MUTLANGEN, Germany - A difficult market situation including slow consumer spending made Advanced Sports GmbH decide on 1 April last year to apply for insolvency in self-administration. Shortly before Christmas, the European distributor of Breezer, Fuji and SE Bikes report that their insolvency plan had been accepted.
OBERNZELL, Germany - Cycling and sports gear manufacturer Uvex Group announced the closure of one of its European production locations in a strategic reorientation. The company will close its independent helmet production subsidiary, known as BSA, by the end of 2024. Approximately 190 jobs are affected by the closure.
DRESDEN, Germany - German e-commerce outlet Bike24 Holding has reported a 16% drop in total sales to €61.1 million in Q3, despite full bike sales seeing a 26% upturn due to an 'expanded brand portfolio'. In addition, the margin improvement initiatives continue to show positive development during the third quarter of 2023.
VIENNA, Austria - Despite the insolvency reorganisation of Gleam Technologies and the public call for investors by company founder Mario Eibl, the company has failed to avoid bankruptcy. According to an official statement published last Friday, the insolvency has been changed to bankruptcy proceedings.
FRANKFURT, Germany - Once again, high-precision transmission parts and components producer hGears AG, with its comparatively young e-mobility business unit, had its own booth at this year's Eurobike.
FRANKFURT, Germany - The second edition of the Eurobike Investors Lounge attracted some 70 participants, primarily private equity investors and family offices. The high level of attendance shows that investors still see the potential of the bicycle industry.
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 in the second quarter of 2022/2023, which ended on March 31, 2023. The WiggleCRC, Bikester, Fahrrad.de and Probikeshop owner was still able to cope with the loss thanks to better results in the first sales quarter of fiscal year 2022/2023.
SCHRAMBERG, Germany - According to precision gearbox manufacturer hGears AG, its first quarter 2023 results are in line with expectations. The strong performance of the premium, luxury and sports car segments was not able to compensate for the decline of the two other business segments e-mobility and e-tools - but at least cushioned it.
MONTIGNY-LE-BRETONNEUX, France - Alltricks, the omni-channel pure-player, has reported a turnover of €219 million in 2022. This represents a 30% increase compared to 2021. This figure includes the activity of Troc Vélo, the first specialised second-hand site that Alltricks acquired in March 2021. Last year, this company has recorded a 65% growth in active classifieds, generating a volume of transactions between individuals of €49 million.
GRENOBLE, France - The commercial court of Grenoble has put the sporting goods retailing giant Go Sport in receivership on 19th January after being notified of its state of cessation of payment. For retailer insiders these problems at Go Sport don't come as a surprise.
A hot topic in the bike industry currently is the quest for more sustainable bike components. The key to reaching real, long-term results, is to focus on the materials used to manufacture bike components, following-up with tangible targets leading to concrete impact.
ZEIST, The Netherlands - The October edition of Bike Europe magazine (issue 5/2022) is now available to read online in our digital magazine section. With a focus on production on Romania, a series of articles looks at how this former 'poorhouse' of Europe is becoming home to several prominent bicycle manufacturers.
DENKENDORF, Germany - At Eurobike gearbox specialists Pinion will launch the next generation e-bike drive gearbox together with introduction partner Stromer. In line with the current trend and as long time discussed in the industry, we expected that Pinion will present it first electronically shifting gearbox.
MUNICH, Germany - The first 'Made in Germany' pre-series parts production for Mocci's e-cargobike smart pedal vehicle (SPV) is underway. A pilot phase launch of the smart bikes is planned with selected B2B customers for fall 2022.
NANJING, China - E-bike controller manufacturer Nanjing Lishui has developed a dual drive controller offering maximum flexibility for customised settings. The system comes with a communication protocol for the controller and display.
SCHIPHOL, the Netherlands - Europe is the next market for Yamaha to introduce a series of electric personal mobility products. In the première of Switch ON program, Yamaha revealed this morning details of its future electric models. Eric de Seynes, Yamaha Motor Europe's President & CEO explained more.
SAINT-JEAN-DE-MOIRANS, France - Following the sale of Time Sport and Felt Bicycles, Rossignol Group is concentrating on its own bike brand. On March 1st, the French winter sports giant, celebrated the global launch of a completely new mountain bike and e-mountain bike range.
MUNICH, Germany - The year 2021 had it all: rising inflation, low and even negative interest rates, supply chains constraints, political crises, trade wars, more lock-downs, virus mutations, and so on. Despite all these uncertainties the global stock market trudged upwards, not to talk about the most ambitious 2021 bicycle stocks. How does that match?
EXETER, London - It was one of the technical innovations shown at recent events; the Enduo Evolve. The sprocket and chainring design enables a roller-chain to transfer power on both sides of the tooth. According to New Motion Labs this new development provides significant efficiency and lifetime increases.
REDDITCH, UK - The UK's leading brick and mortar cycle retailer Halfords has issued upgraded profits guidance driven by both cycling and motoring growth. This was announced at the publication of the interim results for the 26 weeks to 1 October 2021.
