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...
OSAKA, Japan - The financial consequences of high inventory in the market accelerated in the fourth quarter of last year for bicycle and parts...
STOCKHOLM, Sweden- For the bicycle industry 2023 has been a tough year with over-supply and full warehouses clashing with a dropping consumer demand....
BIELEFELD, Germany - In the aftermath of the announced insolvency, no offers have been made for the Internetstores Group as a whole, an interim...
AMSTERDAM, the Netherlands - The QWIC administrator has reached an agreement with a consortium of investors for a restart. This was announced by...
HEERENVEEN, the Netherlands - The merger of two factories into one as Accell Group announced last Tuesday, has to result in a more efficient and...
HEERENVEEN, The Netherlands - Accell Group has announced today that it plans to adjust its production structure to "simplify operations and enhance...
WELS, Austria - Pierer Mobility Group warns for more consolidations and job losses in its bicycle and e-bike division in the year ahead in its...
FRANKFURT, Germany - After a catastrophic 2022, many insiders were not looking ahead to 2023 with optimism. A year later it can be concluded that the...
CHANGHUA, Taiwan - The preliminary 2023 results of Taiwan's second largest bicycle manufacturer Merida Industry Inc. published this week represent...
REDDITCH, England - Halfords has reported a 5.1% dip in its Q3 cycling sales compared to the same period last year. More concerning is that the UK...