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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...

ZEG did not share any details on why they have sold their long existing subsidiary Eurorad. – Photo Eurorad

ZEG sells majority share in leasing provider Eurorad

COLOGNE, Germany - German bicycle dealer cooperative Zweirad-Einkaufs-Gemeinschaft (ZEG) has sold its subsidiary Eurorad Deutschland to Bencis...

Bird is one of the largest micromobility operators in North America and also has shared e-bikes and e-scooters in several European cities. – Photo Bird

Shared mobility provider Bird enters voluntary Chapter 11 in US

MIAMI, USA - Known primarily for its shared e-scooter service across cities globally, Bird has announced that it is restructuring to "strengthen its...

The much-discussed inventory level in the industry led to aggressive discounting campaigns. – Photo Accell Group

Fitch Ratings warns Accell Group finances are 'unsustainable'

HEERENVEEN, the Netherlands - The reorganisations announced at three of its subsidiaries was already a clear indication of a new policy at Accell...