Swapfiets continued its path towards profitability in 2025, with the Amsterdam-based bicycle subscription company nearly halving its net loss while increasing revenue. CEO Marc de Vries says the company could reach profitability if the current trend continues.
USWE Sports Group's shift from distributor sales towards a higher proportion of direct sales to retailers weighed on its first-quarter performance. The Swedish outdoor and sports equipment supplier reported an 18% year-over-year decline in currency-adjusted net revenue for the first quarter of its 2026/2027 fiscal year.
The Commercial Court of Dijon has officially opened the judicial reorganisation (redressement judiciaire) of Cycles Lapierre as it seeks independence from the now-bankrupt Accell Group. The French brand's CEO William Perrier is happy with the development: "We've got an opportunity. It's up to us to transform it into a future."
The next generation will spearhead SunRace Sturmey-Archer's strategic restructuring now founder Tony Hsu has handed over the chairmanship to his daughter, Sandy Hsu. The Board of Directors unanimously approved her appointment, marking a pivotal leadership transition for the 54-year-old company.
The Rebirth Group, owner of bicycle brands including Solex, Gitane, Peugeot Cycles, Cowboy and Angell, is pursuing an increasingly ambitious consolidation strategy in the European bicycle industry. At the same time, the French group is facing mounting financial and legal pressure, including eviction proceedings, unpaid debts and historically substantial losses.
Also, Inc., the US micromobility spin-off from electric car manufacturer Rivian, has closed a $150 million (€128 million) Series D financing round. Led by Prysm Capital, with participation from Eclipse Capital, Greenoaks and MVP Ventures, the new capital will accelerate development of its autonomous vehicle platform. With US shipments of its TM-B e-bike underway, the brand is now building a team for a European market launch.
