HEERENVEEN, the Netherlands - Accell Group NV announces that it will adjust the valuation of its UK pension plan on its balance sheet. The positive effect on equity is € 5.2 million as at 31 December 2014. The adjustment has a positive effect of € 0.4 million on the net profit in 2014 and has no impact on the company's operating activities and cash flows.
LUDHIANA, India - After its recent take-over of Avocet in the UK, India's Hero Cycles continues its buying spree. The latest to be bought is the home-grown premium bicycle brand Firefox. Hero acquired Firefox Bikes as part of its strategy to further cement its position in the fast-growing premium cycling segment in India.
LONDON, UK - To meet growing demand for their bikes internationally, the British folding bike company Brompton Bicycle announced new investments in its manufacturing and storage facilities. The new factory will be located in the Greenford in the western part of London.
BRUSSELS, Belgium - The 5th Asia Bike Show, taking place from October 9 to 12 in Nanjing, China, will include a joint pavilion that hosts European P&A makers. It's organized by the Confederation of the European Bicycle Industry CONEBI which is also behind the joint European booth at Taipei Cycle.
BRUSSELS, Belgium - The future of cycling is about to meet in Nantes, France this year. The world's primary annual conference series on cycling- Velo-city - will take place in less than two weeks in the city of Nantes which has been selected by the European Cyclists' Federation (ECF) due to its inspiring story and forward-thinking measures.
MONTREAL, Canada - "Dorel's first quarter performance was significantly affected by the continued strength of the US dollar and resulted in a net negative impact on earnings," stated Dorel President & CEO, Martin Schwartz. The owner of the Cannondale Sports Group generates almost half its revenue outside the US.
BOXMEER, the Netherlands - Renowned and well respected Jan Willem Ten Dam is retiring. With the start of the New Year the Ryde GM is doing the things he ...
TAIPEI, TAIWAN - Urban transport specialist Tern announced new partnerships in Japan, Greece and Turkey, bringing Tern's distribution to 65 countries ...
SANGERHAUSEN, Germany - Former MIFA Managing Director Thomas Mayer claims 640,000 euro compensation in a letter to the Supervisory Board, in which he ...
SCHWEINFURT, Germany - The environmental impact of micromobility products has gained importance over the last few years. For e-bikes, bicycles, cargo bikes and e-scooters "these effects cannot simply be eliminated, but they constitute a risk and can seriously jeopardise safety," writes the German test institute velotech.
DELFT, the Netherlands - The European Standardization Committee for bicycles CEN/TC 333 'Cycles' considers it high time
BRUSSELS, Belgium - Giant China is already waiting seventeen months for a final verdict after the company appealed to the Court of Justice of the ...
VEENENDAAL, the Netherlands - The administrators of bankrupted Halfords NL have cancelled the scheduled online auctions as reported by Bike Europe last ...
DARLINGTON, UK - Zyro announces that they have been appointed as a distributor for Clarks Cycle Systems in the UK and Ireland. Zyro claims to be the ...
TAICHUNG, Taiwan - At next week's Taichung Bike Week FSA will present (among other new components for MY 2016) its new line-up of chains. After making a ...
LEIPZIG, Germany - The participation list for the WFSGI Manufacturers Forum 2014 is filling up with new registrations every day. Organizer WFSGI reports ...
VEENENDAAL, The Netherlands - Halfords NL, which sells bikes as well as parts for bicycles and cars, has filed for insolvency. Halfords NL which ...
SANGERHAUSEN, Germany - Yesterday-morning, the Mitteldeutsche Fahrradwerke AG (MIFA) announced the loss of half of its registered share capital. In the ...
FRIEDRICHSHAFEN, Germany - Very casual and yet highly fashionable. Anyone who rides a bike wants to do so in style. The Eurobike will present the ...
AMES, USA - Cycle Force Group, based in Ames, Iowa, is expanding its dedicated Third Party Logistics (3PL) bicycle and parts warehouse for third party ...
