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Slipped into insolvency: Austria’s bicycle and e-bike contract manufacturer WSF Bicycle Technology GmbH. – Photo WSF Technology

Austrian bicycle manufacturer WSF Technology insolvent

REGAU, Austria - Contract manufacturer WSF Bicycle Technology GmbH applied for insolvency on 24 April. The challenging market situation in the...

The production of Bafang e-drives is subdivided into three categories: hub motors, mid-motors and integrated wheel motors. – Photo Bafang

Bafang financial performance tempered by drastically declining exports

SUZHOU, China - For e-drive manufacturer Bafang Electric (Suzhou) Co., Ltd, 2023 was a very challenging year. According to the company's financial...

“Our mission is to be the most desirable bicycle brand in the world,” commented Nicola Rosin, CEO of Colnago. – Photo Colnago

Colnago reports sales hike and drop in inventory

CAMBIAGO, Italy - 2023 has been a very good year for Colnago Ernesto & C. S.r.l. looking at the publication of their 2023 financial report. The...

Due to drastic market changes since early 2022, Kona, could not live up to the high expectations for Kent Outdoors. – Photo Kona Bicycles UK

Kona for sale as owner prefers not to wait for market recovery

PARK CITY, USA - Only two and a half year after the three founders sold Kona Bicycles to Kent Outdoors, the new owner has put the iconic Canadian...

Shimano reports that supply and demand adjustments continued, and market inventories remained high globally. – Photo Shimano

Shimano reports weak sales while outlook remains slow

OSAKA, Japan - Bicycle component manufacturer Shimano reports that demand for bicycles continued to be weak at the start of the year. In the first...

Founded in 1988, Kona is known for its mountain and cyclocross bikes. – Photo Kona

Kona Bicycles owner appoints new CFO amidst Sea Otter confusion

PARK City, Utah - Kona Bicycles was a noticeable last-minute absence at this week's Sea Otter event in California. The brand pulled down their booth...

Besides strong brands such as Gazelle in the Netherlands performing well, Pon continued to explore new opportunities in 2023, such as the partnership with Volkswagen Financial services to expand opportunities in the bike leasing segment. – Photo Bike Europe

Pon declares 'robust' 2023 performance despite bike market correction

AMSTERDAM, The Netherlands - Following a historic year in 2022, the bike division of Pon Holdings has reported a 5% drop in 2023. Referring to the...

“I am still standing in this power struggle” says a defiant Beat Zaugg. - Photo Scott

Big bang at Scott Sports Group: Board of Directors fires CEO Beat...

GIVISIEZ, Switzerland - The announcement by Scott Sports Group SA majority shareholder Youngone Corporation to lay-off its CEO and minority...

Circulatory Capital was a lead investor when Rebike raised €24 million to expand into France, the Netherlands and Switzerland. – Photo Rebike

Private equity supporting growth of micromobility's circular future

EDINBURGH, Scotland - A 9-digit private growth-equity fund which has already supported Rebike, Bike Club and Grover in the micromobility sector,...

Market dynamics remained challenging throughout 2023 for hGears and were characterized by slower than expected destocking. – Photo hGears

E-drive maker hGears gives cautious outlook after revenue decline

SCHRAMBERG, Germany - hGears AG, the European precision e-bike transmission parts and components manufacturer, reports a 16.9% year-on-year decrease...