Online bicycle retailer Bike24 is raising its financial outlook for its current third quarter, and for the entire financial year. The Dresden-based company expects the positive trend from the first half of the year to continue.
SponsoredDahon is responding to the growth of the e-bike market worldwide with a new alliance and factory. The company is forming an alliance with Golden Wheel Group to establish the new company Dagold Technology. Its new Dagold Factory in Tianjin, China, was officially opened on October 16th.
HASTINGS, United Kingdom - British bike brand Whyte Bikes Ltd. has changed private equity hands, from current owner Cairngorm Capital to Causeway Capital. The acquisition sees 100% ownership of Whyte transferred to Dublin-based Causeway Capital. The brand sees the move as a major step toward developing international growth.
TAICHUNG, Taiwan - In the wake of forced labour accusations from the United States, Giant Group is extending its 'Zero Recruitment Fee Policy'. Originally in effect from January 1, 2025, this will now apply to all migrant workers currently employed at the company in Taiwan. "This latest expansion reflects the Group's ongoing institutionalisation and practices of human rights protection and fair employment," the company states.
VIENNA, Austria - "It's not a helmet, it's an airbag." That's the tagline for the Hövding 4, the new debut model for the Swedish brand now owned by the Austrian iSi Group. The latest wearable airbag design has been hyped as a complete reboot from previous models, the last of which came under fire for safety concerns.
BRUSSELS, Belgium - Ahooga, the Belgian folding e-bike brand, has raised €5.5 million in a new funding round aimed at developing its Max folding bike platform and expanding its international footprint.
