Business

Bicycle brands in the Accell Group portfolio include Haibike, Winora, Ghost, Batavus, Koga, Lapierre, Raleigh, Sparta, Babboe and Carqon. – Photo Accell Group

Accell Group sees Fitch Rating drop for second time in months

HOOFDORP, the Netherlands - Citing "limited progress on addressing supply chain challenges, which has eroded liquidity headroom and led to deeply...

Susanne (r.) and Felix Puello will continue with R Raymon, separate from Pierer New Mobility. – Photo R Raymon

Pierer New Mobility dis-invests R Raymon

SCHWEINFURT, Germany - The absence of the brand R Raymon at the Pierer New Mobility booth at Eurobike 2023 was already a clear indication. The...

Swiss manufacturer Flyer heavily relies on export markets. – Photo Flyer

E-bike manufacturer Flyer lays off quarter of staff as sales drop

HUTTWIL, Switzerland - All market indicators have made clear that the bike boom of 2020-2021 is over and implications for the industry can be...

Cowboy introduced its latest model, Cruiser, in July 2023. – Photo Cowboy

E-bike brand Cowboy marks first foray into profitability

BRUSSELS, Belgium - "July was notably our best sales month ever and first profitable month," Cowboy co-founder and CEO Adrien Roose has announced....

Supporting growth in existing cities is the focus for Swapfiets now, rather than entering new markets. – Photo Swapfiets

Pon-owned Swapfiets reports multi-million euro losses

ZEIST, Netherlands - The blue-tyred bicycle subscription service Swapfiets has been struggling in recent years. After a loss of €14 million in 2020...

Janus Smalbraak, CEO of Pon Holdings and Dr. Christian Dahlheim, Chairman of the Board of Management of Volkswagen Financial Services were personally in Munich during the IAA to announce the partnership to the press. – Photos Bike Europe

Pon partners with VW to push bike leasing in Europe and US

MUNICH, Germany - Volkswagen Financial Services has acquired a 49% stake in Pon Holdings bike leasing subsidiary Bike Mobility Services (BMS). The...

Since 2015, NOX Cycles has focused entirely on the development and production of high-quality and very sporty e-mountain bikes. – Photo Nox Cycles

BMZ acquires Austrian sports e-bike manufacturer Nox Cycles

KARLSTEIN AM MAIN, Germany - Lithium-ion battery specialist, BMZ Group, has acquired Nox Cycles Austria and all its sister companies in Germany and...

KSR Group entered the e-bike market with the launch of ten Malaguti models in 2020. - Photo KSR Group

Two-wheeler giant KSR Group files for a court-supervised...

GEDERSDORF, Austria - Two-wheeled wholesaler and importer, KSR Group, has applied for a court-supervised restructuring procedure. Due to increased...

GasGas Bicycles, Husqvarna E-Bicycles and Felt Bicycles are Pierer New Mobility bicycle and e-bike brands which contributed to the good half year results. – Photo GasGas

Pierer Mobility reports revenue increase despite difficulties in...

WELS, Austria - In the first six months of 2023, Pierer Mobility AG achieved a new record revenue of €1.39 million, up 20.2%, compared to 2022....

Taiwan's third-largest bicycle manufacturer Ideal Bike Corporation generated a 21.4% decline in sales during Q2. – Photo Ideal Bike

Ideal Bike sees double-digit revenue downshift in Q2

TAICHUNG, Taiwan - As the third in line after Giant and Merida, Ideal has also reported red figures for this year. While the bicycle manufacturer was...