The initial public offering (IPO) of Tianjin Fuji-Ta Bicycle Manufacturer Co., Ltd. known domestically as the "Foxconn of the bicycle industry" on 6 August on the Shanghai Stock Exchange (SSE) was quite impressive. The offering price of CNY 17.46 (€2.28) soared to a high of CNY 45.45 €5.94) on the day of the IPO, but then settled down again over the course of the week.
The transfer of Accell Group to the new owner, the Singapore-based investment firm DuTech Group, passed another regulatory milestone. The Polish anti-competition authorities, UOKiK, identified no concerns significant enough to justify remedies or prohibit the transaction, and therefore approved the acquisition.
For Austrian KTM Fahrrad GmbH, the financial year 2024/2025 was still a challenging time. According to the company's financial statements, filed only last week, KTM Fahrrad reported a nearly 14% decline in revenue from € 425 million in 2023/2024 to €365 million in the 2024/25 fiscal year. The company's results in this fiscal year were still heavily influenced by massive discounting campaigns.
The aftermath of the COVID bubble, which hit the bicycle industry hard, also impacted Accell Group substantially. When Jonas Nilsson joined Accell Group as COO in July 2023, the company was perceived as being in a critical state. In January 2025, Nilsson took over as CEO and initiated the One Accell Strategy. In an exclusive interview with Bike Europe, he explains where the Accell Group is on the strategy timeline and what the market can expect from this once industry-leading company.
German bicycle brand Cube has announced a product safety recall for selected 2026-model-year hybrid e-bikes fitted with ACID Carbon Hybrid crank arms after identifying a potential failure risk in the pedal insert area. A Cub representative confirmed to Bike Europe that 20,000 bikes are affected. The bikes were sold worldwide, with the majority going to German-speaking countries.
British bicycle manufacturer and industry barometer Halfords Group UK reports strong performance in its bicycle segment for FY26 (April 2025 - April 2026). The Group says sales have increased across its core industries of automotive, retail and leisure, but none have seen as much progress as its cycling division, which climbed 6.4%.
