HEERENVEEN, the Netherlands - Ruben Baldew was appointed CFO and member of the Board of Directors at Accell Group after last week's Extraordinary General Meeting of Shareholders. As of 1 November 2018 , the Board of Directors will have three members: Ton Anbeek (CEO), Ruben Baldew (CFO) and Jeroen Both (CSCO).
OSAKA, Japan - The company's financial results for the first nine months of 2018 do not show it evidently. However, in the explanation of the results Shimano says, "In Europe, with the stable weather continuing through the summer season, retail sales of completed bicycles, mainly sport e-bikes, stayed robust."
REDDITCH, UK - Halfords' latest financial summary for the first 20 weeks of 2018 has shown an increase in cycling revenue of 0.8 percent like-for-like. The company reported a good peak summer period following the poor weather at the start of the year.
PONTEDERA, Italy - The iconic Vespa scooter gets electrified. This month Piaggio Group (owner of Aprilia, Derbi, Gilera, Moto Guzzi, Piaggio and Vespa) starts series production of the 'Vespa Elettrica'. Sales (online only) starts in October at a dedicated webshop.
LUDHIANA, India - India's Avon Cycles is expanding the production capacity at its mother plant in Ludhiana by some 50 percent.
REDDITCH, UK - Despite poor summer weather and uncertainty on the British economy, Halfords UK reports a 7% increase in cycling sales to GBP 245.5 million
PARIS, France - Founded in 1903, the company Velox has been restructured completely since Patrick Guinard's acquisition in 2011.
JAKOBSTAD, Finland - Herrmans, the Finnish manufacturer of bicycle components and innovative lighting technology, has opened the licensing of their
HELSINKI, Finland - Amer Sports Corporation has reduced the company's 2020 target "to prioritise sustainable, profitable growth".
Velo Saddles has developed a new moulding process to produce Microtech handlebar grips. The new manufacturing process creates detailed texturing on the
Dorel Industries Inc. announced its results for the first half of 2017 which showed a 2.0% drop in revenues to USD 1.258 billion (€ 1.065bn). This resulted
JAKOBSTAD, Finland - Herrmans is launching a new rear light suited for regular dynamo bicycles as well as E-bikes 6-12 V.
The new Plixi Fit is a consequent evolution of the innovative Plixi folding helmet. The new Plixi Fit carries an additional adjustable fitting system that
BORAS, Sweden - Oxeon AB, maker of TeXtreme carbon fabrics announces to have set a new standard for the visual spread of tow carbon fiber fabrics.
Starting in 2018, Ryders Eyewear will strategically develop the European market. "Agents, representatives and distributors already exist in key markets,
In 2016 the largest online retailer in the Netherlands, Fietsenwinkel.nl increased its turnover to 40 million euro. "We expect to double this to 85 million
As e-bike drive-train component manufacturer Taiwanese Lasco is closely following the technological developments in the e-bike industry.
The firmware for synchronized shifting which came on the market with the introduction of Dura-Ace 9100 has been made available to Ultegra and Dura-Ace 9000
Clearly there's something brewing in the bike sector, both in Europe as in the US. That something drastic is happening is indicated by the growing number of
Dorel Industries Inc. today announced its results for 2016 which showed a 3.0% drop in revenues to USD 2.60 billion (€ 2.5bn). The Cycling Sports Group, turned out to be bleeding.
