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The financial markets began worrying about the financial position of Accell Group a long time ago. – Photo Accell Group

Financial and organisational problems piling up at Accell Group

HEERENVEEN, the Netherlands - The financial situation for KKR owned Accell Group is becoming increasingly challenging. A group of lenders decided to...

“The UK cycling market was impacted by a combination of continued weak customer confidence and unusually mild and very wet weather,” writes the UK retailer. – Photo Halfords

Halfords reduces profit forecast in trading update

REDDITCH, England - In a trading update Halfords Group announced to expect a significant drop in like-for-like revenue growth in its retail business....

“Belgium is our biggest market,” Stromer co-CEO Tomi Viiala confirmed to Bike Europe during Velofollies.

Stromer reports growth despite cycling industry headwinds

OBERWANGEN, Switzerland - Despite overall stagnant or declining markets in Europe, myStromer AG, parent company of premium e-bike brands Stromer and...

The benefit bike service of Vapaus makes it easy for employees to lease the ‘bike of their dreams’ as a personal benefit through their salary, without having to pay any tax on the first €100 a month. – Photo Vapaus

Finnish e-bike leasing service secures €15 million for international...

HELSINKI, Finland - Vapaus Bikes Finland Oy, has secured a €15 million loan to drive growth and international expansion in the employee benefit bikes...

In Shimano’s main markets in Europe, Germany, the Netherlands and Belgium interest for bicycles remained strong. – Photo Shimano

Shimano loses 29% in turnover and half its profit in 2023

OSAKA, Japan - The financial consequences of high inventory in the market accelerated in the fourth quarter of last year for bicycle and parts...

Despite difficult external conditions, Swedish helmet manufacturer Mips continues to look positively into the future. – Photo Mips

Mips, GoPro, BikeBeat: Financial results offer positives for 2024

STOCKHOLM, Sweden- For the bicycle industry 2023 has been a tough year with over-supply and full warehouses clashing with a dropping consumer demand....

What might turn into an asset sale, some bidders have expressed an interest in the six stationary Fahrrad.de bicycle stores in Germany. – Photo Internetstores

Future of Internetstores Group hangs in balance as no buyer steps...

BIELEFELD, Germany - In the aftermath of the announced insolvency, no offers have been made for the Internetstores Group as a whole, an interim...

E-bike brand Qwic will stay on the market, but how it will operate remains unknown. – Photo Qwic

Qwic restart after bankruptcy shrouded in mist

AMSTERDAM, the Netherlands - The QWIC administrator has reached an agreement with a consortium of investors for a restart. This was announced by...

“We strongly dispute that our factory in Heerenveen will close in the long term,” said Accell Group CEO, Tjeerd Jegen. – Photo

Accell Group 'analysing all options for investment plan in...

HEERENVEEN, the Netherlands - The merger of two factories into one as Accell Group announced last Tuesday, has to result in a more efficient and...

The relocation of production from Heerenveen, the Netherlands to other European locations such as in Hungary (pictured) will result in more than a hundred job losses for the Accell Group. - Photo Bike Europe

Accell Group cuts jobs as production across Europe is streamlined

HEERENVEEN, The Netherlands - Accell Group has announced today that it plans to adjust its production structure to "simplify operations and enhance...