Accell Group announced the next milestone in its transformation, with new funding and a substantial debt reduction. Under an agreement announced today with its key stakeholders, Accell Group will receive additional funding in exchange for shares. The existing majority shareholders transferred control of Accell Group to a new corporate structure.

Giant Group announced the passing of its beloved founder, King Liu, who passed away peacefully in the early hours of 16 February at the age of 93. In a statement published by Giant Group, the company says, "King Liu was not only our founder but also a leader who consistently guided the organisation forward while remaining attentive to those around him."

The close connections between Triangle's and Hero Motor Company (HMC) have progressed into a strategic technical and sourcing partnership. The two companies agreed to combine Triangle's engineering excellence with India‑based industrial scale at HMC to create a competitive aluminium bicycle-frame-building conglomerate. HMC will get access to technical know-how, while Triangle's can more easily supply entry-level and mid-premium frames for the European Union market.

Skip the flowers, chocolates and spa gifts this International Women's Day.

Changing market conditions and new European Union regulations have opened the door for tyre specialist Dmack to repurpose the former Nokian tyre facility in Finland. Bicycle tyre production had largely shifted from Europe to the Far East in recent decades. The cost of labour, environmental regulations and proximity to rubber sources made it more efficient to operate these factories in Asia. According to Dmack owner Dick Cormack, times have changed. "I have made it my personal mission to put this factory back on the map and build up production in Europe with high-quality products. That's our mission over the next five years."

This year, multi-sports chain store retailer and manufacturer Decathlon is continuing its expansion in Germany. Following the grand opening of its hundredth store in Nuremberg last November, Decathlon-Germany has announced its goal to operate at least 150 stores by 2027.