For a brief moment during the pandemic boom of 2020-2021, the cycling industry appeared to enter the mainstream of global mobility investment. Venture capital flowed into direct-to-consumer e-bike brands, and private equity firms took significant stakes in several major European players.

To achieve its long-term goals in the Asia-Pacific region, German Canyon Bicycles GmbH is strategically investing in logistics, digital and commercial activities. The company is focusing on markets like China, Japan, South Korea, Singapore, Australia and New Zealand.

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.

KOBLENZ, Germany - The third quarter of 2025 remained challenging for Canyon. The company's financial performance reflects current market conditions. The overall industry is facing ongoing difficulties, characterised by oversupply and aggressive discounting. While Canyon is not immune to this trend, the company reports robust sales in road and gravel segments.

KOBLENZ, Germany - Founder, Roman Arnold, is returning to Canyon Bicycles GmbH to assume operational responsibilities as executive chairman, starting September 1st. Following a period where the ongoing challenging market environment had seen owner GBL's investment depreciate by 43% a new approach is now being taken. This means exit "by mutual agreement" for current CEO Nicolas de Ros Wallace.

KOBLENZ, Germany - The ongoing challenging market environment marked by oversupply and aggressive discounting, especially in electric and non-electric mountain as well as urban bikes, impacted the revenues and profitability of Canyon Bicycles. Groupe Bruxelles Lambert (GBL) reported a 5% drop in revenue to € 398 million and a net profit (EBITDA) of -30%.