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MONTREAL, Canada - Dorel Industries Inc. announces boosting sales results for its Sports division (including Cannondale, Schwinn, GT, Mongoose, Pacific Cycles and Caloi) in 2020. For the year, Dorel Sports' revenue increased by $135.7 million, or 14.9%, to $1,045 million and a gross profit of $230 million.
BRUSSELS, Belgium - Cycling Industries Europe (CIE) is launching a new expert group. The Cycling Innovation Network (CIN) is a membership-led initiative, open to companies of all sizes. The digital launch of the group will take place on 24th March.
LONDON, UK - HumanForest, a newly established e-bike provider has raised £1.3 million (€1.46 million) via a crowdfunding campaign. Headed by a former senior executive of Spanish ride sharing company, Cabify, HumanForest aims to offer a sustainable e-bike service in cities starting with London this Spring.
ENNEPTAL, Germany - Bicycle parts manufacturer, Thun, has developed innovative bottom bracket sets for e-bikes in the entry level segment for model year 2022. Particular to the bottom bracket sets is the Sensor Compatible (SC) system.
OSAKA, Japan - The financial statement of the Shimano Group over the first nine months of 2020 clearly shows the impact of the international cycling boom. While the company still reported a double-digit sales slide in the first half of 2020, the turnover strongly recovered over the first nine months of 2020.
AMSTERDAM, the Netherlands - Yamaha Motor is responding to the rapidly expanding market of urban mobility by introducing the PWseries CE drive unit and the External Crossover 500 battery to the Model Year 2021 line-up. Yamaha says it has, "created its lightest, quietest and most compact drive unit - and a battery that provides increased versatility and practicality."
MÜNSTER, Germany - Bicycle security expert Trelock has bundled even more know-how into its new folding lock FS 480 COPS and aims to "score with a great deal of security combined with maximum flexibility and comfort".
MONTREAL, Canada - Dorel Industries Inc., owner of bicycle brands including Schwinn, Mongoose and Cannondale has reported its Q1 results for 2020. The financial statement shows that coronavirus has interrupted an otherwise solid start to the year. Dorel Sports, which includes the bicycle segment, has recorded a fourth consecutive quarter of revenue growth with April bicycle sales surging.
OSAKA, Japan - In its financial statement of the first quarter of 2020 the Shimano Group reports a good start of the year in Europe and North America supported by good weather. From mid-March, turnover declined sharply and as a result, net sales from in the bicycle category decreased 15.4% from the same period of the previous year to JPY 58,868 million (507m euro).
CAMBIAGO/MILAN, Italy - Another big Italian bicycle name has been sold to a fund. After Pinarello's acquisition, in 2017, by L Catteron (LVMH luxury group), it's now the time of one of the biggest and most historical names in Italy's cycling history: Colnago.
HEERENVEEN, the Netherlands - Accell Group NV saw its net turnover in 2019 increase by 7.5% to 1,111 mio euro compared with 2018. The operating result was 16.6% higher than the year before and ended at 60 million euro. However Accell Group also saw its net
LOS ANGELES, USA - Whether it is a coincidence or whether it has given rise to the partnership remains the question. But the fact is that soon after the video publication on bike-eu.com about the Carla Cargo Trailers in New York urban mobility specialist Tern announces a new partnership with this cargo company.
Switching to omni-channel distribution has started. This is what the e-commerce battle entails and how it's to become decisive in the coming years.
WAALWIJK, the Netherlands - The traditional Dutch bicycle brand Fongers will be relaunched in the Benelux. The brand name was acquired by Matrabike, an omni-channel player operating a webshop as well as 8 stores in the Netherlands and Belgium.
STUTTGART, Germany - During Eurobike 2019 German Lightweight manufacturer Carbon Sports will open the doors for their in-house show in Friedrichshafen.
Scratch M5 / Scratch M5 PAS is the new saddle line that uses 4.0 technologies. The saddles are innovative in terms of size, shape and ergonomics and they are suitable for multiple uses, such as road, off-road and triathlons.
CHANGHUA, Taiwan - Lee Chi Enterprises Co Ltd that makes braking, cockpit, drivetrain and MTB parts under the Promax brand, is planning to build new plants in Indonesia and Vietnam.
REDDITCH, UK - Bicycles and car parts retailer Halfords UK has reported a 24 percent fall in annual pre-tax profit and forecast a flat outcome for the next financial year. However, the company said that a mild winter had boosted cycling, with like-for-like cycling sales up 2.6 percent.
SAINT-JEAN-DE-MOIRANS, France - Rossignol Group SA, the French outdoor company, announces the restructuring of Time Sport, the premium road bike brand bought by the group in February 2016. The management has decided to cut jobs and to relocate production.
