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Everything about Financial

  • With good Spring weather, Merida’s European subsidiaries performed strongly, with first-half revenue increasing 14%. - Photo Bike Europe
    FinancialYesterday

    Merida sees uneven signs of a market recovery

    After Taiwan's leading bicycle manufacturer Giant Group reported signs of a turnaround in the second quarter of 2026, its compatriot and competitor Merida Industry is seeing similar early indications of a recovery. However, the company's first-half results and latest market data show that the recovery remains uneven.

  • A former professional road racing cyclist, David Vitoria co-founded the Spanish high-performance bicycle brand in 2012 alongside his brother, José Vitoria. – Photo Berria Bikes
    Financial11 Sep 26

    Berria Bikes on growth path as revenue spikes 18%

    Spanish company, Berria Bikes which specialises in high-performance bicycles, has achieved an 18% increase in revenue (July 2025-June 2026) and is seeking to expand its market reach in the Iberian market through a new partnership program with independent bicycle retailers. As it enters a new phase of growth, the brand will also look to expand its foothold in international markets.

  • The combined operations of Swapfiets and Dance has more than 75,000 e-bikes across 45 cities. – Photo Swapfiets
    Financial1 Sep 26

    Pon-owned Swapfiets cuts losses to €7 million

    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 focuses mainly on hydration, carrying equipment and riding apparel, particularly for MTB, gravel and bikepacking. – Photo USWE
    Financial28 Aug 26

    USWE revenue down double digits while shifting to dealer-direct distribution

    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.

  • Under judicial reorganisation Lapierre enters a new stage focused on continued operations and bringing in a long-term industrial or financial investor. – Photo Lapierre
    Financial26 Aug 26

    Lapierre takes a step towards Accell independence

    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."

  • Generational transition at Taiwan’s components manufacturer Sun Race Sturmey-Archer. – Photo Sun Race
    People26 Aug 26

    SunRace Sturmey-Archer founder hands over leadership

    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.

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