OSAKA, Japan - The last Tuesday published Shimano Inc. 2018 financial report holds positive statements on the performance of the European bike market. However, Shimano is less positive on the outlook for 2019 as Brexit looms as well as rising fiscal instability in Italy.
HELSINKI, Finland - It started with Amer Sports' announcement that it wants to sell its activities in the cycling market with Mavic and Enve on 5 September. Now it looks like the entire Finnish holding will be sold to the Chinese companies ANTA Sports Products and FountainVest Partners.
OSAKA, Japan - Shimano reports that its net sales have grown by 7.1% in the first half of this year. In its financial statement the company mentions its STEPS E8000 drive unit for e-MTB's in particular which "continued to be well received in the market. As a result, net sales from bicycle components increased 6.8%."
AMSTERDAM, the Netherlands - Fallbrook Technologies emerged from restructuring under Chapter 11 on June 25, 2018. The filing for restructuring was done on 26 February this year and allowed Fallbrook to create a reorganization plan.
BUDAPEST, Hungary - The Giant Group announced today it will expand its footprint in Europe by establishing a second production facility which will be located in Hungary.
SAINT-GEORGES, Canada - Procycle Group has officially changed its company name to one of its brands, Rocky Mountain. One of Canada's leading bicycle suppliers based in the province of Québec is streamlining its business from three brands to one.
MONTRÉAL, Canada - Dorel Industries has sold the Sugoi and Sombrio brands to Louis Garneau Sports. The company is divesting its performance apparel line of business to focus on its core strategic businesses of bikes, parts and accessories and electric ride-ons.
STUTTGART, Germany - On 1 June Christian Bubenheim joined Internetstores Holding as new CEO. Internetstores reports that "internationally renowned German
MONTREAL, Canada - The liquidation of Toys"R"Us in the U.S. hampered listed Dorel Industries Inc in the 1st quarter of 2018. It turned Dorel Sports into a
DELFT, the Netherlands - Chris Koppert - former owner of BBB Cycling - has joined Tracefy BV; the Dutch company offering GPS solutions in bicycles.
In its efforts to establish equal conditions for webshops and brick & mortar dealers Accell Group has taken a major step forward. Last week its Benelux
For the sporting goods retail giant Decathlon, 2017 was a year of transition and a managerial revolution. Still the group announced an increase of its
Webshop Coolblue announces the start of its own delivery service by bike. As of today this service is operational in various Dutch cities which will gradually
TAIPEI, Taiwan - To improve flexibility in the assembly of bottom brackets, the Taiwanese company First Bicycle Components developed an eccentric version.
LUXEMBOURG - Bike Europe asked Dr. Jochen M. Schaefer, an attorney specialising in (among other legal issues) international distribution topics, to explain
CHANGHUA, Taiwan - Alligator reduced the diameter of its shifting cable by 20% from five to four millimeters by using fiberglass.
It is called theft protection 2.0, the keyless Bluetooth operated ring lock of the Californian company Linka. Locking requires only short pressing on the
CANNES, France - "In the past three years we have doubled our OEM sales," says Karl de Quick, General Manager of Michelin's bicycle tyre division
The trading update for the whole year of 2016 Tandem Group plc (owner of among others the brands Claud Butler and Dawes) reports that its bicycles and
VICENZA, Italy - It took Campagnolo some more years than Shimano and SRAM to develop disc brakes but now they are finally ready for the market.
