Shimano Vigorously Investing in Disappointing 2016
Shimano booked a 17.4% drop in net sales made with bike products in 2016 compared to 2015. This is in the company's 2016 financial report which was
16068 results
Giant Remains Cautious About E-Bike Future
Giant had a difficult 2016 with a cumulative revenue decline of 5.57% to USD 1.87 billion (€ 1.74bn) from the previous year. Although sales from e-bikes,
Kross Restarts E-Bike Production at Multicycle
Kross S.A. is acting fast after its last week's announcement on the takeover of bankrupted Dutch Multicycle. The Polish bike maker has appointed a Managing
Optima Cycles Acquires Dutch ID Brand from Amazing Wheels
Optima Cycles based in Beverwijk (the Netherlands) has taken over the Dutch ID brand from Flyer e-bike importer Amazing Wheels. The sale of Optima Cycles
Family Puello Named as Possible New MIFA Owner
The family Puello are named in the German media as the possible new owners of the bicycle factory MIFA.
Creation of Investment Fund for Developing New Battery Technologies
With NEoT Capital (stands for 'new energy of things') several international players from the energy sector created an investment fund. It will concentrate
Dorel's Q1 Results: Gains Overall but Bike Business Sees 1% Decrease in Revenue
Dorel Industries released their first quarter results for 2017, with adjusted net income for the quarter up 15.4%. However, historically low inventory
Mavic Sales Decline
ANNECY, France - Mavic made a disappointing start in 2016. In the first quarter of 2016 the bicycle components manufacturer saw its net sales decrease by 2% to 39.7 million euro compared with January - March 2015.
Accell Reports Accelerating E-Bike Sales in Smaller Markets
HEERENVEEN, the Netherlands - E-bike sales are accelerating in European markets that up till now were small for electric bicycles. That's the main message in Accell Group's trading update which the listed company published today. It also says that Accell recorded higher turnover and profit in the first quarter of 2016 compared to 2015.
Halfords UK Bike Sales Impacted by Poor Weather
UK bicycle market leader Halfords reported on its trading performance for the 13-week period to 1 July, 2016 that the company's cycling revenues were down..