Weakening demand in the global bicycle market and rising rubber prices have put a heavy pressure on Kenda's revenue and result from January to September

"The production of bicycles in our new built factory here in Sangerhausen is about to start," confirmed MIFA owner and CEO Heinrich von Nathusius yesterday

The world's largest consumer-focused private equity firm L Catterton invested in Pinarello Fausto Pinarello, CEO of Cicli Pinarello Spa, remains as CEO.

Despite a troubling start in the early part of 2016, poor weather and earlier discounting Halfords Group Plc saw its cycling revenues grow by 4.6%.

Merida announced it will be the equipment sponsor of the newly formed 'Bahrein Merida Pro Cycling Team', which includes Vincenzo Nibali, as of 1 January 17.

HOLLY RIDGE, USA - The majority of the electric bicycles sold in the USA last year were imported from China or Taiwan. There are some local assembly operations, with the largest one being Prodecotech in Florida. The others are very relatively low volume.

SASSENAGE, France - French multi-sports retailer Go Sport Groupe is launching a new chain of specialised cycling stores. The new retail chain is branded BIKE+. It has been set-up in view of, "The developing cycle market marked by a rising range especially with the appearance of electric bicycles."

ENSE, Germany - It is one of the icon brands of the German bicycle industry and was founded in 1949. Last Tuesday CEO Karin Kettler, daughter of company founder Heinz Kettler, filed insolvency at the court in Arnsberg.

TAIPEI, Taiwan - The latest data from the Taiwan Bicycle Association (TBA) shows that the country's bike export to the EU markets is growing again after some years of stagnation. And this growth is by now small numbers.

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.