GreenMo goes bankrupt as e-mobility market growth misjudged
WAARDENBURG, the Netherlands - GreenMo Group, which leases e-bikes and electric scooters to prominent delivery outlets in the Netherlands, Belgium,...
Prophete insolvency has no direct impact on DHS operation
DEVA, Romania – The announced insolvency of Prophete Group last December immediately raised questions about the impact on the Eurosport DHS SA...
Hackers interest in the bicycle business on the rise?
GROSSHELFENDORF, Germany –Fritzmeier Group, the parent company of niche carbon e-bike manufacturer M1 Sporttechnik GmbH, has fallen victim to a...
VanMoof asks investors for additional funding to continue operations
AMSTERDAM, the Netherlands – The trendy Amsterdam based brand VanMoof has seen its turn-over hike since 2017. A strong global branding made it an...
Hong Kong investor Jebsen Group steps into Woom
KLOSTERNEUBURG, Austria – The Hong Kong-based family-run trading and logistics company Jebson Group has stepped into Austrian kids and juvenile...
Specialized re-organisation also impacts European operations
MORGAN HILL, US – The announcement that US brand Specialized is saying goodbye to 8% of its global workforce, is a new sign that the bike industry...
Halfords Q3 results show trend reversal in UK bike sales
REDDITCH, UK – In its latest financial statement, UK bicycle retailer Halfords reports that cycling sales have dropped to pre-covid levels. Despite...
Both Merida and Ideal Bike announce top management changes
CHANGHUA/TAICHUNG, Taiwan - As 2023 begins, Taiwan's second and third largest bicycle producers Merida Industry Co. and Ideal Bike Corporation are...
Stock markets see drastic correction after high rise during pandemic
MUNICH, Germany – The events of 2022 had a huge impact on financial markets; it was a disastrous stock market year. The pandemic was barely halfway...
Sustainable moves: Shift Cycling Culture unites CEOs on...
ROTTERDAM, the Netherlands – The Shift Cycling Culture initiative motivated the industry to start talking about sustainability. In the meantime a...