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Read all about financial

Without a capital injection, VanMoof warned its future was in danger within two months. – Photo VanMoof

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...

Despite an overall “softer than expected” performance in the cycling division, Halfords saw a seasonal rise in kids bikes in Q3 – Photo Shutterstock

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...

Financial experts expect that the interest rates will not drop for a long time. The central banks will keep a close eye on economic developments and react if necessary. - Photo Shutterstock

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...

Onomotion has a couple of hundred vehicles on the road in Germany with logistics partners like UPS, DPD and Hermes. – Photo Onomotion

Onomotion raises millions to expand e-cargo bike for urban logistics

BERLIN, Germany - Urban logistics e-cargobike manufacturer Onomotion has closed its Series A, with €6 million in equity and €15 million in debt. “We...

For the first time Giant requested its suppliers to extend their invoicing periods. – Photo Bike Europe

Giant’s inventory problem raises an industry-wide problem

TAICHUNG, Taiwan – It was not supposed to be discussed in public, but the letter Giant sent to its suppliers asking for payment postponement was...

Prophete and Cycle Union ran into difficult waters again. - Photo Prophete

Cycle Union and Prophete file for insolvency

OLDENBURG, Germany - Mass merchant supplier Prophete GmbH & Co. KG and IBD supplier Cycle Union filed for insolvency yesterday. Already in mid-2019...

Brockhaus Technologies’ majority owned Bikeleasing platform has around 2.4 million employees now accessing the service. - Photo Brockhaus Technologies

Bikeleasing take-over financially rewarding for new majority owner

FRANKFURT, Germany – Private equity company Brockhaus Technologies acquired a majority stake of around 60% in Bikeleasing in July 2021. The German...

"The deal with UTurn will help continue 3T's strong growth and keeps this iconic brand in Italian hands,” said 3T CEO Rene Wiertz. - Photo 3T

3T aims to expand production in Italy with Uturn investment

PRESEZZO, Italy - UTurn Investments, an independent family fund announced their investment in 3T to facilitate the company’s new development path, in...

With its global R&D capabilities, Vittoria develops bicycle tyres for all performance levels in road, off-road and urban use. – Photo Vittoria

Vittoria changes hands to new private equity investor

BREMBATE, Italy - Private equity investors Telemos Capital have signed a binding agreement to acquire a majority stake in Italian tyre manufacturer,...

Giant recognises that market demand has cooled down compared to the past 2 years but remains optimistic. - Photo Giant

Giant Group continues to grow in Q3 despite challenges

TAICHUNG, Taiwan - Giant Group's net sales reached NT$70.8 billion (€2.2 billion) in the first three fiscal quarters of 2022, a 14.5% increase over...

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