Business

The Husqvarna e-bike, GasGas e-bike and Felt sales increase in the first 6 months of 2024 could partly compensate for the loss of R Raymon. – Photo Pierer Mobility

Pierer Mobility suffers from loss-making bicycle business

WELS, Austria - According to Pierer Mobility AG volatile and difficult economic conditions led to a negative first half 2024 result. The company also...

On the way out of the red figures: Ideal Bike Corporation, Taichung, Taiwan. – Photo Jo Beckendorff

Ideal Bike on the road to recovery after restructuring financial...

TAICHUNG, Taiwan - Despite a double-digit revenue drop Taiwan's third-largest bicycle manufacturer Ideal Bike Corporation is continuing to work on...

To build the brand AGU, the company has been sponsoring cyclists like track racer Harry Lavreysen for many years. – Photo TeamNL

Chapter 11 status for Dutch wholesaler and cycling gear brand AGU

ALKMAAR, the Netherlands - Wholesaler, exclusive agent for many brands and incubator for the Dutch retail market AGU has had to apply for Chapter 11...

hGears’ e-bike division is suffering from the high inventory levels that are still present in all sales channels. – Photo hGears

E-bike component manufacturer hGears expects medium-term growth

SCHRAMBERG, Germany - When presenting its 2024 half-year figures, the high-precision gearbox parts and components manufacturer hGears AG took a...

“There is no better time to invest in this industry as right now,” says René Wiertz (l.) together with Fundracer’s strategic advisor René Savelsberg. – Photo Bike Europe

Industry veterans Wiertz, Vroomen, and Ording launch investment fund

AMSTERDAM, the Netherlands - Fundracer BV launched their first micromobility fund with a mission to provide capital and hands-on support to companies...

Giant Group expects inventory adjustments in the European and American markets will return to normal this year. – Photo Giant Group

Giant Group consolidated revenue down 12.6% in first half of 2024

TAICHUNG, Taiwan - A strong presence on the Chinese market is currently vital for the Giant Group. Unlike the struggle with excess inventory in...

In the course of moderate sales growth at Bike24, profitability per order increased significantly. – Photo Shutterstock

Online platform Bike24 reports recovery in consumer sales

DRESDEN, Germany - German online retailer Bike24 reports an increase its sales, but also its profitability and financial position in the second...

The high interest rate significantly strains profitability at Baltik Vairas. – Photo Bike Europe

Baltik Vairas forecasts 20% decline in bicycle production

ŠIAULIAI, Lithuania - Overcapacity and a slowdown in demand in Europe were the main reasons for a decline in turnover in 2023 reports bicycle...

Fox Factory has high expectations of new products launched into the entry-premium bicycle market. – Photo Fox Factory

Fox Factory Holding reports 52% bicycle sales increase in Q2-2024

DULUTH, USA - Fox Factory business division Specialty Sports Group (SSG), which includes bikes, was able to report a double-digit sales increase in...

Raleigh UK is already six month late in submitting its accounts. – Photo Shutterstock

Future Raleigh UK uncertain as Accell Group didn't file account

EASTWOOD, United Kingdom - Raleigh UK risks being closed down by the government agency Companies House over its failure to file its financial...