Apro
Cowboy raises €5 million in new investment round
BRUSSELS, Belgium - The omnichannel brand Cowboy has announced a new strategic investor. Cypress Capital is leading a €5 million financing round...
Business
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...
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...
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...
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...
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 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...
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...
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 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...
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