McKinsey-WFSGI study reports industry braces for headwinds
ZURICH, Switzerland - Rising costs, the looming threat of larger recession, low consumer confidence and continuing operational challenges are set to...
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...
Replacement market to give boost to German e-bike sales
BERLIN, Germany – In addition to the regular market for e-bikes, the replacement market is becoming increasingly important in Germany. No less than...
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...