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The latest interim report of the VanMoof administrators published last week shows there won’t be much left for the creditors. – Photo VanMoof

Not much left money for creditors after mega-losses of VanMoof

AMSTERDAM, the Netherlands - An interim report by the VanMoof administrators paints a clear picture of the financial drama which took place this...

The helmet manufacturer BSA which has been working for Uvex Group for almost 30 years will close by the end of 2024. – Photo Uvex Group

Uvex Group to close its German bicycle helmet production

OBERNZELL, Germany - Cycling and sports gear manufacturer Uvex Group announced the closure of one of its European production locations in a strategic...

In 2021 WeSports acquired Cykelkraft.se a leading online bike retailer in Sweden. – Photo WeSports

WeSports Scandinavia acquires stake in Thevea Brands Group

STOCKHOLM, Sweden - Swedish cycling and sports equipment group WeSports Scandinavia AB has acquired a stake in compatriot Thevea Brands Group AB. The...

No room anymore for Felt and R Rayman in Pierer Mobility’s House of Brands. – Photo Pierer Mobility

Pierer Mobility sells Felt due to financial obstacles in motorbike...

WELS, Austria - In a remarkable move, Pierer Mobility AG has decided to focus on its core business of Powered-Two-Wheelers and to concentrate on its...

Halfords reports that a challenging market, weak consumer confidence and unfavourable weather conditions have impacted its cycling sales performance in the first half of the 2024 financial year. - Photo Shutterstock

Small silver lining for Halfords as cycling division underperforms

REDDITCH, England - Alongside mainland Europe, bike sales in the UK have taken a market-adjusting dip this year. Retail giant Halford has reported...

Qwic owner Hartmobile bv has been declared bankrupt by the Court in Amsterdam. – Photo Bike Europe

Qwic bankruptcy also impacts VDL automatic frame production

AMSTERDAM, the Netherlands - Qwic was always known as one of the early innovators in the e-bike market in the Netherlands. According to Qwic an...

Although the long term forecast is good, Taiwan’s top 3 bicycle manufacturers currently have some hurdles to face. - Photo Bike Europe

Taiwan's top 3 face further sales and profit slumps in Q3 results

TAIPEI, Taiwan - Taiwan's top three bicycle and e-bike producers Giant Manufacturing Company Limited (Giant Group), Merida Industry Co., Ltd. and...

“In 2023 we will continue to navigate in a challenging environment,” explained hGears CEO Sven Arend.

High inventory levels and Revonte bankruptcy weakens hGears' e-bike...

SCHRAMBERG, Germany - German precision gear and component manufacturer hGears AG reports a consolidated revenue of €84.1 million from January until...

Hornback Founders Nishith Parikh & RajKumar Kewat have developed a full-sized diamond frame folding e-bike. - Photo Satnam Singh

Mahindra & Mahindra invests in Indian e-bike startup Hornback

HYDRABAD, India - Automotive giant Mahindra & Mahindra was among the first to invest in intelligent mobility solutions start-up Hornback. The new...

Bike24’s total sales were down -16% to €61.1 million in the third quarter due to persistently poor consumer sentiment in the core market DACH. - Photo Bike24

Bike24 reports Q3 sales drop but foresees comfortable inventory level

DRESDEN, Germany - German e-commerce outlet Bike24 Holding has reported a 16% drop in total sales to €61.1 million in Q3, despite full bike sales...