PARIS, France - The market leader in on-site bike repair in France, Cyclofix, has just raised €5 million to ensure its development in France. The investment will also be used to support expansion plans in Europe and to offer new services.
DOETINCHEM, The Netherlands - Taipei Cycle Show, Eurobike, Velovak, China Cycle, Sea Otter, the list goes on… 2020 has been a nightmare for tradeshows as cancellations continued throughout the year. Innovation and development within in the bicycle sector has not stopped
SUZHOU, China - Lithium battery manufacturer, Phylion, has developed a service platform based on their understanding of the e-bike battery. The system can be used to remotely solve various system diagnostic, communication and after-sales issues.
WÜRSELEN, Germany - Hamburg-based Peter Möhrle Holding (PMH), which focuses on corporate and real estate investments, is strengthening its bicycle market activities. It's newly founded Bike Holding PMH is taking a stake in BC GmbH & Co.KG, the parent company of bicycle online shop pioneer Bike-Components.
BURY, England - In recent years UK retailer Go Outdoors has expanded the space in its large, out of town style stores given over to cycling. Now the camping and outdoors retailer Go Outdoors' owner JD Sports has announced it will be reacquiring the retail chain after an initial announcement that they would be calling in administrators.
GRENOBLE, France — On July 21st, the Grenoble Court appointed the French Bourrelier Group as the new owner of Mavic. Former MTB rider Yoann Bourrelier and son of Jean-Claude Bourrelier who owns the Group, will lead Mavic together with his brother Jean-Michel.
BOCHOLT, Germany - Omnichannel bicycle distributor Rose Bikes GmbH announced a trading model cooperation with the country's largest sports store known as Engelhorn Sports. Next August, Rose Bikes will open a shop-in-shop at Engelhorn's huge sporting goods retail store in Mannheim, Germany.
CHANGHUA CITY, Taiwan - Oxtec hubs, manufactured by Tai-World Mfg. come with an new developed inner structure. While Oxtec hubs are compatible with both mountain bikes and e-bikes they feature important advantages.
MATTIGHOFEN, Austria - The name change to Pierer Mobility could end the confusion between the companies KTM Industries AG and KTM Fahrrad GmbH. The Executive Board of KTM Industries AG recently proposed to rename itself Pierer Mobility AG.
FRIEDRICHSHAFEN, Germany - At Eurobike booth A3-320 DNM Suspension Technology will be presenting a range of new components suited for e-MTBs; from rear shocks, suspension forks to dropper posts.
HINCKLEY, UK - 2020 looks set to be a year of expansion for Clarks Cycle Systems. The company is investing half a million British pounds (550,000 euro) in a new distribution centre that makes it possible to turn around orders in deliveries within 24 hours.
HEERENVEEN, Netherlands - Last Friday Accell Group NV announced that it has reached agreement on the sale of its Canadian brand registrations of Raleigh, Diamondback, Redline and IZIP to Canadian Tire Corporation; the country's biggest bike retailer.
As we prepare for the tradeshow season and then the pending 2020 selling season most of us in have now accepted for better or worse the premise that brands will have an OMNI Channel or multi-headed multifaceted approach to selling in the cycling and outdoor markets.
TAMPA, USA - Bill Shook and Ellen Kast, owners of the American Classic business, announced yesterday that they are marketing the assets of the business for sale, seeking a strategic or operational acquirer that can leverage the brand and its technologies to its fullest potential.
REICHSHOF, Germany - Bicycle tyre supplier Ralf Bohle GmbH, owner of Schwalbe, increased its revenue by nearly 8 percent last year. "The warm and sunny weather made it an outstanding year for the entire bicycle industry", said Ralf Bohle GmbH's MD Frank Bohle.
MEQUON, USA - Hayes Performance Systems' product development team designed a set of kids components. "Our inspiration was fueled when we saw so many kids struggling with the lack of performance-level components," the US based component manufacturer states in a press release.
BERLIN, Germany - Signa Sports United expands its reach to Asia. One of Europe's leading online sports, outdoor and bicycle platforms enters into a strategic partnership with Aeon Co. from Japan and Central Group from Thailand. According to Signa, both are "Asia's largest retailers".
PHILADELPHIA, USA - Last week Advanced Sports Enterprises (ASE) CEO Pat J. Cunnane informed his customers in a letter that "The company has taken action to restructure and better position itself for future success by filing voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code".
CHICAGO, USA - The troubled U.S. retail giant Sears Holdings Corp. had to file for bankruptcy on October 15. On that day, the in 1886 founded company which is also selling bicycles and cycling products at entry-level price points, filed for chapter 11 bankruptcy. Previously, Sears' shares dropped double digitally.
LONDON, UK - High street cycle retailer Evans was seeking GBP10 million (11.2m euros) in funds for a financial restructuring as Bike Europe recently reported. UK media reports now suggest that the firm, which has a strong network of 60 stores, has moved on to seek a buyer for the company.
