Go Sport receivership brings uncertainty to French market
GRENOBLE, France - The commercial court of Grenoble has put the sporting goods retailing giant Go Sport in receivership on 19th January after being...
Pierer Mobility reports 15% growth in bicycle sales
WELS, Austria – Austrian two-wheeler giant, Pierer Mobility continued its success in 2022, the company's latest financial report shows. Under its...
Giant Group takes minority stake in Stages Cycling
TAIPEI, Taiwan – Two filings from bicycle producer Giant Manufacturing Company Ltd., ran over the ticker of the Taiwan Stock Exchange (TWSE) on 20th...
GreenMo goes bankrupt as e-mobility market growth misjudged
WAARDENBURG, the Netherlands - GreenMo Group, which leases e-bikes and electric scooters to prominent delivery outlets in the Netherlands, Belgium,...
VanMoof asks investors for additional funding to continue operations
AMSTERDAM, the Netherlands – The trendy Amsterdam based brand VanMoof has seen its turn-over hike since 2017. A strong global branding made it an...
Halfords Q3 results show trend reversal in UK bike sales
REDDITCH, UK – In its latest financial statement, UK bicycle retailer Halfords reports that cycling sales have dropped to pre-covid levels. Despite...
Stock markets see drastic correction after high rise during pandemic
MUNICH, Germany – The events of 2022 had a huge impact on financial markets; it was a disastrous stock market year. The pandemic was barely halfway...
Onomotion raises millions to expand e-cargo bike for urban logistics
BERLIN, Germany - Urban logistics e-cargobike manufacturer Onomotion has closed its Series A, with €6 million in equity and €15 million in debt. “We...
Giant’s inventory problem raises an industry-wide problem
TAICHUNG, Taiwan – It was not supposed to be discussed in public, but the letter Giant sent to its suppliers asking for payment postponement was...
Cycle Union and Prophete file for insolvency
OLDENBURG, Germany - Mass merchant supplier Prophete GmbH & Co. KG and IBD supplier Cycle Union filed for insolvency yesterday. Already in mid-2019...