Business

Shimano reports that consumer confidence has slowly started to pick up in Europe. – Photo Shimano

Shimano sees big opportunities to enhance market potential

OSAKA, Japan - Shimano regards 2023 as an "in-between year" as Marc van Rooij, President Shimano Europe Group already explained at Eurobike. This is...

The trustees are continuing to investigate the possibilities of a re-start out of VanMoof. – Photo

VanMoof Holding, Global Support and the Netherlands declared bankrupt

AMSTERDAM, the Netherlands - The follow-up of the chapter 11 status for VanMoof came much quicker than expected. On 17 July 2023, the court of...

Sports e-commerce vendor Signa Sports United is currently looking to clear excess inventory, putting significant pressure on gross margins and cash flow. – Photo Shutterstock

Sales drop for online vendor Signa Sports United

BERLIN, Germany - Bicycle, outdoor and team sports e-commerce vendor Signa Sports United reports a year-on-year 23.5% sales-drop down to €195 million...

Vok Bikes recently launched a new model in the UK with five times the cargo space. - Photo Vok Bike

Vok Bike raises €3.8 million for its new cargo bike

TALLINN, Estonia - As startup producing e-cargo bikes for last mile deliveries, Vok Bike closed a €3,8 million seed round last week, including...

The second edition of the Eurobike Investors Lounge attracted some 70 participants – Photo Kindermann Value Creation.

Eurobike Investors Lounge enjoys growing interest from private equity

FRANKFURT, Germany - The second edition of the Eurobike Investors Lounge attracted some 70 participants, primarily private equity investors and...

Cargoroo is active in major cities in the Netherlands, Belgium and Germany. – Photo Cargoroo

Shared cargo bike provider Cargoroo raises €1 million

AMSTERDAM, the Netherlands – The latest crowdfunding campaign will enable Cargoroo to increase the number of electric vehicles available on the...

At home in the Wuxi District in Taichung City: the headquarters of Ideal Bike Corporation. The three foreign factories in China, Poland and (since 2022) Vietnam are also managed from here. – Photo Jo Beckendorff

Despite stable revenue Ideal Bike reports Q1 losses

TAICHUNG, Taiwan – In its first sales quarter of 2023 Taiwan’s third-largest bicycle producer Ideal Bike Corporation brought in total sales of TWD...

While much of the R&D team is based in Germany at Merida & Centurion Germany GmbH (MCG), the company's cradle is in Taiwan. – Photo Jo Beckendorff

Merida reports stable Q1 sales but profit almost halves

DACUN TOWNSHIP, Taiwan – In this year’s first sales quarter Taiwan's second-largest bicycle manufacturer Merida Industry Co. Ltd. brought in total...

The Fitch outlook formally applies to Sprint BidCo BV, the new holding company of Accell Group. – Photo Shutterstock

Fitch revises Accell Group outlook from positive to negative

HOOFDDORP, the Netherlands – The ongoing supply chain challenges have impacted Accell Group's financial position to such an extent that the...

A cold European spring has caused a late season start for Giant’s major market. – Photo Giant Group

Giant Group’s Q1 results decline due to high inventory levels

TAICHUNG, Taiwan - Inventory reductions in the European and North American markets as well as the higher year-on-year comparison base, have had a...