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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...

Later this year, Alltricks plans to open a ninth store in Antibes, in the south of France, near Nice. – Photo Alltricks

Alltricks is moving forward in a tough market

MONTIGNY-LE-BRETONNEUX, France - The French Alltricks group has reported a 4% increase in sales last year despite the difficult conditions. "In 2023,...

Bike Venture’s Startup and Innovation Zone on the Taipei Cycle show exhibition floor proved to be a successful formula. – Photo Bike Venture

Inaugural Bike Venture brings investor interest to Taipei Cycle show

TAIPEI, Taiwan — The inaugural Bike Venture Program, co-hosted by Taipei Cycle and ecosystem builder Anchor Asia (aka Anchor Taiwan), brought a new...

Schwalbe’s Green Marathon tyre was welcomed in 2023 as the company’s most sustainably produced product to date. – Photo Schwalbe

Economic and inventory woes push Schwalbe turnover down 30%

REICHSHOF, Germany - Tyre manufacturer Schwalbe has reported a turnover of €237 million in 2023, down 30% from a record year in 2022. Dampened...

The appointment of the new Chief Financial Officer (CFO) Gijsbert van Zoeten is Accell Group’s next step in an attempt to counter the financial challenges. The reorganization of the board of management was only communicated internally.

Accell Group reorganizes senior management to counter financial...

HEERENVEEN, the Netherlands - The appointment of the new Chief Financial Officer (CFO) Gijsbert van Zoeten is Accell Group's next step in an attempt...

E-bike made up 30% of Giant’s revenue in 2023. – Photo Giant Group

Giant Group revenue pushed up by Chinese market

TAICHUNG, Taiwan - A huge increase in bicycle sales in China could not compensate for the weak demand of entry to mid-level products from both North...