Mike Dennison steps down with immediate effect because of expected low third quarter results. Full year net sales were first estimated to be 1.42 billion to USD 1.47 billion (EUR 1.27 billion to EUR 1.31 billion).

British children's bike brand Early Rider has appointed Mario Herbold as chief operating officer and Janine Bessen as head of global e-commerce. The executive hires come in the company's 20th anniversary year and are intended to support the expansion of its international retail network.

Europe's cycling sector will need to recruit 105,000 more bicycle mechanics by 2032, equivalent to 60% of today's workforce of around 175,000. That is the central finding of the NextGen Mechanics report, which links the shortage to low pay, fragmented training and the rise of e-bikes and leasing fleets.

The industry is searching for new ways out of the current market difficulties. Instead of hiring new talent with fresh know-how, which hasn't proven successful in overcoming supply chain constraints, old veterans are returning to their posts. Specialized founder Mike Sinyard will step back into the role of Chief Executive Officer on November 1, 2026 following Roman Arnold's decision at Canyon Bicycles.

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.

Also, Inc., the US micromobility spin-off from electric car manufacturer Rivian, has closed a $150 million (€128 million) Series D financing round. Led by Prysm Capital, with participation from Eclipse Capital, Greenoaks and MVP Ventures, the new capital will accelerate development of its autonomous vehicle platform. With US shipments of its TM-B e-bike underway, the brand is now building a team for a European market launch.