochoa, who has been interim CEO since Ton Anbeek left the company earlier this year.

FULDA, Germany - Following an initial reluctance to join the family business, Daria Büchel is now following her father footsteps into the bicycle industry. This does not mean the industry stalwart Erhard is on the brink of retirement. Daria's primary goal for now is "to make a meaningful and effective contribution to the company." Bike Europe found out how she intends to do that.

MILAN, Italy - Tyre manufacturer Pirelli is carrying out a voluntary recall of some bicycle tyres of the type P Zero Race TLR, size 28-622. The recall refers to tyres produced between the tenth and 24th week of 2023 and is due to problems of compatibility of the tyre with some wheel rims.