All financial indicators in 2025 have already made it clear that Canyon is still unable to recover from the post-pandemic industry crisis. The full-year results from owner Groupe Bruxelles Lambert (GBL) showed a further 7% decline in Canyon's sales, resulting in a net loss of 34% across the whole year.
Matteo Cassina, the Italian manager and entrepreneur, owner of Passoni and the media platform Rouleur joins the Campagnolo Board at a pivotal moment for the component manufacturer. It signals a new phase following recent restructuring talks and labour agreements. For the first time in its history, the Italian brand has taken a significant step in its governance by appointing a Board member from outside the founding family.
Amid ongoing revenue slides and restructuring efforts to counter losses, Canyon Bicycles GmbH has announced large-scale job cuts. The German bicycle brand will cut 320 of its 1,600 employees, equivalent to 20% of its workforce.
MYSŁOWICE, Poland - Located just outside the Polish city of Katowice, Polana Bikes has quietly set up a state-of-the-art bicycle production facility. With its own e-bike brand already on the domestic market, the company has big ambitions to change the narrative regarding European e-bike production. Under the motto 'Passion for bicycles meets industrial precision,' the company relies on local expertise with a touch of Chinese 'Guanxi.'
TAICHUNG, Taiwan - The consolidated revenue of Giant Group reached NT$32.61 billion (€940 million), a 12.4% year-over-year decline. According to Giant Group, this was "primarily due to the appreciation of the New Taiwan Dollar." Between April and July, the New Taiwan Dollar strengthened by 12.17% against the United States Dollar, while the value was rather stable from January to April.
DEVA, Romania - Bicycle manufacturer Eurosport DHS is struggling with the current market situation. The company reported a 48.5% year-on-year decline in turnover to RON 119.5 million (€24 million) for 2024. While the country was once regarded as a leading production location for the bicycle industry in Europe, it has been hit unevenly hard by the current industry crisis.
