MONTREAL, Canada - Dorel Sports including Cycling Sports Group (Cannondale, GT, Mongoose among other brands as well as Pacific Cycle and Caloi) had a much better quarter than anticipated, surpassing earlier published expectations. Second quarter revenue increased USD 15.5 million, or 7.4%, to USD 224.5 million.
ZLIN, Czech Republic - Equinox Europe, the Czech-Taiwanese joint venture of Gigantex debuted two years ago with affordable brand line called Equator. The combination of discount pricing and flash sales was successfully tested on the Czech and Slovak
The loss of sales to major online distributor Fietsenwinkel.nl in the Netherlands and Sports Authority and Sports Chalet in North America put heavy pressure on Accell's first half of 2018 results.
HAAR, Germany - Late February, e-bike drivetrain producer BionX Canada Inc. had to file for bankruptcy in Canada. On June 15 the bankruptcy sale of part of BionX Canada was approved by court while the remaining business activities were closed.
Introduced as a Kickstarter project Blaze and rebranded this year as 'beryl' the company will bring out a new generation of lights for city-cyclists at Eurobike. "We want to be the most-loved consumer brand in the urban cycling space," said beryl founder and CEO Emily Brooke.
Belt drives offer many advantages to the cycling world, but a big caveat has been that specially designed split frames are needed to install a belt. Veer is seeking to change that. With their innovative belt splice technology, joining a belt through the rear frame triangle like a chain is now possible.
After Accell's announcment of its 2017 financial results last Friday Bike Europe spoke with CEO Ton Anbeek. In this interview he speaks about the roll-out
"The bicycle market is going through rapid changes where omni-channel is seen as an interesting distribution mix next to existing distribution channels.
After opening the facility in Bulgaria Leader 96 OOD announces that it has taken-over the German brands Panther and Jaguar from Panther International GmbH.
ZERBST, Germany - Just after the peak of the bicycle sales season, the German bicycle manufacturer Euro-Bike applied for insolvency which was published last Monday. Euro-Bike is known for manufacturing brands like Schindelhauer, Rothwild, Coboc and Nikolai.
Signa Holding GmbH is said to be studying possibilities of an IPO for its for years heavily expanding sporting goods retail business of subsidiary Signa
Shipments by suppliers to dealers in the United States dropped by 15% in volume in the first three months of 2017. Shipments in March were in particular low
Tyre maker Hwa Fong Rubber Industry Co. plans to invest about USD 46m in expanding its production capacity in Thailand to meet growing demand.
Pon Holdings, owner of Pon Bike Group, has placed a bid for all shares of Accell Group. This bid comes after Pon Holdings provided the management board
SAKAI CITY, Japan - Compared to last year, the 2017 half-year sales and operating income decline of Shimano's bicycle division was less dramatic
Frank Peiffer leaves no doubt whatsoever about the transformation by the bicycle industry needed to meet the requirements of ever more consumers ordering
Due to increasing competition from webshops like Amazon, Zalando and others the German sporting goods buyers groups Intersport and Sport 2000 introduced
VILLENEUVE D'ASCQ, France - For the second consecutive year Decathlon increased its turn-over by 12%. In 2016 the world's biggest sports retailers generated a total of 10 billion euro in sales. Like-for-like sales growth stood at 4.4%, slightly less than the 5% Decathlon reported for 2015.
Eddy Merckx Cycles is looking back at a multi-million loss over 2016. "The market for road race bike dropped by 25% last year and as specialist in this
Magura presents an upside down fork for eMTBs at Eurobike. The Boltron suspension fork, Magura is expanding its e-competence in the suspension sector.
