Markets

Moving in early 2023 from German Cycle Union to Swiss SEMG, CEO Frank-Simon Aeschbacher is guiding M-Way’s expansion into Germany. – Photo M-Way

Swiss e-bike retail chain M-Way enters German market

NUREMBERG, Germany - Following the sale of e-bike retail chain store M-Way from Swiss retail conglomerate Migros-Genossenschafts-Bund to Swiss...

Team Bike’s inhouse SRAM Iberia Tech Center also helps out with solving any SRAM Group product problems that IBD partners gave up trying to fix. – Photo Dieter Wertz

Not just SRAM, service is the focus of Spanish wholesaler Team Bike

ELCHE, Spain - Team Bike S.L. is not only one of the largest and most important bicycle product wholesalers and importers on the Spanish market, but...

The benefit bike service of Vapaus makes it easy for employees to lease the ‘bike of their dreams’ as a personal benefit through their salary, without having to pay any tax on the first €100 a month. – Photo Vapaus

Finnish e-bike leasing service secures €15 million for international...

HELSINKI, Finland - Vapaus Bikes Finland Oy, has secured a €15 million loan to drive growth and international expansion in the employee benefit bikes...

In Shimano’s main markets in Europe, Germany, the Netherlands and Belgium interest for bicycles remained strong. – Photo Shimano

Shimano loses 29% in turnover and half its profit in 2023

OSAKA, Japan - The financial consequences of high inventory in the market accelerated in the fourth quarter of last year for bicycle and parts...

Despite difficult external conditions, Swedish helmet manufacturer Mips continues to look positively into the future. – Photo Mips

Mips, GoPro, BikeBeat: Financial results offer positives for 2024

STOCKHOLM, Sweden- For the bicycle industry 2023 has been a tough year with over-supply and full warehouses clashing with a dropping consumer demand....

What might turn into an asset sale, some bidders have expressed an interest in the six stationary Fahrrad.de bicycle stores in Germany. – Photo Internetstores

Future of Internetstores Group hangs in balance as no buyer steps...

BIELEFELD, Germany - In the aftermath of the announced insolvency, no offers have been made for the Internetstores Group as a whole, an interim...

Pon.Bike.Italia is based in Valpolicella, on the outskirts of Verona. – Photo Pon.Bike

Italian subsidiary renamed to Pon.Bike.Italia to push brand in the...

VALPOLICALLA, Italy - Pon.Bike.Italia is the new name for Pon's subsidiary formerly known in the market as Focus Italia Group. The rebranding is the...

Considering the technology used and the specs employed, Unno manager Nil Pastor (left) and marketing & communication manager Martí Ràfols (right) consider their Unno models to be reasonably priced. Sales prices start at €6,295 and the upper barrier breaks €15,000. – Photo Dieter Wertz

Unno Bikes: Spanish R&D, carbon frames from China, assembled in...

BARCELONA, Spain - Unno S.L. (known as Unno Bikes) is a high-end MTB carbon manufactory created by Cero Design. Among others, this agency focuses on...

E-bike brand Qwic will stay on the market, but how it will operate remains unknown. – Photo Qwic

Qwic restart after bankruptcy shrouded in mist

AMSTERDAM, the Netherlands - The QWIC administrator has reached an agreement with a consortium of investors for a restart. This was announced by...

The relocation of production from Heerenveen, the Netherlands to other European locations such as in Hungary (pictured) will result in more than a hundred job losses for the Accell Group. - Photo Bike Europe

Accell Group cuts jobs as production across Europe is streamlined

HEERENVEEN, The Netherlands - Accell Group has announced today that it plans to adjust its production structure to "simplify operations and enhance...