GDANSK, Poland - Polish manufacturer 7Anna Group and its brands NS Bikes, Rondo and Creme Cycles, may soon have a new investor, according to news buried in an Instagram post from NS Bikes.

GDANSK, Poland - Polish manufacturer 7Anna, owner of the cycling brands Rondo, NS Bikes and Creme Cycles, has filed for insolvency. A Polish industry leader in recent years, the 24-year-old company had become known for its diverse range of bikes, from Rondo's gravel bikes to Creme's urban riders. "We are in ongoing talks with investors and we have strong hopes that these negotiations will end successfully. If this plan works out, our brands and team will be able to continue moving forward, and we may even shift into fifth gear," explains founder Szymon Kobylinski in an update on the company's status.

GRENCHEN, Switzerland - BMC Group has announced the reduction of approximately 40 jobs worldwide as part of a broader restructuring strategy aimed at reducing costs and returning focus to its core business. The decision comes amid significant economic challenges to ensure the company remains competitive.

SHANGHAI, China - For the third time this year, COVID restrictions have forced the organising committee to postpone the 2022 edition of China Cycle. At the moment it is unknown when or where the show is going to take place.

SUZHOU, China - The severe spread and skyrocketing infection of COVID-19 figures in the Shanghai area, including Suzhou, has posed a major challenge for e-bike system manufacturer Bafang. Recent lockdown measures have escalated difficulties like raw material shortages, sluggish logistical efficiency, severe supply delays in Corona-related sealed-off areas and suspension or impediment of battery exports.

The current situation caused by COVID-19 has created a great opportunity for manufacturers of mechanically welded structures within the European Union.