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Moving in early 2023 from German Cycle Union to Swiss SEMG, CEO Frank-Simon Aeschbacher is guiding M-Way’s expansion into Germany. – Photo M-Way

Swiss e-bike retail chain M-Way enters German market

NUREMBERG, Germany - Following the sale of e-bike retail chain store M-Way from Swiss retail conglomerate Migros-Genossenschafts-Bund to Swiss...

In Shimano’s main markets in Europe, Germany, the Netherlands and Belgium interest for bicycles remained strong. – Photo Shimano

Shimano loses 29% in turnover and half its profit in 2023

OSAKA, Japan - The financial consequences of high inventory in the market accelerated in the fourth quarter of last year for bicycle and parts...

What might turn into an asset sale, some bidders have expressed an interest in the six stationary Fahrrad.de bicycle stores in Germany. – Photo Internetstores

Future of Internetstores Group hangs in balance as no buyer steps...

BIELEFELD, Germany - In the aftermath of the announced insolvency, no offers have been made for the Internetstores Group as a whole, an interim...

The relocation of production from Heerenveen, the Netherlands to other European locations such as in Hungary (pictured) will result in more than a hundred job losses for the Accell Group. - Photo Bike Europe

Accell Group cuts jobs as production across Europe is streamlined

HEERENVEEN, The Netherlands - Accell Group has announced today that it plans to adjust its production structure to "simplify operations and enhance...

Following disinvestments, GasGas and Husqvarna take the lead in Pierer Mobility’s e-bike portfolio. – Photo GasGas

Bicycle segment restructuring impacts Pierer Mobility's 2023 earnings

WELS, Austria - Pierer Mobility Group warns for more consolidations and job losses in its bicycle and e-bike division in the year ahead in its...

How did listed bicycle companies fare in 2023? – Photo Shutterstock

Listed bicycle companies performed better than expected in 2023

FRANKFURT, Germany - After a catastrophic 2022, many insiders were not looking ahead to 2023 with optimism. A year later it can be concluded that the...

Merida is also a frame supplier for other OEMs, which makes it difficult to determine which part of their business was hit most. – Photo Jo Beckendorff

Merida 2023 sales shifted down sharply in line with market trend

CHANGHUA, Taiwan - The preliminary 2023 results of Taiwan's second largest bicycle manufacturer Merida Industry Inc. published this week represent...

December is usually a strong month for children’s bicycle sales in the UK, but this wasn’t enough to overturn the deficit. – Photo Halfords

Halfords bicycle sales well below pre-pandemic levels

REDDITCH, England - Halfords has reported a 5.1% dip in its Q3 cycling sales compared to the same period last year. More concerning is that the UK...

Scott Sports Group is lucky enough to have a strong parent company to provide additional financial resources now the supply chain bottleneck has become problematic. – Photo Jo Beckendorff

Scott Sports next to get multi-million loan from owner

SEOUL, South Korea - Scott Sports owner Youngone Corporation has granted its subsidiary a temporary financial injection of SFR 150 million (€160.6...

Tier and Dott both offer e-bike services in several cities in Europe. – Photo Dott

Shared mobility providers Tier and Dott join forces

BERLIN, Germany - European shared e-bike and e-scooter providers Tier and Dott have preliminarily agreed to merge. With a fresh investment of €60...